Latest Articles
Marginal Revenue under Single-pricing - Price Searchers vs Price Takers (11/17/2007)
Single pricing leads to P = MR under price taking or P > MR under price searching.
Single pricing leads to P = MR under price taking or P > MR under price searching.
Marginal Revenue of Perfect Price Discriminators (11/17/2007)
The marginal revenue of perfect price discriminators is equal to price.
The marginal revenue of perfect price discriminators is equal to price.
Negotiation cost (10/12/2007)
High negotiation cost may block the achievement of efficient adverse impact.
High negotiation cost may block the achievement of efficient adverse impact.
Efficient right assignment (10/12/2007)
The achievement of efficient level of adverse impact may depend on efficient right assignment in the face of high negotiation cost.
The achievement of efficient level of adverse impact may depend on efficient right assignment in the face of high negotiation cost.
Impactee has right (10/12/2007)
When the impactee has the right to zero adverse impact, zero adverse impact is usually not the end result.
When the impactee has the right to zero adverse impact, zero adverse impact is usually not the end result.
Impactor has right (10/12/2007)
The right to generate adverse impact means that the impactor does not have to compensate the impactee for harm done.
The right to generate adverse impact means that the impactor does not have to compensate the impactee for harm done.
