In this perspective, we present an economic model of how to design sensibly a market-based repurposing using the concept of an expiring “transaction window.” Specifically, we consider a two-stage process whereby incumbent licensees are first granted a fixed period of time to sell, acquire,...

Estimation of the employment effects of changes in capital investment is a standard tool in public policy debates. Typically, such predictions are based on employment multipliers derived from Input–Output analysis. In this paper, we measure the employment effects of changes in capital...

A regulatory policy known as imputation has been recommended and applied in situations where a regulated firm with monopoly power over an essential input faces the threat of entry in one or more of its downstream markets. This policy generally imposes a price floor on the regulated firm's...