Quantitative Techniques for Competition and Antitrust Analysis 4 pptx
Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_1 docx
... 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: ... 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 of Market Structure 35 If the firm is a price-taker...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_2 pptx
... 3.527 5. 049 4. 277 4. 201 4. 641 Price elasticity (0.113) (0.152) (0. 245 ) (0. 147 ) (0.203) ˙ D 8 ˆ ˆ < ˆ ˆ : 0:000359 1 :43 6 10 5 0:000158 2 :40 2 10 5 0:000109 6: 246 10 5 1: 847 10 5 0:00 548 7 ... 0. 243 0.150 — (0. 041 ) (0.231) (0.0 34) (0.018) — log.P Molson / 0.372 0.8 04 0.183 0.130 — (0.231) (0.031) (0.022) (0.012) — log.P Labatts / 0. 243 0.183 0.588 0...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_3 pptx
... y it (see, for example, Imbens andAngrist 19 94; Angrist 20 04) . 41 Milyo and Waldfogel (1999), for example, collected data on prices from liquor stores near the border of the two states Rhode Island ... in matrix form and stack the sets of observations in their groups and note that the resulting matrices X g and X h will satisfy X 0 g X h D 0 for g ¤ h because d ig d ih D 0...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_5 pdf
... cinemas 1 and 2 were probably 4. 2. Price Level Differences and Price Correlations 179 4 −2 0 2 4 6 8 10 12 14 16 0 20 40 60 80 100 120 140 160 180 200 = 0 = 1 = 0.8 = 0.5 ρ ρ ρ ρ Figure 4. 4. Examples ... by Harberger (19 54) . 1 74 4. Market Definition Table 4. 4. Correlation between MH U.K. prices for various weight categories. 2–3 kg 3 4 kg 4 5 kg 2–3 kg 1.00 — — 3 4 kg...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_6 pdf
... 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 ... between €0 and 4, 000. In addition the results alsosuggest there is a mid-range market for computers between 4, 000 and €10,000 servers and a high-end market for computers ab...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_8 pptx
... 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 40 0 1 50 2,500 2 20 40 0 2 20 40 0 3 20 40 0 3 5 25 4 20 40 0 4 5 25 5 20 40 0 ... (0.17) V 3 V 2 D .˛ 3 / — V 4 V 3 D .˛ 4 / 0.07 (0.05) V 5 V 4 D .˛ 5 / — Source: Table 4 in Bresnahan and Reiss (1991a). 0 1 2 3 4 5 6 7 8 9 10 0 1 2 3 4...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_12 potx
... 6 (Cartel) cartel 1 70.50 128 .47 1 74. 50 210.00 238.30 270.75 45 .12 2 34. 97 52.03 57.05 31.17 19. 74 45.12 3 34. 97 52.03 45 .12 4 34. 97 45 .12 5 34. 97 45 .12 6 34. 97 45 .12 Firm 1: one-period defection ... 376 3 64 75 103 301 303 150 180 301 299 75 96 0.5 45 1 42 7 90 120 361 349 181 206 361 343 90 108 0.6 5 64 521 113 144 45 1 41 9 226 245 45 1 41 0...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_13 pot
... the MNL model imposes severe limitations on own- 44 6 9. Demand System Estimation 1992q1 1995q3 1999q1 2002q3 2006q1 Date P Farm wage 4. 2 4. 4 4. 6 4. 8 5.0 5.2 Figure 9.2. Farm wages plotted over ... bias. 8 STATA, for example, provides the “ivreg” command. 9.2. Demand System Estimation: Discrete Choice Models 47 7 9.2 .4. 2 Independence of Irrelevant Alternatives In the MNL model,...
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Quantitative Techniques for Competition and Antitrust Analysis by Peter Davis and Eliana Garcés_15 pptx
... 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 ... was 40 % and it were to grow to 45 % if TeleAtlas–TomTom followed a foreclosure strategy. Doing so would mean its sales would grow from q 0 D 0 :4 10:8 D 4: 31 million to q...
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Quantitative Techniques for Competition and Antitrust Analysis_1 pdf
... 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 ... Model for Merger Simulation 40 1 8 .4 Merger Simulation: Coordinated Effects 42 6 8.5 Conclusions 43 4 9 Demand System Estimation 43 6 9.1 Demand System Estimation: Model...
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