Staples and Oce Depot have tried to merge three times, once in 1997, once in 2016, and once in 2020/2021 The merger was blocked in the first two cases, but the arguments that the government (FTC) made and the analysis that it conducted were different. Compare and contrast the first two cases on the basis of the following two documents. ? https://fbancarias.files. wordpress.com/2013/10/ econometric-methods-in-staples. pdf ? https://www.ftc.gov/system/ files/documents/cases/ 170216staples_redacted_ shapiro_demonstrative.pdf

Please include in your description some reasons for why the government approach might have been dierent in 2016 than it was in 1997.

I have attached the photo of the assignment below. This is all the information I have regarding the question that is mentioned above. The links given above have PDF's attached to it. So i guess we need to use them to answer the question

Assignment 3 proach might have been different in 2016 than it was in 1997. This is a group assignment and groups are as- signed randomly by Canvas. Please work on all 2. In the example on mixed bundling we Econ 454, 2017 questions together: do not divide questions up be- discussed in class, the two goods con- tween yourselves. You are all responsible for every sidered were neither substitutes nor answer. If someone does not pull his/ her weight complements. Suppose that instead then please let me know. Please make sure that the goods were complements. All else you all put in an equal amount of effort: don't equal, would you expect a monopolist put someone's name on your assignment if she to offer a greater or smaller bundle dis- did not contribute sufficiently to the group effort. count than in the example discussed in The due date of this assignment is December 13. class, or would it not matter? Please It must be uploaded via Canvas. Assume that the explain your reasoning. this version: November 30, 2021 equilibrium concept is Nash, wherever relevant. 3. Consider the market for video game Do not use any tricks you might have learned consoles. Suppose that you formulate a in other courses. Naturally, you can use general multinomial logit model using the no- principles like setting MR=MC. Please ensure tation found in the lecture notes. to put a Penn State email address on the assignment to which the graded assignment (a) What would the j subscript cor- is to be returned. Please let me know in the respond to in this example? Give days following the posting of this assignment if some examples. you cannot complete this assignment on time. (b) Why is there a need for an outside 1. Staples and Office Depot have tried to good in this specific example? merge three times, once in 1997, once (c) Explain why it is difficult to delin- in 2016, and once in 2020/2021 The eate a precise market in this spe- merger was blocked in the first two cific case. cases, but the arguments that the gov- (d) See if you can find an own price ernment (FTC) made and the analysis elasticity of demand for video -2021 Joris Pinkse, Pinkse, this version: November 30, 2021 that it conducted were different. Com- game consoles in the literature (i.e. pare and contrast the first two cases find a number for this). Please cite on the basis of the following two docu- your source. If you can't, take it ments. to be -3 in the questions below. . https://fbancarias. files. From here on assume that the wordpress . com/2013/10/ inside goods are the Sony PS5, econometric-methods-in-staples. the Nintendo Switch, and the Mi- odf crosoft Xbox. . https://www. ftc.gov/system/ Econ 454, 92017-2 files/documents/cases/ (e) Find the total number of video 170216staples_redacted_ game consoles sold in the US in a shapiro_demonstrative. pdf specific year. (f) Assume from here on that the mar- Please include in your description some ket size N equals the total number reasons for why the government ap- of US households. Determine N 1