This Chapter provides a survey of the economics literature on multi-sided platforms with particular focus on competition policy issues, including market definition, mergers, monopolization, and coordinated behavior. It provides a survey of the general industrial organization theory of...

We explore potential methods for assessing whether licensing terms for intellectual property declared essential within a standard setting organization can be considered fair, reasonable, and non-discriminatory (FRAND). We first consider extending Georgia-Pacific to a standard setting context. We...

Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand experiment in market-based environmental policy: the SO2 cap-and-trade system. That system performed well but created four striking ironies. First, by creating this system to reduce SO2 emissions to curb acid...

This paper provides an overview of the use of renewable energy sources to generate electricity in the United States and a critical analysis of the federal and state policies that have supported the deployment of renewable generation. Particular attention is paid to the use of wind energy and to...

Market definition is the first step in the assessment of market power. Richard Schmalensee (MIT)

Our analysis has important implications for banking regulators and competition authorities around the world that are looking into interchange fees for debit and credit cards. David S. Evans (Univ. of Chicago, UCL), Robert E. Litan (Kaufmann Foundation), & Richard Schmalensee (MIT).

Rohlfs presents a model that seems better suited to analysis of new Internet-based businesses that rely on network effects, like Facebook and YouTube. Richard Schmalensee (MIT)

Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand experiment in market-based environmental policy: the SO2 cap-and-trade system. That system performed well but created four striking ironies. First, this system was put in place to curb acid rain, but the main...

This timely Handbook reviews many key issues in the economics of energy and climate change, raising new questions and offering solutions that might help to minimize the threat of energy-induced climate change.