Latest Articles
One Road's Congestion Is Another Road's Revenue (12/21/2001)
Charging motorists for contributing to rush-hour congestion may be economists' dream of internalizing negative externality on toll roads but politicians' nightmare when competing highways are free.
Charging motorists for contributing to rush-hour congestion may be economists' dream of internalizing negative externality on toll roads but politicians' nightmare when competing highways are free.
Raiders of the Net (2/8/2005)
Controlling the distribution of products and the provision of after-sale service considerably reduce free riding of online shoppers on offline stores for product information.
Controlling the distribution of products and the provision of after-sale service considerably reduce free riding of online shoppers on offline stores for product information.
Right Makes Might (2/27/2001)
The right to transfer private property has led to windfall gain to right owners and better allocation of scarce resources, such as water and power.
The right to transfer private property has led to windfall gain to right owners and better allocation of scarce resources, such as water and power.
Shovelers Keepers? (6/7/2004)
Uncertain property rights will lead to either underinvestment or unnecessary disputes.
Uncertain property rights will lead to either underinvestment or unnecessary disputes.
Slippery Oil (9/7/2005)
Oil is a fungible world commodity that should be sourced where it is the cheapest and sold to the highest bidder regardless of national boundaries.
Oil is a fungible world commodity that should be sourced where it is the cheapest and sold to the highest bidder regardless of national boundaries.
Small is beautiful? (9/7/2005)
A supply shock might lead to a shift in demand rather than a marginal adjustment in purchasing decisions.
A supply shock might lead to a shift in demand rather than a marginal adjustment in purchasing decisions.
