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We examine quality choice in a duopoly model with one foreign and one domestic firm. where consumers show similar preferences for quality but different preferences for brands. Firms set quality prior...

This paper examines whether workers are less willing to accept defined benefit pension plans (a type of implicit contract) from firms that have reduced either worker compensation or employment. Worker...

This paper explains the anticompetitive consequences of horizontal restraints by analyzing how restrictions affect the cost conditions faced by individual members of the group. Our analysis assumes...

This paper develops a measure for the change in producer welfare when both factor and product prices are changed simultaneously. Such a measure is useful when performing economic analysis of proposed...

This paper examines the costs and benefits of occupational regulation. Over 800 occupations arc licensed by at least one of the fifty states. When properly designed and administered, occupational...

Does the extent of injury suffered by a domestic industry from unfair imports depend on the type of competition that exists between domestic and foreign firms? Is injury more severe when domestic and...

The 1980's saw the evolution of a vertical antitrust theory often referred to as "Raising Rivals' Costs." Our analysis examines this theory and its robustness with respect to a number of assumptions...