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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