Issue Information

• Date: 01 May 2016
• DOI: http://doi.org/10.1111/1756-2171.12106
• Published date: 01 May 2016

The RAND Journal

of Economics

VOL. 47, NO. 2

Summer ’16

TABLE OF CONTENTS

ARTICLES

239 The Formation of Financial Networks

ANA BABUS

273 Competition in the Presence of Individual

Demand Uncertainty

MARC M ¨

OLLER and MAKOTO WATANABE

293 Explaining Adoption and Use of Payment

Instruments by US Consumers

SERGEI KOULAYEV, MARC RYSMAN,

SCOTT SCHUH and JOANNA STAVINS

326 Welfare-Increasing Third-Degree Price

Discrimination

SIMON COWAN

341 Spinoffs and Clustering

RUSSELL GOLMAN and STEVEN KLEPPER

366 Measuring Consumer Switching Costs in the

Television Industry

OLEKSANDR SHCHERBAKOV

394 An Empirical Study of Observational Learning

PETER W. NEWBERRY

433 The Road not Taken: Competition and the

R&D Portfolio

IGOR LETINA