This paper considers a potential entrant that cannot enter without paying an avoidable cost and cannot commit toi that until after incumbent firms have committed to their output.

The "aftermarkets" literature focuses on two important questions: (1) Do durable goods manufacturers that control their aftermarkets have an incentive to charge afetrmarket prices that exceed costs? (2) How significant (in a welfare sense) is the resulting distortion? Unlike previous work, this...

This research addresses the question of how many registered trademarks are optimal to protect a brand. By assigning property rights in brand names, trademarks give firms the ability to protect their brands from free riders. The optimal number of trademarks depends on factors that affect expected...

This paper presents empirical evidence on why firm become corporate criminals. We investigate the relationship between corporate ownership structure and the prior probability of observing corporate crime.

Despite enormous changes in factors affecting milk supply and demand, total fluid consumption has been essentially constant since 1944 in the U.S. (since 1961 in the E.U.) Classical economic analysis cannot explain persistently constant consumption in dramatically changing markets. However, this...