Quantitative Techniques for Competition and Antitrust Analysis 6 docx

... 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 (1999). The ... what can be achieved in an investigation) and reasonable empirical strategies for compensating for missing information and (2) there is variation in 1 26 3. Estimation of Cost Fu...

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... section draws on Harris and Simons (1989) and also the working papers by O’Brien and Wickelgren (2003) and by Katz and Shapiro (2003). 4 .6. Measuring Pricing Constraints 201 4 .6 Measuring Pricing ... demand curve. First, following Landes and Posner (1981) and Scheffman and Spiller (1987) consider the dominant-firm model. In that model, the dominant firm faced a mar- ket deman...

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... elasticity of segment demand is 2 :6 for premium beer, 2:7 for popular beer, and 2:4 for light beer. These price elasticities could be used as important evidence toward a formal test of the hypothesis ... discussion of this and other demand forms in the context of merger simulation, see Werden and Froeb (2005). 462 9. Demand System Estimation Symmetry imposes the restrictions...

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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 Elasticities...

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