By stepping back from the overambitious antitrust agenda currently applied to joint ventures, the courts can create the clarity needed to allow joint ventures to fulfill the promise recognized in Copperweldâ€â€Ã¢â‚¬Å“increasing a firm’s efficiency and...

We introduce a probabilistic framework for vulnerability analysis and use it to quantify current and future vulnerability of the US water supply system. We also determine the contributions of hydro-climatic and socio-economic drivers to the changes in projected vulnerability. For all scenarios...

We quantify the vulnerability of water supply to shortage for the Colorado River Basin and basins of the High Plains and California and assess the sensitivity of their water supply system to future changes in the statistical variability of supply and demand. We do so for current conditions and...

Hypothetical and actual cash willingness to pay (WTP) for an art print were elicited with dichotomous choice and open-ended question formats. Comparing hypothetical and actual dichotomous choice responses using both a likelihood ratio test and the method of convolutions suggests we reject...

From 1996 to 2005, the residential real estate industry witnessed the greatest run-up in prices ever seen. But to hear most residential real estate agents tell it, the boom passed them by.

Independent samples and paired responses of adults were used to test differences between hypothetical and actual willingness to pay (WTP) for an art print elicited using an open-ended WTP question. We attempted to overcome hypothesized reasons for divergences between cash and hypothetical WTP by...

In October, a group of academics filed a brief urging the U.S. Supreme Court to grant the petition for certiorari in <i>Pacific Bell v. linkLine</i>. In and of itself, this is not surprising. But the coalition of academics is uncommonly broad and the tone of the brief is quite strident. Although their...

The U.S. Federal Trade Commission and the U.S. Department of Justice have pushed an antitrust enforcement agenda designed to reform the industry. In 2005, the DOJ’s Antitrust Division sued the National Association of Realtors. The FTC followed suit in 2006 by issuing a series of...