When the sample size is small compared to the number of cells in a contingency table, maximum likelihood estimates of logit parameters and their associated standard errors may not exist or may be biased. This problem is usually solved by “smoothing†the estimates, assuming a certain...

Two-way trade in (almost) homogenous products has ambiguous welfare effects if entry is restricted. We examine Swedish imports of bottled water to investigate whether transport cost losses from trade outweigh the partial equilibrium gains from trade (stronger competition and more brands to...

This paper argues that Vidya (education), Veda (religion) and Varna (caste) are inter-linked in India. It examines whether, and to what extent, the enrolment of children at school in India is influenced by community norms such those of religion (Hindu or Muslim) or caste (Scheduled or...

Share equations play an important role in applied economic research, notably in marketing and demand analysis. Both market shares and budget shares have been used as dependent variables in econometric models which were partly motivated by microeconomic theory. However attempts of econometricians...

Share equations play an important role in applied economic research, notably in marketing and demand analysis. Both market shares and budget shares have been used as dependent variables in econometric models which were partly motivated by microeconomic theory. However attempts of econometricians...

Share equations play an important role in applied economic research, notably in marketing and demand analysis. Both market shares and budget shares have been used as dependent variables in econometric models which were partly motivated by microeconomic theory. However attempts of econometricians...

This Paper starts from a recent case studying how merger analysis in Europe may potentially be improved through simulation analysis. Starting from the product and geographic market definition in the Merger Decision, we formulate and estimate an oligopoly model with differentiated products. The...