In Antitrust Law Journal, Michelle Burtis and her co-author review the use of empirical tools for drawing inferences about the existence of a price structure and determining common impact for all proposed class members. While such tools can be used to uncover relevant economic relationships, the authors also discuss the pitfalls associated with using them in the context of class certification. To read the article, click the link 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...