. Second, we propose and illustrate an alternative, preference based, method for estimating consumer responses to price changes … under these conditions. Our preference based approach yields price elasticities on the order of 0.4 and a quot …;utilities expenditurequot; elasticity of near unity. This research highlights the possibility that households may be more sensitive to price …

prices. Remedies based on separate bargaining do not alleviate the price increases …

In this paper we propose a method to evaluate the effectiveness of U.S. horizontal merger policy and apply it to the … 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 …

effect of a merger on the behavior of rival firms, and instrumenting for these mergers, unbiased estimates of the effect of a … merger on market outcomes can be obtained. Using this methodology, I evaluate the impact of independent hospital mergers … between 1989 and 1996 on rivals' prices. I find sharp increases in rivals' prices following a merger, with the greatest effect …

operates within state boundaries: cross-market, within-state hospital mergers yield price increases of 7-9 percent for …

This paper examines demand systems where the demand for a good depends only on its own price, consumer income, and a …

that are equivalent to price shocks. In the presence of relative taste shocks, the Sato-Vartia price index is upward biased … because an increase in the relative consumer taste for a variety lowers its taste-adjusted price and raises its expenditure …