In the Summer 2017 edition of the Transportation and Energy Industries Committee’s Newsletter, the authors examine two economic tools, the modified HHI and the modified GUPPI, that may be useful in the antitrust analysis of partial acquisitions and joint ventures. The authors motivate the economic principles underlying these two tools and discuss how the economists at the agencies may use these tools in their antitrust analysis of partial acquisitions and joint ventures. To read the article, click the link below.
What happens when AI sets wages
The authors fed 60,000 freelancer profiles into eight widely used LLMs, asking each model to recommend an hourly rate. From hourly wage setting to testing for...