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Full-Text Articles in Law
Restricting Access To Books On The Internet: Some Unanticipated Effects Of Us Copyright Legislation, Paul A. David, Jared Rubin
Restricting Access To Books On The Internet: Some Unanticipated Effects Of Us Copyright Legislation, Paul A. David, Jared Rubin
Economics Faculty Articles and Research
It is today a commonplace observation that the technical possibilities of accessing enormous global resources of cultural and scientific information have been and are continuing to be greatly [...] One manifestation of the trend towards the strengthening of copyright protection that has been noticeable during the past two decades is the secular extension of the potential duration during which access to copyrightable materials remains legally restricted. Those restrictions carry clear implications for the current and prospective costs to readers seeking 'on-line' availability of the affected content in digital form, via the Internet. This paper undertakes to quantify one aspect of …
Experimental Gasoline Markets, Cary A. Deck, Bart J. Wilson
Experimental Gasoline Markets, Cary A. Deck, Bart J. Wilson
Economics Faculty Articles and Research
Zone pricing in wholesale gasoline markets is a contentious topic in the public policy debate. With a controlled laboratory experiment, we investigate the competitive effects of zone pricing on consumers, retail stations, and refiners vis-à-vis the proposed policy prescription of uniform wholesale pricing to retailers. We also examine the issue of divorcement and the “rockets and feathers” phenomenon. The former is the legal restriction that refiners and retailers cannot be vertically integrated, and the latter is the perception that retail gasoline prices rise faster than they fall in response to random walk movements in the world price for oil.