Quantitative Techniques for Competition and Antitrust Analysis 8 pdf

... 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 demand elasticity. A ... 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 (se...

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 (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 dem...

Ngày tải lên: 21/06/2014, 14:20

... 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...

Ngày tải lên: 21/06/2014, 14:20

... 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...

Ngày tải lên: 21/06/2014, 10:20