CRA economists advised counsel to Office Depot throughout a review by the Federal Trade Commission (FTC) of its proposed $1.2 billion merger with OfficeMax. The FTC ultimately closed its Second Request investigation, noting that the merger is unlikely to lessen competition in the sale of consumable office supplies.
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...