CRA economists advised counsel to Lowe’s on its acquisition of RONA throughout the Competition Bureau’s review of the transaction. On May 12, 2016, the Bureau issued a “No Action Letter” and concluded the transaction is unlikely to lessen or prevent competition substantially. CRA’s main econometric analyses focused on product and geographic market definition and competition in local markets. To read more, 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...