Gridlock, leverage, and policy bundling

The Policy Gridlock on Global Warming

Climate change has become a staple of national and international politics. It is by far the most dramatic environmental issue yet to receive worldwide attention, as human activities pose unprecedented threats to the planet's environment. The threat has spawned widespread proposals for treaties, international institutions, and major new policies, many of draconian dimensions. Even British Prime ...

Commentary Breaking American Health Policy Gridlock

Commodity Bundling and the Leverage of Market Power

The modern literature on commodity bundling argues that a monopolist may use bundling to extend its monopoly power into an otherwise oligopolistic market by foreclosing entrants or excluding rivals. This approach is contrary to the Chicago critique of Posner and Bork, who defend bundling as irrelevant to such monopolization, being incapable of extending the “one monopoly rent.” However, this pa...

Bundling vertically differentiated communications services to leverage market power

Purpose – The purpose of this paper is to investigate whether and how bundling services may achieve leverage of market power from the telco’s home to a secondary service market (e.g. video broadcasting). Despite digital convergence, in many countries the former telco monopolist remains to hold significant market power in its home market for telecommunication services. Design/methodology/approac...

Policy-bundling and Religion: an Experimental Approach