Benefit-cost analysis is required for many regulatory decisions in the United States and in other countries. In this paper, I examine a standard textbook model that is used in benefit-cost analysis as it is actually applied to environmental policy and other areas of regulation. My primary...

Introduction / Robert W. Hahn -- Tales of bundling : implications for the application of antitrust law to bundled discounts / Bruce H. Kobayashi -- Why tie an essential good? / Dennis W. Carlton and Michael Waldman -- Tying : the poster child for antitrust modernization / David S. Evans