CRA economists advised counsel to Virgin America throughout the DOJ review of its acquisition by Alaska Airlines. The DOJ approved the merger requiring some restrictions on the ongoing code share relationship between Alaska Airlines and American Airlines. Code sharing allows partner airlines to sell seats on each other’s flights.
New research on the use of conjoint surveys with market simulation analysis for damages estimation in consumer protection class action litigation
Market simulations that we have seen used in consumer protection class action litigation apply what is known as the static Nash Bertrand model of competition...