Quantitative Techniques for Competition and Antitrust Analysis 1 pptx

... 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  ... linear-in-parameters differentiated product demand system: ln q 1 D Á 10 C Á 11 ln p 1 C Á 12 ln p 2 C Á 13 ln p 3 C C Á 1J ln p J C x 0...

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 ... Ch. 0.0 226 238 45 71 1 81 210 90 12 8 18 1 210 45 71 0 .1 2 51 259 50 76 2 01 225 10 0 13 7 2 01 225 50 75 0.2 282 285 56 83 226 245 11 3 14 8...

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 ... after-market goods. 21 17 For completeness, the own-price elasticities in the linear demand system we study in this section are Á 11 D @Q 1 @P 1 P 1 Q 1 D P 1...

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

... Outcomes Clinker 1. 1 lb 1. 1 lb Water 0.3 lb Fuel 3,400 BTU Cement 0 .1 lb Limestone 0 .1 lb Clay 0 .1 lb Others 0 .1 lb Rock 0.4 lb Electricity 11 5 BTU 70 BTU Refuse 0 .1 lb Cemen t 1 lb Gypsum 0 .1 lb Shell 1 ... since understanding these key elements of economic analysis is crucial for an appropriate use of quantitative techniques. 1. 1 Demand Functions and Deman...

Ngày tải lên: 21/06/2014, 10:20