In the August 2015 issue of The Antitrust Source, John Woodbury comments on a paper by Gregory J. Werden challenging the outcomes of retrospective studies of mergers and another paper by Justin P. Johnson offering a benign explanation for “loss leaders” when consumers are characterized by bounded rationality. The latter paper in particular is a nice illustration of the nexus between behavioral economics and antitrust. To read the reviews, click the link below.
Why a hotel room in New York costs $500 a night
In a recent op-ed in The Wall Street Journal titled “Why a Hotel Room in NY Costs $500,” Michael Salinger (CRA consultant and Boston University professor) and...