We develop a stylized two-sided model of the local broadband Internet market where prices are used to facilitate “interactions” between the Broadband Internet Service Provider’s (BISP) subscribers and Content and Application Service Providers (CASPS), as well as the priority (i.e., speed)...

We compare the economic efficiency of imposing a “zero price rule” on Broadband Internet Service Providers (BISPs) with the economic efficiency associated with allowing the BISP to charge Content and Application Service Providers (CASPs) a non-discriminatory uniform price for...

Despite almost a decade of strong economic growth, Ghana still lags behind in its ability to generate enough power to catalyse this growth. The rapid deceleration in economic activity over the past three years has been primarily due to persistent energy supply constraints and rising...

A general equilibrium model is considered with multiple divisible and multiple indivisible commodities. In models with indivisibles it is always assumed that an indivisible commodity, called money, is present that is used to transfer the value of certain amounts of indivisible goods. For these...

As worked out a century ago, the neoclassical theory of distribution was analytically as well as ideologically satisfying. The simultaneous determination of input and output prices through the operation of factor and product markets seemed to close the explanatory gap left by the classical...

The taxation of goods and services by a state is considered efficient when consumer welfare is maximized subject to the condition that the local government raises a specified amount of revenues. According to the Ramsey principle of optimal taxation of commodities, an efficient commodity tax...

An important difference between lodging sharing economy marketplaces (e.g., Airbnb) and traditional hotels is that the guest may be sharing the property with a local host. While shared properties are on average cheaper compared to listings where the guest occupies the entire (and hence larger)...

Increasing water scarcity has attracted more businesses and their high-powered market tools to a sector that has been dominated historically by organizations operating under low-powered incentives. This paper compares business and bureaucratic institutions through three interfaces. The first...

This paper examines a model of duopoly firms selling to an exogenously formed buyer group consisting of members with heterogeneous preferences. Two research questions are addressed: (1) when is it optimal for a buyer group to commit to exclusive purchase from a single seller, and (2) how does...

When companies purchase IT products for their employees, departments or divisions, whether to standardize on one product or to allow the users to make their own choices is an important decision for IT managers to make. By consolidating demand and committing to buy from a single seller,...