Open Access
Cointegration and Antitrust: A Primer
Reads0
Chats0
TLDR
Engle and Granger as mentioned in this paper were the first to apply regression analysis to economic time series, and they published a short and elegant paper that influenced the way statisticians perform almost all regression analysis.Abstract:
On October 8, 2003, Robert F. Engle and Clive W . J. Granger were awarded the Nobel Prize for their research on the statistical analysis of economic time series. Both made important contributions on their own, but their most influential work by far is contained in a short and elegant paper they published together in 1987. Their paper influenced the way statisticians perform almost all regression analysis.read more
Citations
More filters
MonographDOI
Politika hospodářské soutěže na železnici - teorie, zkušenosti a praktická aplikace.
TL;DR: In this paper, the authors present a monografie that is zaměřena na obsahlou analýzu použitelných metod democratically-processed metodéministicativni regulaci odvětvi v ramci liberalizacnich¯¯¯¯reforem veden ých Evropskou unii.
Posted Content
Estimating Overcharges in Antitrust Cases Using a Reduced-Form Approach: Methods and Issues
TL;DR: In this paper, the authors present several methods and discuss salient issues pertaining to the use of reduced-form models to estimate overcharges in antitrust matters, where but-for prices may be less than actual prices during the anticompetitive period.
Journal ArticleDOI
Estimating Overcharges in Antitrust Cases Using a Reduced-Form Approach: Methods and Issues
TL;DR: In this article, the authors present several methods and discuss salient issues pertaining to the use of reduced-form models to estimate overcharges in antitrust matters (e.g., price-fixing) where "but-for" price...
MonographDOI
Modely a metody regulace konkurenčního prostředí na trhu železničních dopravních služeb.
Martin Kvizda,Zdeněk Tomeš,Jaroslav Bil,Vladimír Hajko,Tomáš Houška,Filip Chvátal,Ondřej Krčál,Michal Kvasnička,Kateřina Nedvědová,Daniel Němec,Tomáš Nigrin,Václav Rederer,Daniel Seidenglanz,Rostislav Staněk +13 more
TL;DR: In this paper, the authors describe a set of criteria for evaluating the performance of a trhu in the SSNIP test set-up in the context of a large scale project in the European Union.
References
More filters
Journal ArticleDOI
Understanding spurious regressions in econometrics
TL;DR: In this paper, an analytical study of linear regressions involving the levels of economic time series is provided, and an asymptotic theory is developed for regressions that relate quite general integrated random processes.
Journal ArticleDOI
Pipeline Access and Market Integration in the Natural Gas Industry: Evidence from Cointegration Tests
Arthur De Vany,W. David Walls +1 more
TL;DR: In this article, the extent to which the Federal Energy Regulatory Commission's policy of open access to natural gas pipelines has created competition in natural gas markets was investigated and it was shown that increased cointegration of prices is evidence that open access has made gas markets more competitive.
Journal ArticleDOI
Correlation, Causality, and All that Jazz: The Inherent Shortcomings of Price Tests for Antitrust Market Delineation
Gregory J. Werden,Luke M. Froeb +1 more
TL;DR: A substantial economics literature has developed in which price data have been relied upon to delineate antitrust markets by empirically implementing definitions offered by classical economists as discussed by the authors. But the forces driving these price tests are not the same as those that give rise to market power.