Quantitative Techniques for Competition and Antitrust Analysis 6 docx
Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_1 docx
... result from a brand’s image. Suppose we face a market with two differentiated goods and the following linear demand system: Demand for good 1: q 1 D a 1 b 11 p 1 C b 12 p 2 ; Demand for good 2: ... products and can be shared. For instance, once the reputation embodied in a brand name has been built, it can be cheaper for a firm to launch other successful products under that same...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_2 pptx
... matrix expression 2 6 6 6 6 4 y 1 y 2 : : : y n 3 7 7 7 7 5 D 2 6 6 6 6 4 1x 11 x 21 x 31 1x 12 x 22 x 32 : : : : : : : : : : : : 1x 1n x 2n x 3n 3 7 7 7 7 5 2 6 6 6 4 a b 1 b 2 b 3 3 7 7 7 5 C 2 6 6 6 6 4 e 1 e 2 : : : e n 3 7 7 7 7 5 D 2 6 6 6 6 4 x 0 1 x 0 2 : : : x 0 n 3 7 7 7 7 5 ˇ C 2 6 6 6 6 4 e 1 e 2 : : : e n 3 7 7 7 7 5 ; 66 2. Econometrics ... so, simply st...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_3 pptx
... 95) Jul 95 Apr 95 Oct 95 Feb 96 May 96 Au g 96 Dec 96 Mar 97 Jun 97 Sep 97 MA RI + Figure 2.9. Time effects in Rhode Island and Massachusetts (log price). Source: Milyo and Waldfogel (1999). The ... what can be achieved in an investigation) and reasonable empirical strategies for compensating for missing information and (2) there is variation in 1 26 3. Estimation of Cost Fu...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_5 pdf
... Percent percent percent Yes 445 16. 6 16. 6 16. 6 No 1,751 65 .5 65 .5 82.1 Do not know 388 14.5 14.5 96. 6 No answer 90 3.4 3.4 100.0 Total: 2 ,67 4 100.0 100.0 — Source: Ryanair and Aer Lingus proposed concentration, ... due the lower price at cinemas 1 and 2 were probably 4.2. Price Level Differences and Price Correlations 179 −4 −2 0 2 4 6 8 10 12 14 16 0 20 40 60 80 100 120...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_6 pdf
... section draws on Harris and Simons (1989) and also the working papers by O’Brien and Wickelgren (2003) and by Katz and Shapiro (2003). 4 .6. Measuring Pricing Constraints 201 4 .6 Measuring Pricing ... demand curve. First, following Landes and Posner (1981) and Scheffman and Spiller (1987) consider the dominant-firm model. In that model, the dominant firm faced a mar- ket deman...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_8 pptx
... to allow for firm heterogeneity and Mazzeo (2002) and Seim (20 06) extended the analysis and estimation of entrygames to allow for product differentiation. Davis (2006c) allowed for some forms of ... jurisdictions. 4 See, for example, the work by Sutton (1991), Klepper (19 96) , and Klepper and Simons (2000), and in the strategy literature see Markides and Geroski (2005...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_12 potx
... equations can then be written as 2 6 6 6 6 6 6 6 4 q 1 : : : q k : : : q J 3 7 7 7 7 7 7 7 5 D 2 6 6 6 6 6 6 6 4 a 1 : : : a k : : : a J 3 7 7 7 7 7 7 7 5 C 2 6 6 6 6 6 6 6 4 b 11 b 1j b 1J : : : : : : : : : b k1 ... 87 0.4 3 76 364 75 103 301 303 150 180 301 299 75 96 0.5 451 427 90 120 361 349 181 2 06 361 343 90 108 0 .6 564 521 113 1...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_13 pot
... elasticity of segment demand is 2 :6 for premium beer, 2:7 for popular beer, and 2:4 for light beer. These price elasticities could be used as important evidence toward a formal test of the hypothesis ... discussion of this and other demand forms in the context of merger simulation, see Werden and Froeb (2005). 462 9. Demand System Estimation Symmetry imposes the restrictions...
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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 ... fixed effects: Numerator DF: 66 8 Denominator DF: 1999 F value: 3. 262 Prob. >F: 0.000 Hausman test for random effects: Hausman’s M value: 62 2.2 96 Prob. >M: 0.000 a Stan...
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Quantitative Techniques for Competition and Antitrust Analysis_1 pdf
... small. For Lara, Adrian, and Tristan For Sara This page intentionally left blank Quantitative Techniques for Competition and Antitrust Analysis 8 1. The Determinants of Market Outcomes Demand at ... since understanding these key elements of economic analysis is crucial for an appropriate use of quantitative techniques. 1.1 Demand Functions and Demand Elasticities...
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