Quantitative Techniques for Competition and Antitrust Analysis 3 docx
Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_1 docx
... to q 1 C q 2 D Q: 33 For the conditions required for existence of a solution to these nonlinear equations and hence for Nash equilibrium, see Novshek (1985) and Amir (1996). 34 In general, a system ... chapter 3. 1 .3 Competitive Environments: Perfect Competition, Oligopoly, and Monopoly In a perfectly competitive environment, market prices and output are determined by th...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_2 pptx
... (0.0 03) — log.P Budweiser / 0. 936 0 .37 2 0.2 43 0.150 — (0.041) (0. 231 ) (0. 034 ) (0.018) — log.P Molson / 0 .37 2 0.804 0.1 83 0. 130 — (0. 231 ) (0. 031 ) (0.022) (0.012) — log.P Labatts / 0.2 43 0.1 83 0.588 ... b 2 x 2i C b 3 x 3i C e i : For given parameter values, the predicted value of y i for given estimates and values of .x 1i ;x 2i ;x 3i / is Oy i DOa C O b 1 x 1...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_3 pptx
... what can be achieved in an investigation) and reasonable empirical strategies for compensating for missing information and (2) there is variation in 126 3. Estimation of Cost Functions tiproduct ... price and quantity data alone it is impossible to empirically quantify the effect of an increase in prices on the quantity demanded and therefore to extract information such as the de...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_5 pdf
... marginal customers—those for whom store A and store B are pretty close substitutes for one another but before the price rise at A there was a small preference for going to A. On the other hand, the CC’s ... related thesis and analysis of popcorn prices is provided by Gil and Hartmann (2007). 4 .3. Natural Experiments 187 Orange North Haven New Haven Branford Milford I95 I95 I91...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_6 pdf
... information about demand and in particular the own-price elastic- 40 This section draws on Harris and Simons (1989) and also the working papers by O’Brien and Wickelgren (20 03) and by Katz and ... test for market def- inition. In doing so, Ivaldi and Lorincz obtain the same results for the competition policy market definition for low-end computer servers but the mid rang...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_8 pptx
... exited 1 Delta 281 43 28 15 .3 10.0 2 Eastern 257 33 36 12.8 14.0 3 United 231 36 10 15.6 4 .3 4 American 207 22 12 10.6 5.8 5 USAir 201 20 17 10.0 5.8 6 TWA 174 22 23 12.6 13. 2 7 Braniff 112 10 ... 9 .3 9 Republic 69 9 6 13. 0 8.7 10 Continental 62 9 5 14.5 8.1 11 Piedmont 61 14 2 23. 0 3. 3 12 Western 51 6 7 11.8 13. 7 13 Pan Am 45 1 1 2.2 2.2 14 Ozark 28 18 4 64 .3 14 .3 15...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_12 potx
... 37 6 36 4 75 1 03 301 30 3 150 180 30 1 299 75 96 0.5 451 427 90 120 36 1 34 9 181 206 36 1 34 3 90 108 0.6 564 521 1 13 144 451 419 226 245 451 410 1 13 127 0.7 752 678 150 185 602 534 30 1 ... 2; 2/ .3; 3/ .4; 2/ .5; 1/ 6 (Cartel) 1 28.88 63. 39 105 139 188.54 270.8 2 28.88 63. 39 105 77.6 48.99 3 28.88 63. 39 4 28.88 5 28.88 6 28.88 Industry profits 1 73...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_13 pot
... alternative functional form. For example, Berry et al. (1995) believe that the demand for a type of car will depend on a consumer’s level of income and work with the natural logarithm formulation, v j .y ... products (and as usual individuals) and has a standard type I extreme value density function: 39 f " J ." j / D expfexp." j / " j g: The resulting aggre...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_15 pptx
... 519 10.2.1 Informal and Semiformal Analysis of Incentives Informal quantitative analysis can sometimes be insightful for evaluating the incen- tive for foreclosure. An example of such an analysis ... 0.02 43 (0.0065) LA a October — — 0. 139 0 (0.0064) SD a February — — 0.0851 (0.0 036 ) SD a June — — 0. 030 4 (0.0 036 ) SD a October — — 0.0545 (0.0 036 ) Adjusted R 2 0 .37 72...
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Quantitative Techniques for Competition and Antitrust Analysis_1 pdf
... 3; 500/ D £420 million. Harberger triangles need not always be small. For Lara, Adrian, and Tristan For Sara This page intentionally left blank Quantitative Techniques for Competition and Antitrust ... since understanding these key elements of economic analysis is crucial for an appropriate use of quantitative techniques. 1.1 Demand Functions and Demand Elastici...
Ngày tải lên: 21/06/2014, 10:20