Log-in to bookmark & organize content - it's free! A panel discussion was held on the work of philosopher and economist F.A. Hayek. Here Professor Richard Epstein discusses Hayek's view of government ...

Learn how discriminating monopolies charge different consumer prices, maximize profit through pricing strategies, and explore examples illustrating their market impact.

Empirical evidence is scarce on whether firms set profit-maximizing prices, as these typically depend delicately on details of difficult-to-observe strategic interactions. To avoid this problem, this ...