AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
RAND Journal of Economics articles from September 2005
An academic journal featuring articles on macroeconomics. Focuses on industrial organization, regulation, law and economics. Includes empirical and theoretical papers analyzing market behavior and public policy.
Set up an RSS feed
Create a link to this page
Copy and paste this link tag into your Web page or blog:
RAND Journal of Economics archives from September 2005
On the efficiency of competitive electricity markets with time-invariant retail prices.
September 22, 2005... Most customers in electricity markets do not face prices that change frequently to reflect changes in wholesale costs, known as real-time pricing (RTP). We show that not only does time-invariant pricing in competitive markets lead to prices and...
Torts, expertise, and authority: liability of physicians and managed care organizations.
September 22, 2005... We examine optimal individual and entity-level liability for negligence when expected accident costs depend on both the agent's level of expertise and the principal's level of authority. We consider these issues in the context of physician and...
Storability, market structure, and demand-shift incentives.
September 22, 2005... We consider a two-period model in which buyers can store a good by purchasing in advance of consumption so as to realize potential gains from intertemporal arbitrage. We find that storability introduces a kink in the aggregate period-1 demand....
Vertical integration in the presence of upstream competition.
September 22, 2005... We analyze vertical integration to compare outcomes under upstream competition and monopoly. This is done in a model based on the property rights approach to firm boundaries and where multilateral negotiations are modelled using a fully...
Bargaining, bundling, and clout: the portfolio effects of horizontal mergers.
September 22, 2005... We examine the output and profit effects of horizontal mergers between differentiated upstream firms in an intermediate-goods market served by a downstream monopolist. If the merged firm can bundle, transfer pricing is efficient before and...
Competitive planned obsolescence.
September 22, 2005... We provide a model of planned obsolescence in a competitive market. A feature of the model is that there are configurations where a firm cannot survive in the competitive market unless its product exhibits planned and known obsolescence. This...
Do exposure suits produce a "race to file"? An economic analysis of a tort for risk.
September 22, 2005... Conventional tort law does not allow exposure victims to seek compensation until they develop symptoms of illness. Because this may bar recovery if the injurer is judgment proof, some have advocated allowing victims to sue at exposure. However,...
Regulatory opportunism and investment behavior: evidence from the U.S. electric utility industry.
September 22, 2005... Large sunk costs and incomplete regulatory contracts in public utilities create the possibility of opportunistic behavior by either regulators or regulated firms. We present an empirical methodology for identifying opportunism within a...
Pollution markets with imperfectly observed emissions.
September 22, 2005... I study the advantages of pollution permit markets over uniform emission (or technology) standards when the regulator has incomplete information on firms' emissions and costs of production and abatement (e.g., air pollution in large cities)....
Mergers under entry.
September 22, 2005... I study merger incentives in a dynamic model under the presence of gradual entry. I consider a repeated game with merger decisions in every period and characterize the set of equilibria. I establish two properties: (i) a merger for monopoly may...
Market structure and entry: where's the beef?
September 22, 2005... We study the effects of market structure on entry using data from the U.K. fast food (counter-service burger) industry over the years 1991-1995, for which the market can be characterized as a duopoly. We use both reduced-form estimations and a...
Conspiracies and secret price discounts in the marketplace: evidence from field experiments.
September 22, 2005... We explore collusion by using the tools of experimental economics in a naturally occurring marketplace. We report that competitive price theory adequately organizes data in multilateral decentralized bargaining markets without conspiratorial...