Microeconomics: Regulation
Aerial Predators? (6/22/2001)
Are major airlines that temporarily lower their fares to squeeze out their low-fare niche-market startup competitors guilty of predatory pricing?
Are major airlines that temporarily lower their fares to squeeze out their low-fare niche-market startup competitors guilty of predatory pricing?
Bundle of Sorrows (6/22/2006)
Merger between firms making complementary components might be anti-competitive if the merged company can price their bundled products lower than the independent component makers.
Merger between firms making complementary components might be anti-competitive if the merged company can price their bundled products lower than the independent component makers.
Cost-efficient pollution control (11/2/2011)
Pollution tax could lead to lower-cost pollution reduction than a uniform pollution reduction quota.
Pollution tax could lead to lower-cost pollution reduction than a uniform pollution reduction quota.
Flying in the Red (9/3/2005)
Airlines deregulation has allowed more competitive discounters to grow at the expense of high-cost traditional hub-and-spokes airlines. But instead of exiting the market, the unprofitable traditional airlines hang on for dear life.
Airlines deregulation has allowed more competitive discounters to grow at the expense of high-cost traditional hub-and-spokes airlines. But instead of exiting the market, the unprofitable traditional airlines hang on for dear life.
Generating ATC and MC of natural monopoly (6/30/2006)
High fixed cost and low marginal cost means that marginal cost is always below average total cost given the market demand.
High fixed cost and low marginal cost means that marginal cost is always below average total cost given the market demand.
Licensed to Kill? (1/15/2005)
One-size-fits-all occupational licensing often makes entry difficult for the less educated and basic services too expensive for low-income consumers.
One-size-fits-all occupational licensing often makes entry difficult for the less educated and basic services too expensive for low-income consumers.
Market Intervention and Regulation (7/7/2006)
Market regulation may be justified under some circumstances to increase economic efficiency.
Market regulation may be justified under some circumstances to increase economic efficiency.
Regulation vs price discrimination under natural monopoly (6/30/2006)
Even if ATC is entirely above the demand curve where not even a single-pricing monopoly would want to produce, price discrimination could still ensure profit for the natural monopoly without any government regulation.
Even if ATC is entirely above the demand curve where not even a single-pricing monopoly would want to produce, price discrimination could still ensure profit for the natural monopoly without any government regulation.
Regulation vs price discrimination under natural monopoly (notes) (3/27/2007)
Notes on regulation vs price discrimination under natural monopoly.
Notes on regulation vs price discrimination under natural monopoly.
Riskless Insurance (2/27/2007)
Regulatory protection has led to legal price fixing in the title insurance oligopoly at the expense of home buyers.
Regulatory protection has led to legal price fixing in the title insurance oligopoly at the expense of home buyers.
Strange Bedfellows! (6/22/2001)
Government regulation might protect the tobacco industry from ruinous lawsuits.
Government regulation might protect the tobacco industry from ruinous lawsuits.
The Orphan Chase (1/16/2006)
Orphan drugs are profitable because of third-party health insurance and favorable regulatory oversight.
Orphan drugs are profitable because of third-party health insurance and favorable regulatory oversight.
The Trustbusters' New Tools (8/31/1999)
Econometric analysis of store checkout scanners' data can directly predict whether a proposed merger will raise prices.
Econometric analysis of store checkout scanners' data can directly predict whether a proposed merger will raise prices.
Too Much Vitamin C? (6/22/2006)
Legacy habit of central planning has led to antitrust charges against Chinese vitamin C oligopoly.
Legacy habit of central planning has led to antitrust charges against Chinese vitamin C oligopoly.
