id	sid	tid	token	lemma	pos
cblr-2976	1	1	coordinated	coordinate	VERB
cblr-2976	1	2	effects	effect	NOUN
cblr-2976	1	3	in	in	ADP
cblr-2976	1	4	merger	merger	NOUN
cblr-2976	1	5	analysis	analysis	NOUN
cblr-2976	1	6	:	:	PUNCT
cblr-2976	1	7	an	an	DET
cblr-2976	1	8	introduction	introduction	NOUN
cblr-2976	1	9	coordinated	coordinate	VERB
cblr-2976	1	10	effects	effect	NOUN
cblr-2976	1	11	in	in	ADP
cblr-2976	1	12	merger	merger	NOUN
cblr-2976	1	13	analysis	analysis	NOUN
cblr-2976	1	14	:	:	PUNCT
cblr-2976	1	15	an	an	DET
cblr-2976	1	16	introduction	introduction	NOUN
cblr-2976	1	17	janusz	janusz	PROPN
cblr-2976	1	18	a.	a.	PROPN
cblr-2976	1	19	ordover	ordover	PROPN
cblr-2976	1	20	*	*	PROPN
cblr-2976	1	21	i.	i.	PROPN
cblr-2976	1	22	introduction	introduction	NOUN
cblr-2976	1	23	................................................................	................................................................	PUNCT
cblr-2976	2	1	411	411	NUM
cblr-2976	2	2	ii	ii	NOUN
cblr-2976	2	3	.	.	PUNCT
cblr-2976	2	4	basic	basic	ADJ
cblr-2976	2	5	economics	economic	NOUN
cblr-2976	2	6	of	of	ADP
cblr-2976	2	7	merger	merger	NOUN
cblr-2976	2	8	effects	effect	NOUN
cblr-2976	2	9	............................	............................	PUNCT
cblr-2976	2	10	412	412	NUM
cblr-2976	2	11	a.	a.	NOUN
cblr-2976	2	12	unilateral	unilateral	ADJ
cblr-2976	2	13	effects	effect	NOUN
cblr-2976	2	14	................................................	................................................	PUNCT
cblr-2976	2	15	412	412	NUM
cblr-2976	2	16	b.	b.	NOUN
cblr-2976	2	17	coordinated	coordinate	VERB
cblr-2976	2	18	effects	effect	NOUN
cblr-2976	2	19	.............................................	.............................................	PUNCT
cblr-2976	2	20	416	416	NUM
cblr-2976	2	21	c.	c.	NOUN
cblr-2976	2	22	the	the	DET
cblr-2976	2	23	number	number	NOUN
cblr-2976	2	24	of	of	ADP
cblr-2976	2	25	firm	firm	NOUN
cblr-2976	2	26	s	s	PART
cblr-2976	2	27	..........................................	..........................................	PUNCT
cblr-2976	2	28	422	422	NUM
cblr-2976	2	29	iii	iii	NOUN
cblr-2976	2	30	.	.	PUNCT
cblr-2976	3	1	the	the	DET
cblr-2976	3	2	policy	policy	NOUN
cblr-2976	3	3	challenge	challenge	NOUN
cblr-2976	3	4	..................................................	..................................................	PUNCT
cblr-2976	3	5	423	423	NUM
cblr-2976	3	6	iv	iv	NOUN
cblr-2976	3	7	.	.	PUNCT
cblr-2976	4	1	recent	recent	ADJ
cblr-2976	4	2	development	development	NOUN
cblr-2976	4	3	in	in	ADP
cblr-2976	4	4	coordinated	coordinate	VERB
cblr-2976	4	5	effects	effect	NOUN
cblr-2976	4	6	e	e	X
cblr-2976	4	7	conom	conom	NOUN
cblr-2976	4	8	ics	ic	NOUN
cblr-2976	4	9	...................................................................	...................................................................	PUNCT
cblr-2976	4	10	425	425	NUM
cblr-2976	4	11	v.	v.	ADP
cblr-2976	4	12	implications	implication	NOUN
cblr-2976	4	13	for	for	ADP
cblr-2976	4	14	public	public	ADJ
cblr-2976	4	15	policy	policy	NOUN
cblr-2976	4	16	,	,	PUNCT
cblr-2976	4	17	again	again	ADV
cblr-2976	4	18	........................	........................	PUNCT
cblr-2976	4	19	433	433	NUM
cblr-2976	4	20	i.	i.	NOUN
cblr-2976	4	21	introduction	introduction	NOUN
cblr-2976	4	22	it	it	PRON
cblr-2976	4	23	is	be	AUX
cblr-2976	4	24	in	in	ADP
cblr-2976	4	25	the	the	DET
cblr-2976	4	26	spirit	spirit	NOUN
cblr-2976	4	27	of	of	ADP
cblr-2976	4	28	professor	professor	NOUN
cblr-2976	4	29	handler	handler	NOUN
cblr-2976	4	30	's	's	PART
cblr-2976	4	31	unique	unique	ADJ
cblr-2976	4	32	blend	blend	NOUN
cblr-2976	4	33	of	of	ADP
cblr-2976	4	34	scholarly	scholarly	ADJ
cblr-2976	4	35	research	research	NOUN
cblr-2976	4	36	and	and	CCONJ
cblr-2976	4	37	antitrust	antitrust	ADJ
cblr-2976	4	38	practice	practice	NOUN
cblr-2976	4	39	that	that	PRON
cblr-2976	4	40	i	i	PRON
