Effects of assumed demand form on simulated postmerger equilibria

Review of Industrial Organization

Volumn 15, Issue 3, 1999, Pages 205-217

  Crooke, Philip ^a   Froeb, Luke ^a   Tschantz, Steven ^a   Werden, Gregory J ^b  

^a VANDERBILT UNIVERSITY   (United States)

^b United States Department of Justice   (United States)

Author keywords

AIDS; Antitrust; Computed Nash Equilibria; Logit; Mergers

Indexed keywords

ALMOST IDEAL DEMAND SYSTEM; METHODOLOGY;

EID: 0032738687     PISSN: 0889938X     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1007730632277     Document Type: Article

References (21)

1. Anderson, Simon, Andre de Palma, and Jacques-Francois Thisse (1992) Discrete Choice Theory of Product Differentiation. Cambridge, Massachusetts: MIT Press.
2. Ben-Akiva, Moshe, and Steven Lerman (1985) Discrete Choice Analysis: Theory and Application to Travel Demand. Cambridge, Mass.: The MIT Press.
3. Box, G. E. P. and D. R. Cox (1964) 'An Analysis of Transformations', Journal of the Royal Statistical Society, Series B, 26, 211-243.
4. Deaton, Angus, and John Muelbauer (1980a) Economics and Consumer Behavior. Cambridge: Cambridge University Press.
5. Deaton, Angus, and John Muelbauer (1980b) 'An Almost Ideal Demand System', American Economic Review, 70, 312-326.
6. Froeb, Luke, and Gregory J. Werden (1996) 'Simulating the Effects of Mergers Among Noncooperative Oligopolists', in Hal Varian (ed.), Computational Economics and Finance: Modeling and Analysis with Mathematica. New York: Springer-Verlag/Telos.
7. Gorman, W. M. (1995) 'Two Stage Budgeting', in C. Blackorby and A. F. Shorrocks (eds.), Seperability and Aggregation: Collected Works of W.M. Gorman. Oxford: Clarendon Press.
8. Hausman, Jerry A., and Gregory K. Leonard (1997) 'Economic Analysis of Differentiated Products Mergers Using Real World Data', George Mason Law Review, 5, 321-346.
9. Hausman, Jerry, Gregory Leonard, and J. Douglas Zona (1994) 'Competitive Analysis with Differenciated Products', Annales d'Economie et Statistique, 34, 159-180.
10. Leamer, Edward (1983) 'Lets Take the 'Con' Out of Econometrics', American Economic Review, 73, 31-43.
11. McFadden, D. (1974) 'Conditional Logit Analysis of Qualitative Choice Behavior', in P. Aarembka (ed.), Frontiers in Econometrics. New York: Academic Press.
12. Shapiro, Carl (1996) 'Mergers with Differentiated Products', Antitrust, Spring, 23-30.
13. Train, Kenneth (1986) Qualitative Choice Analysis. Cambridge, Mass.: MIT Press.
14. U.S. Department of Justice and Federal Trade Commission (1992), Horizontal Merger Guidelines, April 2.
15. Werden, Gregory J. (1997a) 'Simulating the Effects of Mergers in Differentiated Products Industries: A Practical Alternative to Structural Merger Policy', George Mason Law Review, 5, 363-386.
16. Werden, Geregory J. (1997b) 'Simulating Unilateral Competitive Effects from Differentiated Products Mergers', Antitrust, Spring, 27-31.
17. Werden, Gregory J. (1997c) 'A Robust Test for Consumer Welfare Enhancing Mergers among Sellers of Differentiated Products', Journal of Industrial Economics, 44, 409-413.
18. Werden, Gregory J. (1997d) 'Simulating the Effects of Differentiated Products Mergers: A Practitioners' Guide', in Julie A. Caswell and Ronald W. Cotterill (eds.), Strategy and Policy in the Food System: Emerging Issues. Storrs, Conn.: Food Marketing Policy Center.
19. Werden, Gregory J., and Luke M. Froeb (1994) 'The Effects of Mergers in Differentiated Products Industries: Logit Demand and Merger Policy', Journal of Law, Economics, and Organization, 10, 407-426.
20. Werden, Gregory J., and Luke M. Froeb (1996) 'Simulation as an Alternative to Structural Merger Policy in Differentiated Products Industries', in Malcolm Coate and Andrew Kleit (eds.), The Economics of the Antitrust Process. New York: Kluwer Academic Publishers.
21. Werden, Gregory J., Luke M. Froeb, and Timothy J. Tardiff (1996) 'The Use of the Logit Model in Applied Industrial Organization', International Journal of the Economics of Business, 3, 83-105.