In this paper, a dynamic network DEA model is developed to evaluate the potential gains in final output from a merger of two firms. The two firms are allowed to have different production technologies or share a common technology. In a beginning period each firm uses period specific inputs to produce a final output and an intermediate output that becomes an input in the production of final outpu...

The standard economic model of efficient competitive markets relies on the ability of sellers to charge prices that vary as their costs change. Yet, there is no restructured electricity market in which most retail customers can be charged realtime prices (RTP), prices that can change as frequently as wholesale costs. We analyze the impact of having some share of customers on time-invariant pric...

This paper examines the welfare effects of third degree price discrimination by an intermediate good monopolist selling to downstream firms with bargaining power. One of the downstream firms (the “chain store”) may have a greater ability than rivals to integrate backward into the supply of the input. In addition to this outside option, the firms’ relative bargaining powers depend on their disag...

The content of this paper is based solely on the original study reported in Abe and Watanabe (2012a) in which the authors develop a structured and innovative theory of optimal resource allocation and prestige maximization for an institution of higher education. Although the study provides a sound diagnostic framework and unambiguous results, the paper requires relatively advanced knowledge of m...