cblr-2976	4	41	have	have	AUX
cblr-2976	4	42	approached	approach	VERB
cblr-2976	4	43	this	this	DET
cblr-2976	4	44	article	article	NOUN
cblr-2976	4	45	on	on	ADP
cblr-2976	4	46	the	the	DET
cblr-2976	4	47	economics	economic	NOUN
cblr-2976	4	48	of	of	ADP
cblr-2976	4	49	"	"	PUNCT
cblr-2976	4	50	coordinated	coordinated	ADJ
cblr-2976	4	51	effects	effect	NOUN
cblr-2976	4	52	"	"	PUNCT
cblr-2976	4	53	in	in	ADP
cblr-2976	4	54	merger	merger	NOUN
cblr-2976	4	55	assessment	assessment	NOUN
cblr-2976	4	56	.	.	PUNCT
cblr-2976	5	1	i	i	PRON
cblr-2976	5	2	can	can	AUX
cblr-2976	5	3	only	only	ADV
cblr-2976	5	4	scratch	scratch	VERB
cblr-2976	5	5	the	the	DET
cblr-2976	5	6	surface	surface	NOUN
cblr-2976	5	7	of	of	ADP
cblr-2976	5	8	this	this	DET
cblr-2976	5	9	issue	issue	NOUN
cblr-2976	5	10	,	,	PUNCT
cblr-2976	5	11	of	of	ADP
cblr-2976	5	12	course	course	NOUN
cblr-2976	5	13	,	,	PUNCT
cblr-2976	5	14	but	but	CCONJ
cblr-2976	5	15	i	i	PRON
cblr-2976	5	16	do	do	AUX
cblr-2976	5	17	hope	hope	VERB
cblr-2976	5	18	that	that	SCONJ
cblr-2976	5	19	this	this	DET
cblr-2976	5	20	article	article	NOUN
cblr-2976	5	21	will	will	AUX
cblr-2976	5	22	provide	provide	VERB
cblr-2976	5	23	an	an	DET
cblr-2976	5	24	interested	interested	ADJ
cblr-2976	5	25	practitioner	practitioner	NOUN
cblr-2976	5	26	with	with	ADP
cblr-2976	5	27	a	a	DET
cblr-2976	5	28	quick	quick	ADJ
cblr-2976	5	29	guide	guide	NOUN
cblr-2976	5	30	to	to	ADP
cblr-2976	5	31	the	the	DET
cblr-2976	5	32	modern	modern	ADJ
cblr-2976	5	33	literature	literature	NOUN
cblr-2976	5	34	on	on	ADP
cblr-2976	5	35	this	this	DET
cblr-2976	5	36	topic	topic	NOUN
cblr-2976	5	37	and	and	CCONJ
cblr-2976	5	38	also	also	ADV
cblr-2976	5	39	offer	offer	VERB
cblr-2976	5	40	some	some	DET
cblr-2976	5	41	insights	insight	NOUN
cblr-2976	5	42	into	into	ADP
cblr-2976	5	43	the	the	DET
cblr-2976	5	44	type	type	NOUN
cblr-2976	5	45	of	of	ADP
cblr-2976	5	46	evidence	evidence	NOUN
cblr-2976	5	47	that	that	PRON
cblr-2976	5	48	may	may	AUX
cblr-2976	5	49	be	be	AUX
cblr-2976	5	50	relevant	relevant	ADJ
cblr-2976	5	51	in	in	ADP
cblr-2976	5	52	a	a	DET
cblr-2976	5	53	coordinated	coordinate	VERB
cblr-2976	5	54	effects	effect	NOUN
cblr-2976	5	55	merger	merger	NOUN
cblr-2976	5	56	case.1	case.1	PUNCT
cblr-2976	6	1	the	the	DET
cblr-2976	6	2	article	article	NOUN
cblr-2976	6	3	closes	close	VERB
cblr-2976	6	4	with	with	ADP
cblr-2976	6	5	a	a	DET
cblr-2976	6	6	few	few	ADJ
cblr-2976	6	7	remarks	remark	NOUN
cblr-2976	6	8	on	on	ADP
cblr-2976	6	9	the	the	DET
cblr-2976	6	10	public	public	ADJ
cblr-2976	6	11	policy	policy	NOUN
cblr-2976	6	12	issues	issue	NOUN
cblr-2976	6	13	that	that	PRON
cblr-2976	6	14	are	be	AUX
cblr-2976	6	15	triggered	trigger	VERB
cblr-2976	6	16	by	by	ADP
cblr-2976	6	17	potential	potential	ADJ
cblr-2976	6	18	challenges	challenge	NOUN
cblr-2976	6	19	to	to	ADP
cblr-2976	6	20	a	a	DET
cblr-2976	6	21	merger	merger	NOUN
cblr-2976	6	22	through	through	ADP
cblr-2976	6	23	coordinated	coordinate	VERB
cblr-2976	6	24	effects	effect	NOUN
cblr-2976	6	25	.	.	PUNCT
cblr-2976	7	1	in	in	ADP
cblr-2976	7	2	this	this	DET
cblr-2976	7	3	respect	respect	NOUN
cblr-2976	7	4	,	,	PUNCT
cblr-2976	7	5	it	it	PRON
cblr-2976	7	6	is	be	AUX
cblr-2976	7	7	important	important	ADJ
cblr-2976	7	8	to	to	PART
cblr-2976	7	9	recognize	recognize	VERB
cblr-2976	7	10	that	that	SCONJ
cblr-2976	7	11	,	,	PUNCT
cblr-2976	7	12	as	as	SCONJ
cblr-2976	7	13	compared	compare	VERB
cblr-2976	7	14	to	to	ADP
cblr-2976	7	15	unilateral	unilateral	ADJ
cblr-2976	7	16	effects	effect	NOUN
cblr-2976	7	17	analyses	analysis	NOUN
cblr-2976	7	18	,	,	PUNCT
cblr-2976	7	19	there	there	PRON
cblr-2976	7	20	is	be	VERB
cblr-2976	7	21	much	much	ADV
cblr-2976	7	22	less	less	ADV
cblr-2976	7	23	analytical	analytical	ADJ
cblr-2976	7	24	rigor	rigor	NOUN
cblr-2976	7	25	and	and	CCONJ
cblr-2976	7	26	much	much	ADV
cblr-2976	7	27	more	more	ADJ
