MANUSZAK, MARK D.; MOUL, CHARLES C. - In: Journal of Industrial Economics 56 (2008) 1, pp. 94-112
We consider the relationship between prices and market structure for office supply superstores in the U.S. which was central to the Federal Trade Commission's opposition to the merger of Staples and Office Depot. Due to potential biases in a standard regression, we employ a two-stage approach in...