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Keyword: Regulation

Flying in the Red (9/3/2005)

Airlines deregulation has allowed more competitive discounters to grow at the expense of high-cost traditional hub-and-spokes airlines. But instead of exiting the market, the unprofitable traditional airlines hang on for dear life.

Keywords: airfares, airlines, Chapter 11 bankruptcy, deregulation, discounter, leasing GE, market entry, market exit, regulation

Free-Market Solutions (7/10/2006)

Free-market solutions can minimize cost and rent dissipation of market interventions and regulation.

Keywords: cost, free market solutions, intervention, macro-stability, market, micro-flexibility, regulation, rent dissipation

Licensed to Kill? (1/15/2005)

One-size-fits-all occupational licensing often makes entry difficult for the less educated and basic services too expensive for low-income consumers.

Keywords: do-it-yourself service, electrocution, graded license, occupational licensing, regulation, service quality

Market Intervention and Regulation (7/7/2006)

Market regulation may be justified under some circumstances to increase economic efficiency.

Keywords: antitrust, asymmetric information, commons goods, cost effectiveness, intervention, lemons, market, pollution, prescription drugs, public goods, Regulation

Profit Maximization Under Natural Monopoly (1/23/2012)

Natural monopoly with decreasing average total cost can still make profit by equating marginal revenue with marginal cost while achieving economic efficiency through price discrimination.

Keywords: ATC, average total cost, marginal cost, marginal revenue, MC, MR, natural monopoly, price discrimination, profit maximization, regulation, single pricing, total revenue, total willingness to pay, TWP

Profit Maximization Under Natural Monopoly (transcript) (1/29/2012)

Natural monopoly with decreasing average total cost can still make profit by equating marginal revenue with marginal cost while achieving economic efficiency through price discrimination.

Keywords: ATC, average total cost, marginal cost, marginal revenue, MC, MR, natural monopoly, price discrimination, profit maximization, regulation, single pricing, total revenue, total willingness to pay, TWP

Riskless Insurance (2/27/2007)

Regulatory protection has led to legal price fixing in the title insurance oligopoly at the expense of home buyers.

Keywords: kickbacks, mortgage lenders, oligopoly, premium, price fixing, rebate, regulation, title insurance, title search

Strange Bedfellows! (6/22/2001)

Government regulation might protect the tobacco industry from ruinous lawsuits.

Keywords: cigarettes, discount cigarettes, FDA, Florida, Philip Morris, protection, regulation, tobacco industry, tobacco settlement

The Orphan Chase (1/16/2006)

Orphan drugs are profitable because of third-party health insurance and favorable regulatory oversight.

Keywords: charity, Gaucher disease, generic, Genzyme, orphan drug, price discrimination, regulation

The Sharing Economy (3/11/2014)

The peer-to-peer rental and sharing economy could lead to more efficient allocation of scarce resources and a cleaner economy.

Keywords: access, AirBnB, capital goods, Coase, insurance, liability, Lyft, ownership, peer-to-peer rental, regulation, RelayRides, shareable goods, sharing economy, transaction cost, Zipcar

Too Global To Be National? (6/18/2010)

US multinationals fatten their bottom lines by arbitraging wages, taxes, and regulations across countries.

Keywords: arbitrage, capital, intellectual property, profit, regulation, taxes, wages

Too Much Vitamin C? (6/22/2006)

Legacy habit of central planning has led to antitrust charges against Chinese vitamin C oligopoly.

Keywords: antitrust, cartel, price fixing, regulation, vitamin C