Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés 1 docx

... equilibrium q 1 D 1 2 .1  q 2 / D 1 2 .1  1 2 .1  q 1 // D 1 2 . 1 2 C 1 2 q 1 / D 1 4 C 1 4 q 1 ; so that the equilibrium output for firm 1 is 3 4 q NE 1 D 1 4 H) q NE 1 D 1 3 : 1. 2. Technological Determinants ... equilibrium 1 1 0 q 1 q 1 m q 2 (i) (iii) (ii) (iv) Figure 1. 14. Reaction functions in the Cournot model. (i) R 1 .q 2 /W q...

Ngày tải lên: 21/06/2014, 14:20

... 4.277 4.2 01 4.6 41 Price elasticity (0 .11 3) (0 .15 2) (0.245) (0 .14 7) (0.203) ˙ D 8 ˆ ˆ < ˆ ˆ : 0:000359 1: 436  10 5 0:00 015 8 2:402  10 5 0:00 010 9 6:246  10 5 1: 847  10 5 0:005487 ... 0 .15 0 — (0.0 41) (0.2 31) (0.034) (0. 018 ) — log.P Molson / 0.372 0.804 0 .18 3 0 .13 0 — (0.2 31) (0.0 31) (0.022) (0. 012 ) — log.P Labatts / 0.243 0 .18 3 0.588 0.0...

Ngày tải lên: 21/06/2014, 14:20

... the United Kingdom of data from 19 92, September 16 , 19 92 would stand out because for one day interest rates went up from 10 to 12 % (and were announced to go up to 15 %) as the government attempted ... y it (see, for example, Imbens andAngrist 19 94; Angrist 2004). 41 Milyo and Waldfogel (19 99), for example, collected data on prices from liquor stores near the border of...

Ngày tải lên: 21/06/2014, 14:20

... as p NE 1 p NE 2 D Â 4b 11 b 22 4b 11 b 22  b 12 b 21 ÃÂ c 1 2 C a 1 2b 11 C b 12 4b 11 Â c 2 C a 2 b 22 ÃÃ ÄÂ 4b 11 b 22 4b 11 b 22  b 12 b 21 ÃÂ c 2 2 C a 2 2b 22 C b 21 4b 22 Â c 1 C a 1 b 11 ÃÃ D Â c 1 2 C a 1 2b 11 C b 12 4b 11 Â c 2 C a 2 b 22 ÃÃ Â c 2 2 C a 2 2b 22 C b 21 4b 22 Â c 1 C a 1 b 11 ÃÃ ‹ D ... were respectively p NE...

Ngày tải lên: 21/06/2014, 14:20

... prices p 2 =p 1 11 Profitability calculation: p 1  c 1 p1 ‹ 6 1 Á 11 .p 1 ;p 2 ;:::;p J / C p 2  c 2 p 2 p 2 p 1 DR 12 ; 0 :1 6 1 2 C 0:2  1  0:29 D 0:56 p 2  c 2 p1 ‹ 6 1 Á 22 .p 1 ;p 2 ;:::;p J / C p 1  ... chosenby firm 1. 45 Substituting these equations intothe demand function for product 1 gives the “residual demand function” for product 1: ln q...

Ngày tải lên: 21/06/2014, 14:20

... 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 Texas Int’l 27 3 6 11 .1 22.2 Source: ... 10 .0 2 Eastern 257 33 36 12 .8 14 .0 3 United 2 31 36 10 15 .6 4.3 4 American 207 22 12 10 .6 5.8 5 USAir 2 01 20 17 10 .0 5.8 6 TWA 17 4 22 23 12...

Ngày tải lên: 21/06/2014, 14:20

... 75 10 3 3 01 303 15 0 18 0 3 01  299 75 96 0.5 4 51  427 90 12 0 3 61  349 18 1 206 3 61  343 90 10 8 0.6 564  5 21 113 14 4 4 51  419 226 245 4 51  410 11 3 12 7 0.7 752  678 15 0 18 5 602  534 3 01 310 ... 45 .1 70.5 90 12 8 0 .1 50 .1 73.7 10 0 13 6 0.2 56.4 77.7 11 3 14 4 0.3 64.4 82.9 12 9 15 6 0.4 75.2 89.8 15 0 17 1 0.5 90.2 99.4 18 0 19 2 0...

Ngày tải lên: 21/06/2014, 14:20

... 3. 41 0.00 [0.43 0 .11 ] Quarter 1 0 .10 0. 01 9.23 0.00 [0 .12 0.08] Quarter 2 0. 01 0. 01 1. 99 0.05 [0.02 0.00] Quarter 3 0. 01 0.00 3. 71 0.00 [0. 01 0.02] Constant 8.69 0.25 34. 71 0.00 [8 .19 ... symmetry is satisfied: Á 12 D @ ln Q 1 @ ln P 2 D @Q 1 @P 2 P 2 Q 1 D P 2 Q 1 b 12 ; Á 21 D @ ln Q 2 @ ln P 1 D @Q 2 @P 1 P 1 Q 2 D P 1 Q 2 b 21 ; so t...

Ngày tải lên: 21/06/2014, 14:20

... court 0.00 21 0.0053 (0. 014 5) (0. 017 9) Tenth Circuit 0.0 014 0. 011 4 (0. 014 5) (0. 018 0) Sixth Circuit 0.00 61 0.0862 (0. 014 5) (0.0990) Constant 0.00 01 0.00 01 (0.0007) (0.0 011 ) R 2 0 .11 0.09 Observations ... Restraints 519 10 .2 .1 Informal and Semiformal Analysis of Incentives Informal quantitative analysis can sometimes be insightful for evaluating the inc...

Ngày tải lên: 21/06/2014, 14:20

... since understanding these key elements of economic analysis is crucial for an appropriate use of quantitative techniques. 1. 1 Demand Functions and Demand Elasticities The analysis of demand is probably ... his work of 18 44. See the discussion in Hotelling (19 38). 1. 1. Demand Functions and Demand Elasticities 9 1. 1.2.3 Short Term versus Long Term Most demand functions are...

Ngày tải lên: 21/06/2014, 10:20