Bidding for incomplete contracts: an empirical analysis
In: NBER working paper series 12051
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In: NBER working paper series 12051
In: NBER working paper series 12425
"The US mobile phone service industry has dramatically consolidated over the last two decades. One justification for consolidation is that merged firms can provide consumers with larger coverage areas at lower costs. We estimate the willingness to pay for national coverage to evaluate this motivation for past consolidation. As market level quantity data is not publicly available, we devise an econometric procedure that allows us to estimate the willingness to pay using market share ranks collected from a popular online retailer, Amazon. Our semiparametric maximum score estimator controls for consumers' heterogeneous preferences for carriers, handsets and minutes of calling time. We find that national coverage is strongly valued by consumers, providing an efficiency justification for across-market mergers. The methods we propose can estimate demand for other products using data from Amazon or other online retailers where quantities are not observed, but product ranks are observed. Since Amazon data can easily be gathered by researchers, these methods may be useful for the analysis of other product markets where high quality data are not publicly available"--National Bureau of Economic Research web site
In: NBER working paper series 11671
In: NBER working paper series 10665
In: NBER working paper series 10450
In: NBER working paper series 9757
In: NBER working paper series 9891
In: NBER working paper series 9889
In: NBER working paper series 10076
In: NBER Working Paper No. w17647
SSRN
In: Information economics and policy, Band 21, Heft 2, S. 90-100
ISSN: 0167-6245
In: NBER Working Paper No. w14855
SSRN
In: NBER Working Paper No. w14441
SSRN
In: Journal of political economy, Band 113, Heft 4, S. 703-741
ISSN: 1537-534X
In: The Rand journal of economics, Band 32, Heft 3, S. 387
ISSN: 1756-2171