cblr-2976	7	28	reliance	reliance	NOUN
cblr-2976	7	29	on	on	ADP
cblr-2976	7	30	a	a	DET
cblr-2976	7	31	broad	broad	ADJ
cblr-2976	7	32	range	range	NOUN
cblr-2976	7	33	of	of	ADP
cblr-2976	7	34	qualitative	qualitative	ADJ
cblr-2976	7	35	indicators	indicator	NOUN
cblr-2976	7	36	when	when	SCONJ
cblr-2976	7	37	gauging	gauge	VERB
cblr-2976	7	38	the	the	DET
cblr-2976	7	39	likelihood	likelihood	NOUN
cblr-2976	7	40	of	of	ADP
cblr-2976	7	41	such	such	ADJ
cblr-2976	7	42	effects	effect	NOUN
cblr-2976	7	43	.	.	PUNCT
cblr-2976	8	1	this	this	DET
cblr-2976	8	2	*	*	PUNCT
cblr-2976	8	3	professor	professor	NOUN
cblr-2976	8	4	of	of	ADP
cblr-2976	8	5	economics	economic	NOUN
cblr-2976	8	6	,	,	PUNCT
cblr-2976	8	7	new	new	PROPN
cblr-2976	8	8	york	york	PROPN
cblr-2976	8	9	university	university	PROPN
cblr-2976	8	10	,	,	PUNCT
cblr-2976	8	11	and	and	CCONJ
cblr-2976	8	12	special	special	ADJ
cblr-2976	8	13	consultant	consultant	NOUN
cblr-2976	8	14	,	,	PUNCT
cblr-2976	8	15	competition	competition	NOUN
cblr-2976	8	16	policy	policy	NOUN
cblr-2976	8	17	associates	associate	NOUN
cblr-2976	8	18	,	,	PUNCT
cblr-2976	8	19	washington	washington	PROPN
cblr-2976	8	20	,	,	PUNCT
cblr-2976	8	21	d.c	d.c	PROPN
cblr-2976	8	22	.	.	PUNCT
cblr-2976	8	23	'	'	PUNCT
cblr-2976	9	1	in	in	ADP
cblr-2976	9	2	the	the	DET
cblr-2976	9	3	eu	eu	PROPN
cblr-2976	9	4	,	,	PUNCT
cblr-2976	9	5	"	"	PUNCT
cblr-2976	9	6	coordinated	coordinated	ADJ
cblr-2976	9	7	effects	effect	NOUN
cblr-2976	9	8	"	"	PUNCT
cblr-2976	9	9	go	go	VERB
cblr-2976	9	10	under	under	ADP
cblr-2976	9	11	the	the	DET
cblr-2976	9	12	rubric	rubric	NOUN
cblr-2976	9	13	of	of	ADP
cblr-2976	9	14	"	"	PUNCT
cblr-2976	9	15	joint	joint	ADJ
cblr-2976	9	16	dominance	dominance	NOUN
cblr-2976	9	17	.	.	PUNCT
cblr-2976	9	18	"	"	PUNCT
cblr-2976	10	1	in	in	ADP
cblr-2976	10	2	the	the	DET
cblr-2976	10	3	technical	technical	ADJ
cblr-2976	10	4	economic	economic	ADJ
cblr-2976	10	5	literature	literature	NOUN
cblr-2976	10	6	,	,	PUNCT
cblr-2976	10	7	"	"	PUNCT
cblr-2976	10	8	coordinated	coordinated	ADJ
cblr-2976	10	9	effects	effect	NOUN
cblr-2976	10	10	"	"	PUNCT
cblr-2976	10	11	overlap	overlap	NOUN
cblr-2976	10	12	with	with	ADP
cblr-2976	10	13	"	"	PUNCT
cblr-2976	10	14	tacit	tacit	ADJ
cblr-2976	10	15	collusion	collusion	NOUN
cblr-2976	10	16	.	.	PUNCT
cblr-2976	10	17	"	"	PUNCT
cblr-2976	10	18	makes	make	VERB
cblr-2976	10	19	counseling	counseling	NOUN
cblr-2976	10	20	more	more	ADV
cblr-2976	10	21	difficult	difficult	ADJ
cblr-2976	10	22	and	and	CCONJ
cblr-2976	10	23	litigation	litigation	NOUN
cblr-2976	10	24	much	much	ADV
cblr-2976	10	25	more	more	ADV
cblr-2976	10	26	unpredictable	unpredictable	ADJ
cblr-2976	10	27	.	.	PUNCT
cblr-2976	11	1	indeed	indeed	ADV
cblr-2976	11	2	,	,	PUNCT
cblr-2976	11	3	one	one	PRON
cblr-2976	11	4	often	often	ADV
cblr-2976	11	5	hears	hear	VERB
cblr-2976	11	6	that	that	SCONJ
cblr-2976	11	7	while	while	SCONJ
cblr-2976	11	8	a	a	DET
cblr-2976	11	9	reduction	reduction	NOUN
cblr-2976	11	10	in	in	ADP
cblr-2976	11	11	a	a	DET
cblr-2976	11	12	market	market	NOUN
cblr-2976	11	13	from	from	ADP
cblr-2976	11	14	"	"	PUNCT
cblr-2976	11	15	5	5	NUM
cblr-2976	11	16	to	to	PART
cblr-2976	11	17	4	4	NUM
cblr-2976	11	18	"	"	PUNCT
cblr-2976	11	19	firms	firm	NOUN
cblr-2976	11	20	likely	likely	ADV
cblr-2976	11	21	will	will	AUX
cblr-2976	11	22	be	be	AUX
cblr-2976	11	23	"	"	PUNCT
cblr-2976	11	24	okay	okay	ADJ
cblr-2976	11	25	"	"	PUNCT
cblr-2976	11	26	with	with	ADP
cblr-2976	11	27	the	the	DET
cblr-2976	11	28	reviewing	reviewing	NOUN
cblr-2976	11	29	agency	agency	NOUN
cblr-2976	11	30	,	,	PUNCT
cblr-2976	11	31	going	go	VERB
cblr-2976	11	32	from	from	ADP
cblr-2976	11	33	"	"	PUNCT
cblr-2976	11	34	4	4	NUM
cblr-2976	11	35	to	to	PART
cblr-2976	11	36	3	3	NUM
cblr-2976	11	37	"	"	PUNCT
cblr-2976	11	38	can	can	AUX
cblr-2976	11	39	create	create	VERB
cblr-2976	11	40	a	a	DET
