The Telecommunications Act of 1996 sought to end the monopoly that once existed in the telecommunications industry. Since its adoption, the telecommunications industry has been undergoing a period of rapid change and development. The entry of new players into the market encouraged them to seek new ways to attract and keep customers. These changes have led to a rapid influx of new technology and...

We consider a heretofore unexplored explanation for why platforms, such as Internet service providers, might impose download limits on content consumers: doing so increases the degree to which those consumers view content providers’ products as substitutes. This, in turn, intensifies the competition among providers, generating greater surplus for consumers. A platform, in turn, can capture this...

This paper analyzes the welfare effects of monopoly differential pricing in the important but largely neglected case where marginal costs of service differ across consumer groups. Compared to uniform pricing, cost-based differential pricing generally raises total welfare. Although total output may fall or even its allocation across consumer groups may worsen, under a minor demand curvature cond...

In August this year the Financial Times reported that Wolters Kluwer ( [http://www.wolters-kluwer.com/] ), the Dutch publisher, was considering a bid for Harcourt General ( [http://www.harcourt.com/] ), the US textbook producer [1]. Wolters Kluwer is the third largest commercial professional publisher in the world with a 1998 revenue of over US$2,380 million [2]. Harcourt is sixth largest with ...