Forbes contributors publish independent expert analyses and insights. I write on fiscal and economic policy. Over at Slate, Matt Yglesias warns governments that profit-maximizing prices for ...

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 ...

Many economists teach that joint profit maximization leads to a determinate quantity and indeterminate price of the intermediate good traded. Using isoprofit curves, the Truetts argue that only one ...

In this paper we argue that the welfare loss from monopoly equals deadweight loss plus expenditures by monopolists to defend and antitrust enforcers to attack their monopolies. A model of a ...