cblr-2976	11	41	serious	serious	ADJ
cblr-2976	11	42	risk	risk	NOUN
cblr-2976	11	43	of	of	ADP
cblr-2976	11	44	a	a	DET
cblr-2976	11	45	challenge	challenge	NOUN
cblr-2976	11	46	.	.	PUNCT
cblr-2976	12	1	actually	actually	ADV
cblr-2976	12	2	,	,	PUNCT
cblr-2976	12	3	in	in	ADP
cblr-2976	12	4	the	the	DET
cblr-2976	12	5	coordinated	coordinate	VERB
cblr-2976	12	6	effects	effect	NOUN
cblr-2976	12	7	area	area	NOUN
cblr-2976	12	8	,	,	PUNCT
cblr-2976	12	9	matters	matter	NOUN
cblr-2976	12	10	are	be	AUX
cblr-2976	12	11	often	often	ADV
cblr-2976	12	12	more	more	ADV
cblr-2976	12	13	(	(	PUNCT
cblr-2976	12	14	or	or	CCONJ
cblr-2976	12	15	less	less	ADJ
cblr-2976	12	16	)	)	PUNCT
cblr-2976	12	17	complicated	complicated	ADJ
cblr-2976	12	18	than	than	ADP
cblr-2976	12	19	that	that	PRON
cblr-2976	12	20	,	,	PUNCT
cblr-2976	12	21	and	and	CCONJ
cblr-2976	12	22	good	good	ADJ
cblr-2976	12	23	evidence	evidence	NOUN
cblr-2976	12	24	that	that	PRON
cblr-2976	12	25	is	be	AUX
cblr-2976	12	26	clearly	clearly	ADV
cblr-2976	12	27	presented	present	VERB
cblr-2976	12	28	can	can	AUX
cblr-2976	12	29	overcome	overcome	VERB
cblr-2976	12	30	initial	initial	ADJ
cblr-2976	12	31	skepticism	skepticism	NOUN
cblr-2976	12	32	by	by	ADP
cblr-2976	12	33	the	the	DET
cblr-2976	12	34	agency	agency	NOUN
cblr-2976	12	35	's	's	PART
cblr-2976	12	36	staff	staff	NOUN
cblr-2976	12	37	and	and	CCONJ
cblr-2976	12	38	also	also	ADV
cblr-2976	12	39	sway	sway	VERB
cblr-2976	12	40	the	the	DET
cblr-2976	12	41	judge	judge	NOUN
cblr-2976	12	42	.	.	PUNCT
cblr-2976	13	1	ii	ii	PROPN
cblr-2976	13	2	.	.	PUNCT
cblr-2976	13	3	basic	basic	ADJ
cblr-2976	13	4	economics	economic	NOUN
cblr-2976	13	5	of	of	ADP
cblr-2976	13	6	merger	merger	NOUN
cblr-2976	13	7	effects	effect	NOUN
cblr-2976	13	8	mergers	merger	NOUN
cblr-2976	13	9	are	be	AUX
cblr-2976	13	10	typically	typically	ADV
cblr-2976	13	11	analyzed	analyze	VERB
cblr-2976	13	12	under	under	ADP
cblr-2976	13	13	the	the	DET
cblr-2976	13	14	1992	1992	NUM
cblr-2976	13	15	agency	agency	NOUN
cblr-2976	13	16	merger	merger	NOUN
cblr-2976	13	17	guidelines,2	guidelines,2	NOUN
cblr-2976	13	18	which	which	PRON
cblr-2976	13	19	identify	identify	VERB
cblr-2976	13	20	two	two	NUM
cblr-2976	13	21	non	non	ADJ
cblr-2976	13	22	-	-	ADJ
cblr-2976	13	23	exclusive	exclusive	ADJ
cblr-2976	13	24	types	type	NOUN
cblr-2976	13	25	of	of	ADP
cblr-2976	13	26	competitive	competitive	ADJ
cblr-2976	13	27	effects	effect	NOUN
cblr-2976	13	28	that	that	PRON
cblr-2976	13	29	a	a	DET
cblr-2976	13	30	merger	merger	NOUN
cblr-2976	13	31	may	may	AUX
cblr-2976	13	32	engender	engender	VERB
cblr-2976	13	33	.	.	PUNCT
cblr-2976	14	1	these	these	PRON
cblr-2976	14	2	are	be	AUX
cblr-2976	14	3	classified	classify	VERB
cblr-2976	14	4	under	under	ADP
cblr-2976	14	5	the	the	DET
cblr-2976	14	6	rubrics	rubric	NOUN
cblr-2976	14	7	of	of	ADP
cblr-2976	14	8	unilateral	unilateral	ADJ
cblr-2976	14	9	effects	effect	NOUN
cblr-2976	14	10	and	and	CCONJ
cblr-2976	14	11	coordinated	coordinated	ADJ
cblr-2976	14	12	effects	effect	NOUN
cblr-2976	14	13	.	.	PUNCT
cblr-2976	15	1	there	there	PRON
cblr-2976	15	2	may	may	AUX
cblr-2976	15	3	be	be	AUX
cblr-2976	15	4	situations	situation	NOUN
cblr-2976	15	5	in	in	ADP
cblr-2976	15	6	which	which	PRON
cblr-2976	15	7	both	both	CCONJ
cblr-2976	15	8	coordinated	coordinate	VERB
cblr-2976	15	9	effects	effect	NOUN
cblr-2976	15	10	as	as	ADV
cblr-2976	15	11	well	well	ADV
cblr-2976	15	12	as	as	ADP
cblr-2976	15	13	unilateral	unilateral	ADJ
cblr-2976	15	14	effects	effect	NOUN
cblr-2976	15	15	are	be	AUX
cblr-2976	15	16	going	go	VERB
cblr-2976	15	17	to	to	PART
cblr-2976	15	18	be	be	AUX
cblr-2976	15	19	a	a	DET
cblr-2976	15	20	subject	subject	NOUN
cblr-2976	15	21	of	of	ADP
cblr-2976	15	22	concern	concern	NOUN
cblr-2976	15	23	,	,	PUNCT
cblr-2976	15	24	and	and	CCONJ
cblr-2976	15	25	the	the	DET
cblr-2976	15	26	agencies	agency	NOUN
