Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés 8 pptx

... expand production keeping output of each good in proportion. Source: Authors’rendition of a multiproduct cost function provided by Evans and Heckman (1 984 a,b) and Bailey and Friedlander (1 982 ). Economies ... back up to a high price, thereby beginning the cycle again (see Maskin and Tirole 1 988 b; Noel 2007; Castanias and Johnson 1993; Doyle et al. 20 08) . 1.3.2.3 Price Comp...

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... found in Fisher (1 980 , 1 986 ) and Finkelstein and Levenbach (1 983 ). For more general econometrics texts, see, for example, Greene (2007) and Wooldridge (2007). And for an advanced and more technical ... (0.0 18) — log.P Molson / 0.372 0 .80 4 0. 183 0.130 — (0.231) (0.031) (0.022) (0.012) — log.P Labatts / 0.243 0. 183 0. 588 0.0 28 — (0.034) (0.022) (0.044) (0.019) —...

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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 ... price and quantity data alone it is impossible to empirically quantify the effect of an increase in prices on the quantity demanded and therefore to extract information such as the d...

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... 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 I95 I95 I91 2 4 3 1 5a,b Figure 4 .8. Map of ... 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 0.05 0.01 0.33 0.02 0.01 1 H 0.57 0.55 0.25 0.16 0.24 0.27 0.17 1 I 0.77 0.75 0 .81 0 .86 0...

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... information about demand and in particular the own-price elastic- 40 This section draws on Harris and Simons (1 989 ) and also the working papers by O’Brien and Wickelgren (2003) and by Katz and ... demand curve. First, following Landes and Posner (1 981 ) and Scheffman and Spiller (1 987 ) consider the dominant-firm model. In that model, the dominant firm faced a mar- ket...

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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 ... Manufacturing Dunne, Roberts, and Samuelson (1 988 ) (DRS) present a comprehensive description of entry and exit in U.S. manufacturing by using the U.S. Census of Manufactures...

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... .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 173 190 210 217 2 38 270 .8 8.3.2.4 Inferring Marginal ... (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...

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... alternative functional form. For example, Berry et al. (1995) 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 ... p k D  jk  w k ˇ j w j and therefore we can see that the own- and cross-price elasticities of demand depend on both the model parameters and the expenditure shares Á jk D 8...

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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 ... scale and scope in production or distribution that allows the firm to 18 See, in particular, the foreclosure models discussed by Salop and Scheffman (1 983 ), Comanor and F...

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... 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 Elasticiti...

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