This paper develops new techniques for empirically analyzing demand and supply in
differentiated products markets and then applies these techniques to analyze equilibrium in …

This comprehensive analysis of the British privatization program offers insights into recent
policies on privatization, competition, and regulation in a country that has by far the greatest …

Applies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text
relates classic contributions to the field of modern game theory and discusses basic game …

IN THIS lecture I would like to discuss some aspects of an old and broad question: in what
ways can competition promote economic efficiency? As far as resource allocation is …

Using the above model, we analyse the effect of technical progress-or, equivalently a
reduction in marginal cost for a firm on national welfare. Without loss of generality, we deal …

We investigate the optimal behavior of a public firm in a mixed market involving private firms
and one public firm. Existing works show that welfare-maximizing behavior by the public firm …

This paper is inspired by the recurring mismatch between demand and supply in the US
influenza vaccine market. Economic theory predicts that an oligopolistic market with …

Statistics show that many zombie firms in China still enjoy a wide variety of government
subsidies. This paper explores the impact of this phenomenon from the perspective of …

In an industry where naturally monopolistic and competitive activities are vertically related,
should the natural monopolist be allowed also to operate in the deregulated competitive …

This paper studies whether imposing carbon costs changes the supply chain structure and
social welfare. We explore the problem from a central policymaker's perspective who wants …