When a rival accused Church & Dwight, manufacturer of Trojan condoms, of using shelf space agreements to maintain a monopoly, CRA was retained to address the competitive effects of the agreements. CRA’s economists filed expert reports analyzing the efficiencies and lack of any significant rival foreclosure arising from the disputed practices. CRA’s expert reports also included a sophisticated economic model illustrating why condom prices could fall even in the absence of efficiencies. All antitrust claims were dismissed.
Merger simulation in second-score auctions: A nested logit model
In a recent Economics Letters article, CRA’s Martino De Stefano and Serge Moresi show how to improve the second-score auction model that is often used to...