cblr-2976	15	27	will	will	AUX
cblr-2976	15	28	devote	devote	VERB
cblr-2976	15	29	necessary	necessary	ADJ
cblr-2976	15	30	resources	resource	NOUN
cblr-2976	15	31	to	to	PART
cblr-2976	15	32	address	address	VERB
cblr-2976	15	33	both	both	PRON
cblr-2976	15	34	of	of	ADP
cblr-2976	15	35	them	they	PRON
cblr-2976	15	36	,	,	PUNCT
cblr-2976	15	37	although	although	SCONJ
cblr-2976	15	38	at	at	ADP
cblr-2976	15	39	some	some	DET
cblr-2976	15	40	point	point	NOUN
cblr-2976	15	41	the	the	DET
cblr-2976	15	42	focus	focus	NOUN
cblr-2976	15	43	may	may	AUX
cblr-2976	15	44	shift	shift	VERB
cblr-2976	15	45	from	from	ADP
cblr-2976	15	46	one	one	NUM
cblr-2976	15	47	to	to	ADP
cblr-2976	15	48	the	the	DET
cblr-2976	15	49	other	other	ADJ
cblr-2976	15	50	as	as	SCONJ
cblr-2976	15	51	evidence	evidence	NOUN
cblr-2976	15	52	develops	develop	VERB
cblr-2976	15	53	.	.	PUNCT
cblr-2976	16	1	consequently	consequently	ADV
cblr-2976	16	2	,	,	PUNCT
cblr-2976	16	3	when	when	SCONJ
cblr-2976	16	4	counseling	counseling	NOUN
cblr-2976	16	5	parties	party	NOUN
cblr-2976	16	6	to	to	ADP
cblr-2976	16	7	the	the	DET
cblr-2976	16	8	merger	merger	NOUN
cblr-2976	16	9	,	,	PUNCT
cblr-2976	16	10	it	it	PRON
cblr-2976	16	11	is	be	AUX
cblr-2976	16	12	important	important	ADJ
cblr-2976	16	13	that	that	SCONJ
cblr-2976	16	14	both	both	DET
cblr-2976	16	15	types	type	NOUN
cblr-2976	16	16	of	of	ADP
cblr-2976	16	17	effects	effect	NOUN
cblr-2976	16	18	are	be	AUX
cblr-2976	16	19	given	give	VERB
cblr-2976	16	20	a	a	DET
cblr-2976	16	21	preliminary	preliminary	ADJ
cblr-2976	16	22	assessment	assessment	NOUN
cblr-2976	16	23	.	.	PUNCT
cblr-2976	17	1	in	in	ADP
cblr-2976	17	2	this	this	DET
cblr-2976	17	3	article	article	NOUN
cblr-2976	17	4	,	,	PUNCT
cblr-2976	17	5	as	as	SCONJ
cblr-2976	17	6	noted	note	VERB
cblr-2976	17	7	,	,	PUNCT
cblr-2976	17	8	the	the	DET
cblr-2976	17	9	focus	focus	NOUN
cblr-2976	17	10	is	be	AUX
cblr-2976	17	11	on	on	ADP
cblr-2976	17	12	coordinated	coordinated	ADJ
cblr-2976	17	13	effects	effect	NOUN
cblr-2976	17	14	,	,	PUNCT
cblr-2976	17	15	but	but	CCONJ
cblr-2976	17	16	these	these	PRON
cblr-2976	17	17	are	be	AUX
cblr-2976	17	18	best	well	ADV
cblr-2976	17	19	introduced	introduce	VERB
cblr-2976	17	20	by	by	ADP
cblr-2976	17	21	means	mean	NOUN
cblr-2976	17	22	of	of	ADP
cblr-2976	17	23	a	a	DET
cblr-2976	17	24	quick	quick	ADJ
cblr-2976	17	25	run	run	NOUN
cblr-2976	17	26	-	-	PUNCT
cblr-2976	17	27	through	through	NOUN
cblr-2976	17	28	of	of	ADP
cblr-2976	17	29	the	the	DET
cblr-2976	17	30	economics	economic	NOUN
cblr-2976	17	31	of	of	ADP
cblr-2976	17	32	unilateral	unilateral	ADJ
cblr-2976	17	33	effects	effect	NOUN
cblr-2976	17	34	.	.	PUNCT
cblr-2976	18	1	a.	a.	NOUN
cblr-2976	18	2	unilateral	unilateral	ADJ
cblr-2976	18	3	effects	effect	NOUN
cblr-2976	18	4	over	over	ADP
cblr-2976	18	5	the	the	DET
cblr-2976	18	6	past	past	ADJ
cblr-2976	18	7	several	several	ADJ
cblr-2976	18	8	years	year	NOUN
cblr-2976	18	9	,	,	PUNCT
cblr-2976	18	10	unilateral	unilateral	ADJ
cblr-2976	18	11	effects	effect	NOUN
cblr-2976	18	12	were	be	AUX
cblr-2976	18	13	in	in	ADP
cblr-2976	18	14	the	the	DET
cblr-2976	18	15	forefront	forefront	NOUN
cblr-2976	18	16	of	of	ADP
cblr-2976	18	17	both	both	DET
cblr-2976	18	18	technical	technical	ADJ
cblr-2976	18	19	developments	development	NOUN
cblr-2976	18	20	in	in	ADP
cblr-2976	18	21	antitrust	antitrust	ADJ
cblr-2976	18	22	economics	economic	NOUN
cblr-2976	18	23	and	and	CCONJ
cblr-2976	18	24	complex	complex	ADJ
cblr-2976	18	25	litigation	litigation	NOUN
cblr-2976	18	26	.	.	PUNCT
cblr-2976	18	27	'	'	PUNCT
cblr-2976	19	1	at	at	ADV
cblr-2976	19	2	least	least	ADJ
cblr-2976	19	3	some	some	PRON
cblr-2976	19	4	readers	reader	NOUN
cblr-2976	19	5	of	of	ADP
cblr-2976	19	6	2	2	NUM
cblr-2976	19	7	u.s	u.s	PROPN
cblr-2976	19	8	.	.	PROPN
cblr-2976	19	9	dep't	dep't	NOUN
cblr-2976	19	10	of	of	ADP
