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...
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Dr. De Stefano specializes in industrial organization and applied econometrics.
He has experience with mergers, price-fixing, and foreclosure cases and has worked on matters in the telecommunication, chemical, automobile, health care, and electronics industries, among others. A substantial portion of his consulting work has involved empirical evaluation of the competitive effects of proposed mergers and acquisitions. In this context, he has employed economic and econometric tools to estimate demand, address issues relating to market definition, and explore direct evidence of unilateral effects.