We examine price dispersion in a large dataset of Australian domestic airfares. The airlines vary the lowest available fares on successive booking days by restricting the menu of available ticket types, and by changing the prices for some of those types. Our fixed-effects estimator allows us to...

Trucks provide transport between a pair of cities, with the demand for transport from A to B being more intensive than for the reverse (back-haul) direction . The trucking industry comprises individual owner-drivers, and t here is no restriction on entry. For the two markets, the regulator sets...

Books reviewed: William Coleman and Alf Hagger, The Rage Over Economic Rationalism and the Campaign Against Australian Economists Hian Teck Hoon, Trade, Jobs and Wages Yoram Amiel and Frank A. Cowell, Thinking About Inequality Paul Downward and Alistair Dawson, The Economics of Professional Team...

Books reviewed: Peter Bernholz, Monetary Regimes and Inflation: History, Economic and Political Relationships William Oliver Coleman, Economics and Its Enemies: Two Centuries of Anti-Economics Michael Pusey, The Experience of Middle Australia. The Dark Side of Economic Reform Bent Flyvbjerg,...