This article provides a novel graphical exposition of the economic theory of regulation. In particular, we show--within a single graphical construct--a number of features that emerge from the theory. Through a variety of applications we are able to provide an improved understanding of many...

The FCC is currently considering whether it should adopt a uniform rate for pole attachment services for broadband services. Based on Ramsey pricing principles, we find that while historical differences in rates were sensible, technological convergence dictates that broadband providers should...

This paper provides an econometric analysis of the relationship between live and deceased (cadaveric) kidney donations for the United States for the period 1992:IV through 2006:II. Statistical analysis shows that increases in deceased donor transplants reduce future live donor grafts,...

Cars are expensive and most consumers know to shop dealers for the best prices. Yet, there is little to no empirical evidence on the price effects of intra-brand competition among different dealer franchises for the same automobile model. In this paper, using large samples of transactions for...

As detailed in this perspective, the view that state auto franchise laws are protectionist is inconsistent with the evidence and theory used to support the claim. Moreover, an economic model of car and service sales shows that franchise laws, by introducing an intermediary between the individual...