As we indicated at the beginning of this chapter, price discrimination is a ubiquitous
phenomenon. Nearly all firms with market power attempt to engage in some type of price …

This chapter analyzes the private rationale and the social costs and benefits of market
foreclosure, here defined as a firm's restriction of output in one market through the use of …

The Theory of Industrial Organization is the first primary text to treat the new industrial
organization at the advanced-undergraduate and graduate level. Rigorously analytical and …

Infrastructure resources are the subject of many contentious public policy debates, including
what to do about crumbling roads and bridges, whether and how to protect our natural …

What do phone rates, frequent flyer programs, and railroad tariffs all have in common? They
are all examples of nonlinear pricing. Pricing is nonlinear when it is not strictly proportional …

We represent the economy as a network of industries connected through customer and
supplier trade flows. Using this network topology, we find that stronger product market …

Publisher Summary The theory of vertical integration is situated at the intersection of the
theory of the firm, the theory of contracts, and the theory of markets. A firm can be described …

This chapter surveys the developments in price discrimination theory as it applies to
imperfectly competitive markets. Broad themes and conclusions are discussed in the areas …

We argue that the concentrated production and ownership of Bitcoin mining hardware arise
naturally from the economic incentives of Bitcoin mining. We model Bitcoin mining as a two …

This paper interprets private label marketing as a retailer instrument for overcoming the
double‐marginalization problem inherent in the distribution of well‐known manufacturer …