Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés 5 pdf

... 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: ... a firm does not matter for the value of the firm. Of course, most practitioners and academics believed and believe that the proportions of debt and equity do matter and so for fift...

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... 4.641 Price elasticity (0.113) (0. 152 ) (0.2 45) (0.147) (0.203) ˙ D 8 ˆ ˆ < ˆ ˆ : 0:000 359 1:436  10 5 0:000 158 2:402  10 5 0:000109 6:246  10 5 1:847  10 5 0:0 054 87 0:000392 0:000492 9 > > = > > ; Source: ... in Fisher (1980, 1986) and Finkelstein and Levenbach (1983). For more general econometrics texts, see, for example, Greene (2007) and W...

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... (relative to 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 ... 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 )...

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... Ryanair website Stansted 59 85 75 45 London (Stansted); Ryanair bus service Heathrow 28 65 65 55 Not served by Ryanair Gatwick 46 85 90 60 London (Gatwick) Luton 54 44 60 25 London (Luton); Ryanair ... $4 .50 for three weeks 2 Showcase North Haven 8 National Amusements $4 .50 for three weeks 3 York Square (art house) Independent No change 4 Branford 12 HOYTS $5 for three we...

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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 (2003) and by Katz and ... appropriate to apply these formulas using the prices p 1 D p 5% 1 Á 1:05p Comp 1 and p 2 D p 5% 2 Á 1:05p Comp 2 in order to examine whether it is profitable to increase p 1 an...

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... 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 of ... of CR(4) and HHI measures of market concentration. Market 1 Market 2 ‚ …„ ƒ‚…„ ƒ Firm Share Share 2 Firm Share Share 2 1 20 400 1 50 2 ,50 0 2 20 400 2 20 400 3 20 400 3 5 25...

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... .5; 1/ 6 (Cartel) 1 4.8 5. 3 5. 9 6.62 7.87 10 .5 2 4.8 5. 3 5. 9 6.62 7.87 10 .5 3 4.8 5. 3 5. 9 6.62 7.87 10 .5 4 4.8 5. 3 5. 9 6.62 7.87 10 .5 5 4.8 5. 3 5. 9 5. 77 7.87 10 .5 6 4.8 5. 3 5. 9 5. 77 5. 95 10 .5 Table ... Cheat (5, 1) 0 226 238 45 71 (5, 1) 0.1 251 259 50 76 (5, 1) 0.2 282 2 85 56 83 (5, 1) 0.3 322  319 64 92 (5, 1) 0.4 376  364 75 103 (5, 1...

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... alternative functional form. For example, Berry et al. (19 95) 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 ... discussion of this and other demand forms in the context of merger simulation, see Werden and Froeb (20 05) . 462 9. Demand System Estimation Symmetry imposes the restrictions,...

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... Restraints 51 9 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 ... basic cable 0. 255 4. 459 0.021 0.892 Price of premium cable 0.012 0.2 15 0.046 1.698 Basic services offered 0. 158 4.2 75 0.048 1.034 Basic program duplication ...

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... 50 2 10.1 Rationales for Vertical Restraints and Integration 50 3 10.2 Measuring the Effect of Vertical Restraints 51 8 10.3 Conclusions 55 3 Conclusion 55 5 References 55 7 Index 57 7 This page intentionally ... since understanding these key elements of economic analysis is crucial for an appropriate use of quantitative techniques. 1.1 Demand Functions and Demand Elastic...

Ngày tải lên: 21/06/2014, 10:20