Commission Actions

Many economic studies find market concentration positively related to profits. The findings may be explained either by oligopoly behavior or by greater efficiency of firms with large market shares...

An analytical model is employed to investigate competitive markets characterized by asymmetric consumer information as to product quality. Support is found for Leland's conclusion [1979] that a...

Regulators often confront the question of whether they should allow a regulated firm to vertically integrate. The relevant policy concerns are whether the downstream price will rise from the vertical...