April 01, 2010
NFC and the Trough of Disillusionment
The announcement by the GSMA and its partners of another NFC demonstration pilot highlights how Near Field Communication is caught in the “trough of disillusionment.” Commerce innovators shouldn’t despair, the...
April 01, 2010
A Behavioral Model of Rational Choice
Cecilia Chaing, Lindsay McSweeney, Apr 01, 2010 A Behavioral Model of Rational Choice is reprinted here as it was published in 1955. In this paper, Simon writes that “the distance...
April 01, 2010
Clarifying the Scope of Judicial Review in Competition Inquiries: The...
Antonio Bavasso, Mark Friend, Apr 01, 2010 While early reports suggest that 2009 may well prove to be a good vintage for winemakers in Bordeaux, the same cannot unfortunately be...
April 01, 2010
Behavioral Economics and Merger Analysis
Alison Oldale, Apr 01, 2010 The papers in this volume by Eliana Garcés, and Matthew Bennett, John Fingleton, Amelia Fletcher, Liz Hurley & David Ruck provide a very clear overview...
April 01, 2010
Behavioral Economics, Consumer Protection, and Antitrust
Michael Salinger, Apr 01, 2010 In both consumer protection and antitrust, the use of standard economic analysis has generally been to limit the scope of government intervention. The interest in...
April 01, 2010
Consumer Protection in Markets with Advice
Roman Inderst, Marco Ottaviani, Apr 01, 2010 Economists have long been interested in the performance of markets with imperfect information—and in the role of intermediation services in bridging the information...
April 01, 2010
Behavioral Economics as Applied to Firms: A Primer
Mark Armstrong, Steffen Huck, Apr 01, 2010 We discuss the literatures on behavioral economics, bounded rationality, and experimental economics as they apply to firm behavior in markets. Topics discussed include...
April 01, 2010
From the Editor
CPI’s Spring 2010 issue takes a comprehensive look at behavioral economics and its implications, if any, for the practice of competition policy. On behalf of CPI’s readers and its editorial...
March 30, 2010
It’s Time to Take the Thumb Off of Consumer and...
Revitalizing credit, creating jobs, and stimulating the U.S. economy was the subject of a panel that I participated in last week at the U.S. Chamber of Commerce’s Capital Markets Summit....