Spring 1980 Table of Contents

Volume 11, No. 1

Partha Dasgupta and Joseph Stiglitz
Uncertainty, Industrial Structure, and the Speed of R&D
Seha M. Tinic and Richard R. West
The Securities Industry under Negotiated Brokerage Commissions: Changes in the Structure and Performance of New York Stock Exchange Member Firms
Sanford J. Grossman and Oliver D. Hart
Takeover Bids, the Free-Rider Problem, and the Theory of the Corporation
Dennis W. Carlton, William M. Landes, and Richard A. Posner
Benefits and Costs of Airline Mergers: A Case Study
Brian D. Wright
The Cost of Tax-Induced Energy Conservation
Charles Wilson
The Nature of Equilibrium in Markets with Adverse Selection
Dennis J. Aigner and Jerry A. Hausman
Correcting for Truncation Bias in the Analysis of Experiments in Time-of-Day Pricing of Electricity
John Rowse
Intertemporal Pricing and Investment for Electric Power Supply
Douglas W. Caves, Laurits R. Christensen, and Joseph A. Swanson
Productivity in U.S. Railroads, 1951-1974
Ronald R. Braeutigam
An Analysis of Fully Distributed Cost Pricing in Regulated Industries
James G. MacKinnon and Nancy D. Olewiler
Disequilibrium Estimation of the Demand for Copper
Eduardo M. Modiano and Jeremy F. Shapiro
A Dynamic Optimization Model of Depletable Resources
W.J. Lane
Product Differentiation in a Market with Endogenous Sequential Entry
Patricia Munch and Dennis E. Smallwood
Solvency Regulation in the Property-Liability Insurance Industry: Empirical Evidence
Paul Sommers
The Adoption of Nuclear Power Generation
Tracy R. Lewis
Bonus and Penalties in Incentive Contracting
Martin L. Weitzman
The "Ratchet Principle" and Performance Incentives
Michael Parti and Cynthia Parti
The Total and Appliance-Specific Conditional Demand for Electricity in the Household Sector
David Levhari and Leonard J. Mirman
The Great Fish War: An Example Using a Dynamic Cournot-Nash Solution
Donald A. Hanson
Increasing Extraction Costs and Resource Prices: Some Further Results
Richard O. Zerbe, Jr.
The Costs and Benefits of Early Regulation of the Railroads
Janusz A. Ordover and John C. Panzar
On the Nonexistence of Pareto Superior Outlay Schedules
James S. Ang and Jess H. Chua
Coalitions, the Me-First Rule, and the Liquidation Decision
David Sappington
Strategic Firm Behavior under a Dynamic Regulatory Adjustment Process
Dermot Gately
Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables: Comment
Paul L. Joskow
America's Many Energy Futures - A Review of Energy Future, Energy: The Next Twenty Years, and Energy in America's Future