A dominant digital platform occupies something that behaves like a location: the place everyone on both sides of a market must pass through to reach each other. Three features make these positions ...
"The Historical Approach to Rent and Price Theory" is an article by economist Daniel H. Buchanan (not to be confused with the public-choice economist James M. Buchanan), published in Economica, New ...
We develop a model of investment with financial constraints and use it to investigate the relation between investment and Tobin's q. A firm is financed partly by insiders, who control its assets, and ...
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