Miller, Nathan H.; Ryan, Conor; Remer, Marc; Sheu, Gloria - Antitrust Division, Department of Justice - 2012
We analyze the accuracy of first order approximation, a method developed theoretically in Jaffe and Weyl (2012) for predicting the price effects of mergers, and provide an empirical application. Approximation is an alternative to the model-based simulations commonly employed in industrial...