CRA was retained by International Paper, a major producer of paper and packaging products, to assist in securing antitrust clearance from the Department of Justice for International Paper’s proposed acquisition of Weyerhaeuser’s containerboard packaging and recycling business. A team of CRA economists staff assisted International Paper by developing economic arguments and preparing empirical analyses that demonstrated that the transaction would not affect competition in containerboard or corrugated box manufacturing. The transaction was allowed to proceed with no divestitures and without issuance of a second request.
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...