most problematic for the antitrust agencies. Thus we estimate an upper bound on the likely price effect of completed … mergers. Our study employs retail scanner data and uses familiar panel data program evaluation procedures to measure price …

system actually works and what it indicates about price formation. First, we find that in recent years returns on art assets … the public record of the criminal trial of Sotheby's former Chairman, who was accused of price fixing, to show how the … effects of the auction institution on price formation. There is now considerable theoretical research on strategic behavior in …