Detectionofmonopoly

propertyrightstheory 22–23, 29, 349–351, 508, 510 prospecttheory 89 psychiccosts 423 publicgoods 475–476 publicownership 477, 478, 481–485 publicsector 63 purestrategies 362

quadraticcostfunctions 224–225, 263 qualitativedata 142 quantitativedata 142 Qwest 48

‘RPI X’Formula 489 Raiffa,H. 468 Railtrack 489 randomizingstrategy, see mixedstrategy Rao,V.R. 428 Rapaport,A. 381 rate-of-returnconstraints 486 rationality 8, 88 reactioncurve, see responsefunction Reaganomics 486 reciprocalfunctions, see inversefunctions referenceprices 424 regressioncoefficients 140, 145–146 regulation 477, 486–490, 509, 517–518 rent-seekingbehaviour 477 repeatedgames 337, 370–375 replacementofcapital 432 replacementcost 215 reputationeffects 356 resalepricemaintenance(RPM) 317, 507 research 433 residualcontrol 29–30 residualreturns 29–30 residualstandarderror, see standarderror ofestimate residuals 129, 133, 167 responsecurve, see responsefunction responsefunction 341, 342, 346, 351, 359 RestrictivePracticesActs 496 restrictivepracticespolicy 477, 480, 493–507 retainedearnings 447–448 breakpoint 460 returnstooutlay 196 returnstoscale 195–198, 227 revenuechurning, 192 revenuedestructioneffect 344 revenuemaximization 40 Rhys,G. 283 Ridley,M. 27 Riesz,P.C. 422, 429 risk 434, 440, 454–458

market 440, 443–445 stand-alone 440, 441–443 systematic 440, 447 anduncertainty 8, 35, 57–60, 63, 67 unsystematic 447 within-firm 440, 443 risk-adjustedcostofcapital(RACC) 458 riskanalysis 439–445 riskaversion 58 riskneutrality 58 risk-pooling 41 riskpremium 58 risk-seeking 58 Roberts,J. 27, 28, 29, 43, 330, 428 Robinson–PatmanAct(1936) 498 robustness 36, 128, 259 Roche 498 Roistacher,E.A. 121 Ross,D. 253 Rowe,D.A. 121 RoyalAhold 48 Ryanair 403–405

SAS 133 SPSS 133, 141, 145 Safeway 494 salesrevenuemaximization, see revenue maximization Saloner,G. 330 samplebias 126 sampleregressionline 157, 158 sampleregressionparameters 133 Sarbanes–OxleyAct 40, 516–518 satisficing 59, 63–64, 65, 68, 88 Sawyer,A. 423 scale 180 scattergraph 132 scenarioanalysis 454–455 Schelling,T.C. 28 Scherer,F.M. 253 Schuknecht,L., 192 scientifictheories 12–14 screening 40–41 Seabright,P. 283 searchcosts 25, 88, 476, 478 seasonalfactors 95, 398 second-orderconditions 419 secondarydata 131 secondhandcarmarket 38 SecuritiesandExchangeCommission (SEC) 44, 48, 49, 54, 516 securitymarketline(SML) 443–445 SelectiveandExclusiveDistribution(SED) system 502 self-interest 27–29 self-regulation 518