cblr-2976	19	11	justice	justice	NOUN
cblr-2976	19	12	and	and	CCONJ
cblr-2976	19	13	federal	federal	ADJ
cblr-2976	19	14	trade	trade	NOUN
cblr-2976	19	15	comm'n	comm'n	PROPN
cblr-2976	19	16	,	,	PUNCT
cblr-2976	19	17	1992	1992	NUM
cblr-2976	19	18	horizontal	horizontal	ADJ
cblr-2976	19	19	merger	merger	NOUN
cblr-2976	19	20	guidelines	guideline	NOUN
cblr-2976	19	21	(	(	PUNCT
cblr-2976	19	22	1992	1992	NUM
cblr-2976	19	23	)	)	PUNCT
cblr-2976	19	24	(	(	PUNCT
cblr-2976	19	25	rev'd	rev'd	VERB
cblr-2976	19	26	,	,	PUNCT
cblr-2976	19	27	apr	apr	PROPN
cblr-2976	19	28	.	.	PROPN
cblr-2976	19	29	8	8	NUM
cblr-2976	19	30	,	,	PUNCT
cblr-2976	19	31	1997	1997	NUM
cblr-2976	19	32	)	)	PUNCT
cblr-2976	19	33	,	,	PUNCT
cblr-2976	19	34	available	available	ADJ
cblr-2976	19	35	at	at	ADP
cblr-2976	19	36	http://www.ftc.gov/bddocs/horizmer.htm	http://www.ftc.gov/bddocs/horizmer.htm	PRON
cblr-2976	20	1	[	[	X
cblr-2976	20	2	hereinafter	hereinafter	NOUN
cblr-2976	20	3	merger	merger	NOUN
cblr-2976	20	4	guidelines	guideline	NOUN
cblr-2976	20	5	]	]	PUNCT
cblr-2976	20	6	.	.	PUNCT
cblr-2976	20	7	'	'	PUNCT
cblr-2976	20	8	see	see	VERB
cblr-2976	20	9	thomas	thomas	PROPN
cblr-2976	20	10	0	0	PROPN
cblr-2976	20	11	.	.	PUNCT
cblr-2976	21	1	barnett	barnett	PROPN
cblr-2976	21	2	,	,	PUNCT
cblr-2976	21	3	substantial	substantial	ADJ
cblr-2976	21	4	lessening	lessening	NOUN
cblr-2976	21	5	of	of	ADP
cblr-2976	21	6	competition	competition	NOUN
cblr-2976	21	7	-	-	PUNCT
cblr-2976	21	8	the	the	DET
cblr-2976	21	9	section	section	NOUN
cblr-2976	21	10	7	7	NUM
cblr-2976	21	11	standard	standard	NOUN
cblr-2976	21	12	,	,	PUNCT
cblr-2976	21	13	2005	2005	NUM
cblr-2976	21	14	colum	colum	NOUN
cblr-2976	21	15	.	.	PUNCT
cblr-2976	22	1	bus	bus	NOUN
cblr-2976	22	2	.	.	PUNCT
cblr-2976	23	1	l.	l.	PROPN
cblr-2976	23	2	rev	rev	PROPN
cblr-2976	23	3	.	.	PROPN
cblr-2976	23	4	293	293	NUM
cblr-2976	23	5	,	,	PUNCT
cblr-2976	23	6	301	301	NUM
cblr-2976	23	7	(	(	PUNCT
cblr-2976	23	8	2005	2005	NUM
cblr-2976	23	9	)	)	PUNCT
cblr-2976	23	10	(	(	PUNCT
cblr-2976	23	11	referring	refer	VERB
cblr-2976	23	12	to	to	ADP
cblr-2976	23	13	the	the	DET
cblr-2976	23	14	"	"	PUNCT
cblr-2976	23	15	proliferation	proliferation	NOUN
cblr-2976	23	16	of	of	ADP
cblr-2976	23	17	unilateral	unilateral	ADJ
cblr-2976	23	18	effects	effect	NOUN
cblr-2976	23	19	theories	theory	NOUN
cblr-2976	23	20	over	over	ADP
cblr-2976	23	21	the	the	DET
cblr-2976	23	22	last	last	ADJ
cblr-2976	23	23	decade	decade	NOUN
cblr-2976	23	24	,	,	PUNCT
cblr-2976	23	25	thanks	thank	NOUN
cblr-2976	23	26	largely	largely	ADV
cblr-2976	23	27	to	to	ADP
cblr-2976	23	28	the	the	DET
cblr-2976	23	29	work	work	NOUN
cblr-2976	23	30	of	of	ADP
cblr-2976	23	31	many	many	ADJ
cblr-2976	23	32	excellent	excellent	ADJ
cblr-2976	23	33	economists	economist	NOUN
cblr-2976	23	34	"	"	PUNCT
cblr-2976	23	35	)	)	PUNCT
cblr-2976	23	36	;	;	PUNCT
cblr-2976	23	37	margaret	margaret	PROPN
cblr-2976	23	38	e.	e.	PROPN
cblr-2976	23	39	guerin[vol	guerin[vol	PROPN
cblr-2976	23	40	.	.	PUNCT
cblr-2976	24	1	2007col	2007col	NUM
cblr-2976	24	2	uama	uama	PROPN
cblr-2976	25	1	b	b	PROPN
cblr-2976	25	2	usiness	usiness	NOUN
cblr-2976	25	3	la	la	PROPN
cblr-2976	25	4	w	w	PROPN
cblr-2976	25	5	re	re	PROPN
cblr-2976	25	6	vie	vie	PROPN
cblr-2976	25	7	w	w	PROPN
cblr-2976	25	8	no	no	PROPN
cblr-2976	25	9	.	.	PUNCT
cblr-2976	26	1	2:411	2:411	NUM
cblr-2976	26	2	]	]	PUNCT
cblr-2976	26	3	coordinated	coordinate	VERB
cblr-2976	26	4	effects	effect	NOUN
cblr-2976	26	5	in	in	ADP
cblr-2976	26	6	merger	merger	NOUN
cblr-2976	26	7	analysis	analysis	NOUN
cblr-2976	26	8	this	this	DET
cblr-2976	26	9	article	article	NOUN
cblr-2976	26	10	have	have	AUX
cblr-2976	26	11	been	be	AUX
cblr-2976	26	12	exposed	expose	VERB
cblr-2976	26	13	to	to	ADP
cblr-2976	26	14	sophisticated	sophisticated	ADJ
cblr-2976	26	15	analyses	analysis	NOUN
cblr-2976	26	16	by	by	ADP
