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AN APPRAISAL OF MODEL BUILDING IN INDUSTRIAL ORGANIZATION&J. A. Henning and H. M. Mann 1

REGULATION OF MULTIPRODUCT ENTERPRISES BY RATE OF RETURN, MARKUP, AND OPERATING RATIO&Ronald R. Braeutigam 15

PIGOU ON COMPLEX CONTRACTS AND WELFARE ECONOMICS&Victor P. Goldberg 39

RENT SEEKING AND WELFARE LOSS&Edward M. Rice and Thomas S. Ulen 53

GAMES OF BREACH AND THE ROLE OF CONTRACT LAW IN PROTECTING THE EXPECTATION INTEREST&Janet Landa and Bernard Grofman 67

COMPETITION FOR PATENT MONOPOLIES&Roger L. Beck 91

PROPERTY RIGHTS AND ECONOMIC BEHAVIOR IN PRIVATE AND GOVERNMENT ENTERPRISES: THE CASE OF AUSTRALIA’S BANKING SYSTEM&David G. Davies 111

PROPERTY RIGHTS AND THE EFFICIENT DEVELOPMENT OF MINERALS ON THE OCEAN FLOOR&I. G. Bulkley 143

PROPERTY RIGHTS AND COMPETITION IN HEALTH INSURANCE: MULTIPLE OBJECTIVES FOR NONPROFIT&FIRMS&H. E. Frech III and Paul B. Ginsburg 155

A COST-BENEFIT MODEL OF CRIMINAL COURTS&Eli M. Noam 173

REFLECTIONS ON OPTIMAL PUNISHMENT OR: SHOULD THE RICH PAY HIGHER FINES?&David D. Friedman 185

AFFIRMATIVE ACTION IN MEDICAL SCHOOLS: ECONOMETRIC EVIDENCE AND LEGAL DOCTRINE&Alan L. Olmstead and Steven M. Sheffrin 207

SHORTER ARTICLES 227

A NOTE ON THE ECONOMIC IMPACT FROM THE FINANCED CAPITALIST PLAN&James A. Buss and William E. Buss 227

A NOTE ON MEASURING THE EXTENT OF COMPETITION IN THE PHYSICIANS’ SERVICES MARKET: AN ALTERNATIVE APPROACH&Douglas A. Conrad and Carolyn A. Watts 241

A NOTE ON THE QUALITY OF LEGAL SERVICES: PEER REVIEW AND DISCIPLINARY SERVICE&Sidney L. Carroll and Robert J. Gaston 251

INDEX 261