Flow through refers to the effect of a change in incremental production costs on the prices of goods or services, and is a topic of great interest to regulators and others. This article provides a framework for both analyzing flow through, and for evaluating whether or not flow through, properly...

This extraordinary book provides a critical review of the work of Nicholas Georgesçu-Roegen in conventional economics, environmental economics and methodology. Particular attention is paid to the role of thermodynamics in Georgesçu-Roegen's economics

In this article, we calculate how many lives will be lost if the United States continues to prohibit the use of financial incentives to motivate organ donation. We do this to motivate policymakers to stop implementing alternative policy proposals that have little effect on the supply of organs...

This article provides an empirical evaluation of a recent and important exercise in regulatory price setting in the United States. The 1996 Telecommunications Act required incumbent local phone companies to sell components of their network to rival firms at regulated prices, and the prices for...

When the facilities of an incumbent monopolist are made available to potential competitors through some type if "essential facilities" or related claim, a common concern is that the ability to "buy" inputs substantially attenuates the incentive to "make" inputs. In this paper, we evaluated both...

The Telecommunications Act of 1996 reduced restrictions oin the cable TV industry, providing completely deregulated rates in March 1999. In this paper, we develop a simple tradeoff between price and quality in order to calculate the welfare tradeoff to consumers of the provision of one...