Supported by the organizations who participate in the Program in Systems Thinking. Supported by the New Management Style at the Sloan School of Management, MIT.

Motivated by electronic commerce, this paper is a mechanism design study for sellers of multiple identical items. In the market environment we consider, participants are risk neutral and time-sensitive, with the same discount factor; potential buyers have unit demand and arrive sequentially...

"The research reported in this paper was supported by a grant from the General Electric Foundation."

This paper examines the explanatory power of transaction cost economics to explain vertical integration decisions for lobbying by firms. We examine 150 lobbying contacts at the Federal Communications Commission (FCC) on the issue of payphone compensation for dial-around calls. When firms lobby...

Includes bibliographical references (p. 34-35).