Quantitative Techniques for Competition and Antitrust Analysis 9 pot
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 ( 198 5) and Amir ( 199 6). 34 In general, a ... expand production keeping output of each good in proportion. Source: Authors’rendition of a multiproduct cost function provided by Evans and Heckman ( 198 4a,b) and Bailey and Frie...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_2 pptx
... found in Fisher ( 198 0, 198 6) and Finkelstein and Levenbach ( 198 3). For more general econometrics texts, see, for example, Greene (2007) and Wooldridge (2007). And for an advanced and more technical ... “reduced-form” equations. Estimating a reduced form for market prices and quantities will require data on equilibrium prices and quantities in that market as dependen...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_3 pptx
... June 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 ( 199 9). The ... y it (see, for example, Imbens andAngrist 199 4; Angrist 2004). 41 Milyo and Waldfogel ( 199 9), for example, collected data on prices from liquor stores n...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_5 pdf
... prices of brands of still water (A–C), sparkling water (D–F), and soft drinks (G–I). ABCDEFGHI A1 B 0 .93 1 C 0 .91 0 .94 1 D 0 .91 0.85 0.86 1 E 0 .94 0 .97 0 .95 0 .92 1 F 0 .93 0 .99 0 .96 0.88 0 .99 1 G 0.11 ... which respectively maximize 12 For a critique of the use of price correlation analysis, see, for example, Werden and Froeb ( 199 3a). A response is provided by Sherwin (...
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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 ( 198 9) and also the working papers by O’Brien and Wickelgren (2003) and by Katz and ... used for market definition in a fashion not unrelated to the FERM test. To see why, we first recall the notion of a residual demand curve. First, following Landes and Posner ( 198 1)...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_8 pptx
... ( 199 2) to allow for firm heterogeneity and Mazzeo (2002) and Seim (2006) extended the analysis and estimation of entrygames to allow for product differentiation. Davis (2006c) allowed for some forms ... jurisdictions. 4 See, for example, the work by Sutton ( 199 1), Klepper ( 199 6), and Klepper and Simons (2000), and in the strategy literature see Markides and Gerosk...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_12 potx
... Choice 4 39 Date q sugar 199 2q1 199 5q3 199 9q1 2002q3 2006q1 2,000 2,200 2,400 2,600 2,800 Date P sugar 22 24 26 28 30 199 2q1 199 5q3 199 9q1 2002q3 2006q1 (a) (b) Figure 9. 1. Quantity and retail ... 82 .9 1 29 156 0.4 75.2 89. 8 150 171 0.5 90 .2 99 .4 180 192 0.6 112.8 113.8 226 224 0.7 150.4 137.8 301 276 0.8 225.6 186.0 451 382 0 .9 451.2 330.4 90 2 699 0...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_13 pot
... model imposes severe limitations on own- 446 9. Demand System Estimation 199 2q1 199 5q3 199 9q1 2002q3 2006q1 Date P Farm wage 4.2 4.4 4.6 4.8 5.0 5.2 Figure 9. 2. Farm wages plotted over time. At this ... model (see Banks et al. 199 7; Ryan and Wales 199 9). 13 In particular, it must be increasing in y, homogeneous in degree 0 in income and prices, and quasi- concave in income and...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_15 pptx
... Restraints 5 19 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 ... and Frech ( 198 5), Schwartz ( 198 7), Mathewson and Winter ( 198 7), Rasmusen et al. ( 199 1), Bernheim and Whinston ( 199 8), Segal and Whinston (2000), and...
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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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