Quantitative Techniques for Competition and Antitrust Analysis 3 docx

... 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 Functions tiproduct ... 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 de...

Ngày tải lên: 21/06/2014, 14:20

... 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 rang...

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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 ... 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 resulting aggre...

Ngày tải lên: 21/06/2014, 14:20

...  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