Ths histories of the processes of obtaining music performance rights for theatrical motion pictures and for pre-recorded television are discussed as examples of path dependent historical processes. The histories of these markets might be identified as strong historical processes, and both...

This essay is a status report on the development of a new approach to analysis of mergers. This approach replaces market-share- based presemptions with simulations of the effects of mergers within the context of tractable oligopoly models calibrated to the particular characteristics of the...

This paper discusses the International Telecommunications Satellite Organization (INTELSAT) and guidelines for its competitive reform.

Securing sales to a large bayer can be pivotal to a supplier' s decision to produce. Conventional wisdom holds that being pivotal improves a bayer's bargaining position. This paper finds otherwise. In a model in which a supplier bargains bilaterally with multiple buyers, becoming pivotal through...

Our results seem to provide substantial evidence that joint operating agreement's (JOA) act as constrained rather than unconstrained monopolists in setting ad rates and circulation levels. The constraint of having to produce two dailies binds tightly enough to yield JOA CPM's that are much...