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 …

paper examines the relationship between sale rates and price surprises over time in art auctions. Using data on contemporary … strong positive relationship of sale rates to unexpected aggregate price changes, which is reminiscent of a Phillips curve … that sale rates revert to "normal" very quickly following a price surprise. We estimate an empirical model to measure …