Firm 1 increases price following a merger with firm 2, even if firm 2 is capacity-constrained both before and after the merger.

Research

In progress

Merger efficiencies and price effects in differentiated Cournot oligopoly, July 2022

Mergers in which price and quality are set by bargaining (with David J. Balan), February 2022


Publications

Economics in the 2023 Merger Guidelines: Three Areas of Concern (with Loren Smith and Nathan Wilson), in US Merger Guidelines : A Review, S. Sullivan (ed.), in collaboration with the CCIA, Concurrences, 2024

New DOJ-FTC Merger Guidelines: Opportunities and Strategies for Merging Parties (with Koren W. Wong-Ervin), CPI Columns, January 2024

Lethality and deterrence in affairs of honor: The case of the Antebellum U.S. South (with Tom Ahn and Paul Shea), Rationality and Society, forthcoming (online appendix)

New Merger Guidelines Should Keep the Consumer Welfare Standard (with Mark Israel and Jonathan Orszag), Competition Policy International, November 2022

Upward pricing pressure in mergers of capacity-constrained firms (with Daniel Greenfield), Economic Inquiry, 59 (4), pp. 1723-1747, 2021

Evaluating Mergers and Divestitures: A Casino Case Study (with F. David Osinski), Journal of Law, Economics, and Organization, 37 (2), pp. 239-277, 2021

Analyzing Vertical Mergers: Accounting for the Unilateral Effects Tradeoff and Thinking Holistically About Efficiencies (with Roger D. Blair, Christine S. Wilson, D. Daniel Sokol, and Keith Klovers), George Mason Law Review, 27 (3), 2020

Recalibrating the dialogue on welfare standards: Reinserting the total welfare standard into the debate (with Christine S. Wilson and Thomas J. Klotz), George Mason Law Review, 26 (5), 2020

Economics at the FTC: Quantitative analyses of two chemical manufacturing mergers (with Daniel Greenfield, Bruce Kobaysashi, Christopher Taylor, and Nathan Wilson), Review of Industrial Organization, 55 (4), pp. 607-623, 2019

The role of capacity in antitrust analysis (with Seth Sacher), Journal of Competition Law and Economics, 12 (4), pp. 661-700, 2016

Employer discrimination and market structure: Does more concentration mean more discrimination? (with Josh Ederington), International Journal of Industrial Organization, 48, pp. 1-33, 2016, Online appendix

Familiarity and decision making: The unclear role of noise in accept/reject decisions (with Chun-Hui Miao), Southern Economic Journal, 81 (4), pp. 1062-1073, 2015

A note on bubbles and worthless assets: The curious case of General Motors, (with Tom Ahn and Paul Shea), Macroeconomic Dynamics, 18 (1), pp. 244-254, 2014

Real estate pricing under two-sided asymmetric information (with Paul Shea), Theoretical Economics Letters, 3 (4), pp. 220-225, 2013

Competition and endogenous impatience in credence good markets, Journal of Institutional and Theoretical Economics, 169 (3), pp. 531-565, 2013

Optimal setting of point spreads, (with Paul Shea), Economica, 80 (317), pp. 149-170, 2013

Experts and quacks, RAND Journal of Economics, 41 (1), pp. 199-214, 2010

The Effects of Ethnic Capital and Age of Arrival on the Standard of Living of Young Immigrants, (with Michael Seeborg), The Journal of Economics, 29, pp. 27-48, 2003

The Assimilation of Immigrants Who Arrived in the United States as Children, with Michael Seeborg, Journal of Business and Economic Research, 1 (3), pp. 27-35, 2003