We propose a method for analyzing mergers that uses product characteristics to identify products that compete with each other. Products that compete with one another are termed competitive-neighbors. This method does not require aggregation or complicated econometric modeling and is based on...

We consider a computational equilibrium model of spatially differentiated Bertrand competition and apply it to merger analysis. Two pricing paradigms are studied: one where firms cannot price discriminate among customers and one where firms can. The model encompasses many details that make it...

In the competition for a monopoly right in which the number of bidders is fixed, Tullock and others have found the value of the resources spent in the aggregate to capture the transfer to be sometimes less than and sometimes greater than the value of the monopoly. We think this approach to be...

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