cblr-2976	26	17	expert	expert	ADJ
cblr-2976	26	18	econometricians	econometrician	NOUN
cblr-2976	26	19	who	who	PRON
cblr-2976	26	20	,	,	PUNCT
cblr-2976	26	21	by	by	ADP
cblr-2976	26	22	means	mean	NOUN
cblr-2976	26	23	of	of	ADP
cblr-2976	26	24	complex	complex	ADJ
cblr-2976	26	25	models	model	NOUN
cblr-2976	26	26	,	,	PUNCT
cblr-2976	26	27	were	be	AUX
cblr-2976	26	28	able	able	ADJ
cblr-2976	26	29	to	to	PART
cblr-2976	26	30	determine	determine	VERB
cblr-2976	26	31	the	the	DET
cblr-2976	26	32	price	price	NOUN
cblr-2976	26	33	effects	effect	NOUN
cblr-2976	26	34	of	of	ADP
cblr-2976	26	35	a	a	DET
cblr-2976	26	36	merger	merger	NOUN
cblr-2976	26	37	between	between	ADP
cblr-2976	26	38	brand	brand	NOUN
cblr-2976	26	39	a	a	PRON
cblr-2976	26	40	of	of	ADP
cblr-2976	26	41	a	a	DET
cblr-2976	26	42	widget	widget	NOUN
cblr-2976	26	43	and	and	CCONJ
cblr-2976	26	44	brand	brand	NOUN
cblr-2976	26	45	x	x	PUNCT
cblr-2976	26	46	of	of	ADP
cblr-2976	26	47	a	a	DET
cblr-2976	26	48	widget	widget	NOUN
cblr-2976	26	49	(	(	PUNCT
cblr-2976	26	50	or	or	CCONJ
cblr-2976	26	51	gadget	gadget	NOUN
cblr-2976	26	52	,	,	PUNCT
cblr-2976	26	53	which	which	PRON
cblr-2976	26	54	is	be	AUX
cblr-2976	26	55	a	a	DET
cblr-2976	26	56	weaker	weak	ADJ
cblr-2976	26	57	substitute	substitute	NOUN
cblr-2976	26	58	for	for	ADP
cblr-2976	26	59	a	a	DET
cblr-2976	26	60	widget	widget	NOUN
cblr-2976	26	61	)	)	PUNCT
cblr-2976	26	62	to	to	ADP
cblr-2976	26	63	the	the	DET
cblr-2976	26	64	second	second	ADJ
cblr-2976	26	65	decimal	decimal	ADJ
cblr-2976	26	66	point	point	NOUN
cblr-2976	26	67	only	only	ADV
cblr-2976	26	68	to	to	PART
cblr-2976	26	69	be	be	AUX
cblr-2976	26	70	confronted	confront	VERB
cblr-2976	26	71	with	with	ADP
cblr-2976	26	72	calculations	calculation	NOUN
cblr-2976	26	73	by	by	ADP
cblr-2976	26	74	the	the	DET
cblr-2976	26	75	agency	agency	NOUN
cblr-2976	26	76	's	's	PART
cblr-2976	26	77	economists	economist	NOUN
cblr-2976	26	78	showing	show	VERB
cblr-2976	26	79	these	these	DET
cblr-2976	26	80	effects	effect	NOUN
cblr-2976	26	81	to	to	PART
cblr-2976	26	82	be	be	AUX
cblr-2976	26	83	much	much	ADV
cblr-2976	26	84	bigger	big	ADJ
cblr-2976	26	85	.	.	PUNCT
cblr-2976	27	1	all	all	PRON
cblr-2976	27	2	of	of	ADP
cblr-2976	27	3	these	these	DET
cblr-2976	27	4	battles	battle	NOUN
cblr-2976	27	5	would	would	AUX
cblr-2976	27	6	have	have	AUX
cblr-2976	27	7	likely	likely	ADV
cblr-2976	27	8	left	leave	VERB
cblr-2976	27	9	professor	professor	NOUN
cblr-2976	27	10	handler	handler	NOUN
cblr-2976	27	11	somewhat	somewhat	ADV
cblr-2976	27	12	baffled	baffle	VERB
cblr-2976	27	13	,	,	PUNCT
cblr-2976	27	14	as	as	ADP
cblr-2976	27	15	,	,	PUNCT
cblr-2976	27	16	at	at	ADP
cblr-2976	27	17	their	their	PRON
cblr-2976	27	18	worst	bad	ADJ
cblr-2976	27	19	,	,	PUNCT
cblr-2976	27	20	they	they	PRON
cblr-2976	27	21	seemed	seem	VERB
cblr-2976	27	22	oddly	oddly	ADV
cblr-2976	27	23	detached	detach	VERB
cblr-2976	27	24	from	from	ADP
cblr-2976	27	25	industry	industry	NOUN
cblr-2976	27	26	realities	reality	NOUN
cblr-2976	27	27	.	.	PUNCT
cblr-2976	28	1	on	on	ADP
cblr-2976	28	2	the	the	DET
cblr-2976	28	3	other	other	ADJ
cblr-2976	28	4	hand	hand	NOUN
cblr-2976	28	5	,	,	PUNCT
cblr-2976	28	6	the	the	DET
cblr-2976	28	7	oracle	oracle	PROPN
cblr-2976	28	8	/peoplesoft4	/peoplesoft4	PROPN
cblr-2976	28	9	litigation	litigation	PROPN
cblr-2976	28	10	aptly	aptly	ADV
cblr-2976	28	11	demonstrates	demonstrate	VERB
cblr-2976	28	12	the	the	DET
cblr-2976	28	13	importance	importance	NOUN
cblr-2976	28	14	of	of	ADP
cblr-2976	28	15	both	both	CCONJ
cblr-2976	28	16	sophisticated	sophisticated	ADJ
cblr-2976	28	17	quantitative	quantitative	ADJ
cblr-2976	28	18	techniques	technique	NOUN
cblr-2976	28	19	and	and	CCONJ
cblr-2976	28	20	the	the	DET
cblr-2976	28	21	relevance	relevance	NOUN
cblr-2976	28	22	of	of	ADP
cblr-2976	28	23	industry	industry	NOUN
