In this article, written by Jerry Hausman, Serge Moresi, and Mark Rainey, the authors derive the formula for the unilateral price effects of mergers of two products with linear demand in the general asymmetric situation.
Trends in competition in the United States: what does the evidence show?
Has the United States economy become less competitive in recent decades? One might think so based on a body of research that has rapidly become influential for...