In this expository article we describe the proportional calibration technique to simulate the potential impact of an association (merger) in a differentiated product price competitive industry. The procedure is forward-looking and implementable with minimal data and computational requirement. We...

This paper analyzes bidding behavior in a multi period multiple unit auction. While bidders are ex ante symmetric, the first period outcome translates the second period game to a game between asymmetric bidders. The first period outcome determines who will be a strong or a weak bidder in the...