16 J.L. & Econ. [i] (1973)

handle is hein.journals/jlecono16 and id is 1 raw text is: The journal of
LAW d
ECONOMICS
VOLUME XVI (1)              APRIL     1973       PRICE $4.00
Industry Structure, Market Rivalry, and Public Policy
By HAROLD DEMSETZ ........         ................ 1
The Fable of the Bees: An Economic Investigation
By STEVEN N. S. CHEuNG . .....       .............. 11
Meade, Bees, and Externalities
By DAVID B. JOHNSON .....     ................            35
Meade on External Economies: Should the Beneficiaries Be Taxed?
By J. R. GOULD ......      ..................            53
Free Competition and the Optimal Amount of Fraud
By MICHAEL R. DARBY AND EDI KARNI ..   ..........          67
The Rates and Costs of the United States Postal Service
By GEORGE M. WATTLES .....       ...............          89
Innovation by an Exchange: A Case Study of the Development of the Plywood
Futures Contract
By RICHARD L. SANDOR .....      ...............         119
The Effect of Conglomerate Mergers on Competition
By LAWRENCE G. GOLDBERG ....      ..............          137
Bond Ratings, Bond Yields and Financial Regulation: Some Findings
By RICHARD R. WEST .....      ................           159
On the Incentive to Invent: A Clarificatory Note
By SHENG CHENG Hu .....       ................           169
The Noxious Influence of Authority: A Correction of Jevons' Charge
By N. B. DEMARCHI .....       ................           179
Why Regulate Utilities? To Control Price Discrimination
By ROLAND H. KOLLER HI ....       ..............          191
Cumulative Index Volumes XI (1968) through Volume XV (1972)
THE     UNIVERSITY             OF    CHICAGO          LAW      SCHOOL

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