William Baumol and David Bradford’s 1970 article “Optimal Departures from Marginal Cost Pricing” is a cornerstone in the economics of public utility regulation. While it appeared in the American Economic Review as a work of formal economic theory—complete with equations and proofs—it also has clear significance for law & economics. Baumol and Bradford
Latest Post
More Posts
An Equilibrium-Adjustment Theory of Current Trends in Administrative Law
I, For One, Welcome Our New FTC Overlords
The FTC’s Noncompete Rule: Shouldn’t doesn’t mean can’t, but maybe it should
A Policy Statement Is Still Only Worth the Electrons Upon Which It Is Written
FTC Biweekly UMC Roundup – 88 mph Edition
FTC Biweekly UMC Roundup – Reform Dies in Committee Edition
FTC Biweekly Roundup – A Change in Title Edition
FTC UMC Roundup – Call for Submissions Edition
FTC UMC Roundup – Well That Happened Edition
Subscribe: Subscribe via RSS
Blogs
Firm/Org