CRA consultants were retained in a matter involving damages claims from an alleged cartel in the market for hermetic compressors in Brazil. CRA’s expert report provided theoretical and econometric evidence that pricing in the period under investigation was at the competitive level and pointed out several issues invalidating the damages estimated by opposing party.
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...