In this article we show that the quality of the vintage for red Bordeaux wines, as judged by the prices of mature wines, can be predicted by the weather during the growing season that produced the wines. Red Bordeaux wines have been produced in the same place and much the same way for hundreds...

Econometrics played a major role in the investigation and litigation of the Federal Trade Commission¡¯s (FTC) successful challenge to the proposed merger between two office superstore chains, Staples and Office Depot. Our goal in writing this essay is to describe the econometric issues at...

In 1997, the US Federal Trade Commission challenged the proposed merger of two office supply superstores, Staples and Office Depot in US District Court. Both the government and merging parties presented econometric studies examining the merger's likely impact on consumer pricing, predicting a...