In this paper, we offer a hybrid approach to merger simulation in which we allow rather extensive pre-testing to suggest the quot;correctquot;, or most desirable, form for the underlying demand curves. Our application is the merger between the large mobile telephone companies Cingular and...

This article analyzes the effects of the popular election of a monopoly regulator on the structure of the resulting price system. Consumers are differentiated by income and vote on a regulator who implements a two-part tariff for all consumers. The structure of the winning tariff depends on the...

In support of Fomby and Murfin (2005), we demonstrate empirically, rather than theoretically, the severe consequences of using HAC standard errors in regression-based financial event studies. Applying an event study to a recent merger, we show that the use of HAC standard errors render...

The Bell Operating Companies (quot;BOCsquot;) argue that Total Element Long Run Incremental Cost (TELRIC) prices set by State public service commissions have no nexus to the BOCs' actual forward-looking costs but are, instead, based on retail prices with the goal of ensuring that competitors...

In this article, we provide a focused economic analysis of the welfare effect of state and local regulation on communications services and, in particular, on the wireless segment of the telecommunications industry. We find that when local regulation in one jurisdiction has sufficiently large...

We combine regression and propensity score methods to estimate the effect of Internet use on job search. We exploit the distinction between the unemployed and the discouraged, where both desire employment but the latter has ceased active job search due to negative beliefs about the labor market....

Regression analysis augmented with propensity score methods is used to estimate the effect of Internet use on job search. The formal distinction between the unemployed and the discouraged is exploited, where both desire employment but the latter has ceased active job search. Results indicate...

We analyse the effects of 'network neutrality' proposals that seek to foreclose or severely limit market transactions. Our model reveals that rules that prohibit efficient commercial transactions between content and broadband service providers could be bad for all participants -- consumers would...

Where wireline distribution networks compete, each network typically has some customers over which it competes and others for which it is the sole provider. This paper conceptually and empirically assesses the effects of such competition on market prices, demand, and service quality for cable...