This study was provided to the staff at the Federal Trade Commission in October, 1999. It expands the analysis of divestitures that was presented in an April 1999 report to the FTC (An Antitrust Economic Analysis of the Proposed Acquisition of Supermarkets General Holdings Corporation by Ahold...

This paper investigates a comprehensive assessment of firm strategic behavior under financial market uncertainty. A general theoretical model of market value maximization (MVM) is constructed using a traditional capital asset pricing format. The model built on the nonlinear Almost Ideal Demand...

This paper develops an analysis of markets for differentiated products. It relies on the concept of latent separability for consumer preferences. As proposed by Blundell and Robin, latent separability assumes that purchased products are allocated in the production of latent intermediate...

Are victims of human rights abuses better off with or without economic sanctions targeted at their perpetrators? We study this question in the context of a US human rights policy, Section 1502 of the 2010 Dodd-Frank Act. By discouraging companies from sourcing 'conflict minerals' from the...

GM corn seed companies have innovated continuously with the introduction of new traits and, more recently, with the creation of stacked varieties, which combine more than one trait. This work develops a Bayesian model of adoption dynamics that demonstrates how uncertainty with a package...