Kevin Murphy co-authored an article with Barry C. Harris, Robert D. Willig, and Mathew B. Wright about FTC v. Actavis, Inc. which appeared in the spring 2014 issue of Antitrust. The article discusses a method of evaluating the competitive effects of reverse payment settlement agreements that was proposed in a recent article in Antitrust, showing that it only holds under limited conditions. To read the article, click below.
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...