The Federal Communications Commission recently implemented rules to promote “network neutrality.” This paper attempts to answer three questions concerning these rules: (1) What economic problem do the rules supposedly address? What does economic theory indicate about the risks of...

We analyze oligopolistic third-degree price discrimination relative to uniform pricing when markets are always covered. Pricing equilibria are critically determined by supply-side features such as the number of firms and their marginal cost differences. It follows that each firm's Lerner index...

This chapter reviews the law and economics literature on intellectual property law and price discrimination. We introduce legal scholars to the wide range of techniques used by intellectual property owners to practice price discrimination; in many cases the link between commercial practice and...

The third-degree price discrimination theory charges a lower price to a more elastic demand. This paper unveils an unpleasant result of such theory: the lower price comes with less quantity. This paper further reveals the true meaning of elasticity pricing