A Brandeis tax can stop inequality in its tracks.

Last week, on Wednesday September 17, 2008, the Bush Administration almost stumbled upon a way...

Where did TARP go?

The ideal economic stimulus would be something that should be done in any event ---...

One of the reasonable motivations for voting is that one vote can make a difference,...

Start the financial rescue with containment, establish unlimited deposit insurance and continuous access to funds,...

In a battleground state like Colorado or New Mexico, voting in the presidential election may...

The Treasury wants a blank check for $700 billion, at taxpayer expense; instead a businessman...

For voters with "social" preferences, the expected utility of voting is approximately independent of the...

Microsoft continues to profit at its users expense by creating incompatibilities. Think twice before asking...

Proposition 87 reemphasized that Americans don't want the cost of driving to increase: Aaron Edlin...

We estimate auto accident externalities (more specifically insurance externalities) using panel data on state-average insurance...

Why don’t people give more to charity? One reason is that the problems will be...

Prices of academic journals have climbed enormously in the past two decades. This article explains...

In games with strict strategic complementaries, properly mixed Nash equilibria - equilibria that are not...

Reviews the literature on breach of contract and contract penalties and presents in a coherent...

The bias of forward exchange rates as a predictor of future spot rates is typically...

Since 1993 when the Supreme Court decided Brooke Group, no predatory pricing plaintiff has prevailed...

The proof in Proposition 4 in Hermalin and Katz (1991) is incorrect because it fails...

This article discusses the ability of an agent and a principal to achieve the first-best...

Several recent papers argue that price-matching policies raise equilibrium prices. We add to this literature...

We examine the welfare properties of surplus maximization by embedding a perfectly discriminating monopoly in...

Milgrom and Shannon [1994] assert that under appropriate conditions the Spence-Mirrlees condition is equivalent to...

Economists commonly seek to show that one variable increases in response to changes in another...

Price-matching policies can be highly anticompetitive. They allow firms to raise their prices above competition...

Families who earn more or who heed the "experts'" advice and save for college typically...

In bilateral trading problems, the parties may be hesitant to make relationship-specific investments without adequate...

This article shows that up-front payments can eliminate the overinvestment effect identified by Shavell (1980),...

Managerial theories of the firm have a long and controversial history, beginning perhaps with Adolf...

We ask when firms with increasing returns can cover their costs independently by charging two-part...

In our model of negotiated transfer pricing, divisional managers can make specific investments that enhance...

We explore the interactions among firms with increasing returns regulated to break even by pricing...

The Supreme Court has been active in antitrust in recent years.

Antitrust Analysis can be ordered at http://www.amazon.com/Antitrust-Analysis-Problems-Text-Cases/dp/0735527954

Judge Breyer famously worried that aggressive prohibitions of predatory pricing throw away a bird in...

If 30 million more people get health insurance, who will take care of them? Unless...

Should a firm that hits tough times cut salaries or jobs?

Although antitrust courts sometimes stress the competitive process, they have not deeply explored what that...

Externalities from Auto Accidents and Auto Driving justify mandates of Pay-As-You-Drive Auto Insurance.