Exclusionary practices are at the heart of abuses of dominance or monopolization. Predatory pricing is one of the most important exclusionary practices, because it lays the foundations of the most important foreclosure theories. Post-Chicago theories of predatory pricing are based on asymmetric...

A number of jurisdictions are considering imposing price caps on the interchange fees that card issuers receive from merchant acquirers when cardholders pay with their cards. Several have already done so. This paper examines the net impact of these price caps on consumers. The economics of...

Does openness contribute to convergence of countries to the US income level? Our statistical and econometric analysis concludes for an affirmative answer. Using data for 150 countries for 1970-2012 we conclude almost all cases fell in three groups of countries that experienced a significant...