An attempt to develop a theory of the monopoly firm seeking to maximize profit, but which is subject to a constraint on its rate of return. This model is then applied to the domestic telephone and telegraph industry.
Economist; Professor, Pardee RAND Graduate School; Quality Assurance Manager, RAND Social and Economic Well-Being Division
Education Ph.D. in economics, University of California, San Diego; B.S. in economics, Purdue University
Education Ph.D. in law, University of Warwick; L.L.M. in corporate governance and financial regulation, University of Warwick; M.P.P. in economic policy, Lee Kuan Yew School of Public Policy, National University of Singapore; B.A. (Honors) in international relations, University of Pretoria