We develop a partial equilibrium, perfectly competitive framework of a (potentially) vertically integrated industry. There are three types of firms: upstream firms that use primary factors to produce an intermediate; downstream firms that use primary factors and intermediates to produce a final...

We develop a partial equilibrium, perfectly competitive framework of a (potentially) vertically integrated industry. There are three types of firms: upstream firms that use primary factors to produce an intermediate; downstream firms that use primary factors and intermediates to produce a final...

The following appendices have been prepared by a team of subject-matter experts at theSchool of Public Policy at George Mason University (GMU) under a contract with thePostal Regulatory Commission (PRC).Section 702 of the Postal Enhancement and Accountability Act (PAEA) required thePostal...