Government regulators often establish maximum prices for regulated services. This paper explains the proper economic principles for establishing such constraints. The principles imply a range - an upper limit and a lower limit - that constrain the regulator's discretion. Principles emerging from...

This paper analyzes conflicts that arise when trying to apply traditional antitrust principles in the context of digital markets.

This paper examines firms' choices to use mobile platforms — namely iOS and Android. Using Crunchbase® data on startups seeking external funding, we find that 16 of 47 business categories are likely to use mobile platforms. 10 of these 16 exhibit no platform preferences, implying...

We examine the motivations for forming regulatory agencies and the features that are critical for their success. Governments create independent regulatory agencies to address two fundamental problems in the control of public utilities, namely the dampening effect that politics has on investment...