The current global pandemic has presented challenges unprecedented in our lifetimes, including the upheaval of supply-and-demand dynamics and other market distortions in numerous sectors of the world economy. Join Tim Snail and other panelists for a discussion of price gouging, damages and antitrust, the economic analysis of them, and the public and private measures available to prevent or remedy price gouging.
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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...