This paper focuses on third-degree price discrimination by an upstream firm with some degree of monopoly power. Downstream firms fall into two categories: efficient and inefficient, according to their relative costs of transforming a unit of the upstream good into a unit of final product. Under...

The intensity of competition among firms depends on commuting patterns, as has been noted, because commuters can reach any store located on their route to work without incurring any incremental travel costs. We incorporate this insight into our estimation of a retail gasoline price function for...

The shortage of cadaveric human organs made available for transplantation has reached critical proportions and is now causing over 6000 deaths each year in the United States alone. Economically, this shortage appears to stem from at least two principal underlying causes, both of which are...