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The Case for Unlicensed Spectrum
Demand for wireless data communication has risen rapidly in the past few years, raising important policy questions about how to allocate radio spectrum for this purpose. Historically, the USExpand
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Packaging and Costly Consumer Search
Firms such as hotels, banks, and telecommunication operators offer packages of a base good and services. This paper asks why firms include services in a package ('packaging') and which services areExpand
Optimal Payment Cards Fees
Credit card rebates, which are paid to all credit card users regardless of borrowing, have grown substantially. This paper analyzes this phenomenon by comparing the socially and privately optimalExpand
Optimal Payment Cards' Fees: A Credit-Debit Comparison
Credit card rebates, which are paid to all credit card users regardless of borrowing, have grown substantially. This paper analyzes the optimal interchange fees in credit cards relative to theExpand
Packaging of services with base goods
Loyalty discounts, exclusive dealing and bundling: rule of reason, quasi-per-se, price-cost test, or something in between?
The article reviews loyalty rebates, target rebates, exclusive dealing, and bundling, and argues that these are analogous practices that deserve similar competitive analyses and rules. In particular,Expand
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How Loyalty Discounts Can Perversely Discourage Discounting: Comment
The academic literature on loyalty discounts and exclusive dealing demonstrates that the welfare effects of these practices are ambiguous and that market details determine the direction of theExpand
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Packaging, Selection, and Correlated Firm Behavior
Many firms do not charge separately for services such as delivery, parking, and acceptance of payment cards (‘packaging’). I show that for a range of service costs, multiple equilibria arise and eachExpand