Integrating the Structural Auction Approach and Traditional Measures of Market Power



Table 1. Mean and Standard Deviation of the Variables from the Experimental Market

Variable

Mean

S D

Before Merger (n=302)

ADRWT (cwt)

721.6

1.7

ADRPRC ($/cwt)

128.8

0.5

BBPRC ($/cwt)

125.3

2.5

SHWLST (pens)

113.4

4.2

TODEM (pens)

38.3

4.4

HHI

0.3

0.009

After Merger (n=290)

ADRWT (cwt)

723.6

2.2

ADRPRC ($/cwt)

118.7

1.9

BBPRC ($/cwt)

121.7

2.8

SHWLST (pens)

131.2

8.8

TODEM (pens)

41.7

3.5

HHI

0.5

0.01

33



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