In this paper we offer the Gibbs sampler as an alternative estimator to the the GMM procedure used by berry, Levinsohn, and Pakes (1995) (henceforth BLP) in their equilibrium differentiated product market analysis of the automobile industry.

The research assesses how the two Big Eight mergers of 1989 affected the market for audit services. A data set of 1,978 firms over a 12-year period is used to test four theories of how the mergers could have affected competition and consumer welfare. The study finds that the mergers reduced the...

An anticompetitive horizontal merger creats an opportunity for entry, which might deter or counteract the competitive effects of concern. This paper analyzes mergers in randomly generated Cournot and Bertrand Industries to ascertain the incremental effect of the mergers on the profitability of...

Research joint ventures may coordinate research investments or improve research sharing. When research joint venture partners only share R&D results, large consortia are more profitable than small ones, and joint ventures prefer their rivals dispersed. According to a coalition formation game, an...

This article offers a comprehensive recapitulation of the relevant economics and case law on demand elasticities and makes some efforts toward rapprochement. The primary purpose is to make the relevant economicanalysis readily available to non-economists concerned with antitrust law, but some of...

A variety of proposals for creating more competition within the railroad sector are under consideration in countries throughout the world. Brazil, though something of latecomer to wider infrastructure reform, has recently taken large steps in restructuring its railroad system. This paper...