Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés 3 pptx

... chapter 3. 1 .3 Competitive Environments: Perfect Competition, Oligopoly, and Monopoly In a perfectly competitive environment, market prices and output are determined by the interaction of demand and ... 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 (1...

Ngày tải lên: 21/06/2014, 14:20

... (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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... caused by movement in costs (which is in addition to any variation in prices explained by movements in the demand curve caused by the exogenous demand shifting variables X 2 ). Standard errors and ... 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 Fu...

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... produced by a different firm which respectively maximize 12 For a critique of the use of price correlation analysis, see, for example, Werden and Froeb (1993a). A response is provided by Sherwin (19 93) . 4.1. ... 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 I...

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... 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...

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... 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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... 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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... equiva- lent and we can impose a normalization on the model (or, more precisely, we must 36 See, for example, the canonical graduate textbook on industrial organization by Tirole (19 93) . 37 For a discussion ... products (and as usual individuals) and has a standard type I extreme value density function: 39 f " J ." j / D expfexp." j /  " j g: The resul...

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... 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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...  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