The purpose of reform is to reduce distortions in the economic system and enhance efficiency. However, along with incremental partial reforms, local governments or individuals often have the chance to capture the rent inherent in the gradual transition process. Young (2000) warned that this rent-seeking behavior might lead to increasing market fragmentation. Empirical studies have shown the opp...

Transverse vibrations can induce the non-linear compression of a thin film air to levitate objects, via squeeze effect. This phenomenon is well captured by Reynolds' lubrication theory, however, same theory fails describe this levitation when fluid incompressible. In case, computation predicts no steady-state levitation, contradicting documented experimental evidence. letter, we uncover main so...

We study squalane and heptamethylnonane (HMN) confined between a conducting atomic force microscope tip and a graphite surface. Solvation layering occurs for both liquids but marked differences in the squeeze out mechanics are observed for ordered or disordered monolayers. The squalane monolayer at 25 degrees C is an ordered solid, as verified by direct imaging, and the squeeze out can be model...

Should a “price squeeze” constitute anticompetitive conduct requiring investigation under the antitrust laws? A price squeeze occurs when a vertically integrated firm supplies an input to its downstream competitors at a price that generates a profit margin so low that the competitors exit the downstream market. I ask whether it is sensible to try to use antitrust laws to prevent such conduct or...