cblr-2976	28	24	micro	micro	NOUN
cblr-2976	28	25	-	-	NOUN
cblr-2976	28	26	detail	detail	NOUN
cblr-2976	28	27	for	for	ADP
cblr-2976	28	28	the	the	DET
cblr-2976	28	29	assessment	assessment	NOUN
cblr-2976	28	30	of	of	ADP
cblr-2976	28	31	the	the	DET
cblr-2976	28	32	likely	likely	ADJ
cblr-2976	28	33	unilateral	unilateral	ADJ
cblr-2976	28	34	competitive	competitive	ADJ
cblr-2976	28	35	effects	effect	NOUN
cblr-2976	28	36	.	.	PUNCT
cblr-2976	29	1	what	what	PRON
cblr-2976	29	2	,	,	PUNCT
cblr-2976	29	3	then	then	ADV
cblr-2976	29	4	,	,	PUNCT
cblr-2976	29	5	are	be	AUX
cblr-2976	29	6	these	these	DET
cblr-2976	29	7	unilateral	unilateral	ADJ
cblr-2976	29	8	effects	effect	NOUN
cblr-2976	29	9	,	,	PUNCT
cblr-2976	29	10	and	and	CCONJ
cblr-2976	29	11	how	how	SCONJ
cblr-2976	29	12	do	do	AUX
cblr-2976	29	13	they	they	PRON
cblr-2976	29	14	link	link	VERB
cblr-2976	29	15	to	to	ADP
cblr-2976	29	16	coordinated	coordinate	VERB
cblr-2976	29	17	effects	effect	NOUN
cblr-2976	29	18	,	,	PUNCT
cblr-2976	29	19	the	the	DET
cblr-2976	29	20	subject	subject	NOUN
cblr-2976	29	21	of	of	ADP
cblr-2976	29	22	this	this	DET
cblr-2976	29	23	article	article	NOUN
cblr-2976	29	24	?	?	PUNCT
cblr-2976	30	1	to	to	PART
cblr-2976	30	2	start	start	VERB
cblr-2976	30	3	with	with	ADP
cblr-2976	30	4	,	,	PUNCT
cblr-2976	30	5	let	let	VERB
cblr-2976	30	6	us	we	PRON
cblr-2976	30	7	proceed	proceed	VERB
cblr-2976	30	8	on	on	ADP
cblr-2976	30	9	a	a	DET
cblr-2976	30	10	basis	basis	NOUN
cblr-2976	30	11	of	of	ADP
cblr-2976	30	12	a	a	DET
cblr-2976	30	13	convenient	convenient	ADJ
cblr-2976	30	14	simplification	simplification	NOUN
cblr-2976	30	15	that	that	SCONJ
cblr-2976	30	16	a	a	DET
cblr-2976	30	17	reduction	reduction	NOUN
cblr-2976	30	18	in	in	ADP
cblr-2976	30	19	the	the	DET
cblr-2976	30	20	number	number	NOUN
cblr-2976	30	21	of	of	ADP
cblr-2976	30	22	firms	firm	NOUN
cblr-2976	30	23	in	in	ADP
cblr-2976	30	24	a	a	DET
cblr-2976	30	25	market	market	NOUN
cblr-2976	30	26	can	can	AUX
cblr-2976	30	27	have	have	AUX
cblr-2976	30	28	two	two	NUM
cblr-2976	30	29	types	type	NOUN
cblr-2976	30	30	of	of	ADP
cblr-2976	30	31	effects	effect	NOUN
cblr-2976	30	32	on	on	ADP
cblr-2976	30	33	how	how	SCONJ
cblr-2976	30	34	the	the	DET
cblr-2976	30	35	industry	industry	NOUN
cblr-2976	30	36	performs	perform	VERB
cblr-2976	30	37	-	-	PUNCT
cblr-2976	30	38	i	i	PRON
cblr-2976	30	39	will	will	AUX
cblr-2976	30	40	call	call	VERB
cblr-2976	30	41	them	they	PRON
cblr-2976	30	42	"	"	PUNCT
cblr-2976	30	43	static	static	ADJ
cblr-2976	30	44	effects	effect	NOUN
cblr-2976	30	45	"	"	PUNCT
cblr-2976	30	46	and	and	CCONJ
cblr-2976	30	47	"	"	PUNCT
cblr-2976	30	48	dynamic	dynamic	ADJ
cblr-2976	30	49	effects	effect	NOUN
cblr-2976	30	50	.	.	PUNCT
cblr-2976	30	51	"	"	PUNCT
cblr-2976	31	1	static	static	ADJ
cblr-2976	31	2	(	(	PUNCT
cblr-2976	31	3	or	or	CCONJ
cblr-2976	31	4	unilateral	unilateral	ADJ
cblr-2976	31	5	)	)	PUNCT
cblr-2976	31	6	effects	effect	NOUN
cblr-2976	31	7	capture	capture	VERB
cblr-2976	31	8	the	the	DET
cblr-2976	31	9	impact	impact	NOUN
cblr-2976	31	10	of	of	ADP
cblr-2976	31	11	the	the	DET
cblr-2976	31	12	transaction	transaction	NOUN
cblr-2976	31	13	on	on	ADP
cblr-2976	31	14	the	the	DET
cblr-2976	31	15	parties	party	NOUN
cblr-2976	31	16	'	'	PART
cblr-2976	31	17	incentives	incentive	NOUN
cblr-2976	31	18	and	and	CCONJ
cblr-2976	31	19	ability	ability	NOUN
cblr-2976	31	20	to	to	PART
cblr-2976	31	21	elevate	elevate	VERB
cblr-2976	31	22	prices	price	NOUN
cblr-2976	31	23	or	or	CCONJ
cblr-2976	31	24	lower	low	ADJ
cblr-2976	31	25	quality	quality	NOUN
cblr-2976	31	26	of	of	ADP
cblr-2976	31	27	their	their	PRON
cblr-2976	31	28	product	product	NOUN
cblr-2976	31	29	as	as	ADP
cblr-2976	31	30	a	a	DET
cblr-2976	31	31	result	result	NOUN
cblr-2976	31	32	of	of	ADP
cblr-2976	31	33	the	the	DET
cblr-2976	31	34	merger	merger	NOUN
cblr-2976	31	35	,	,	PUNCT
cblr-2976	31	36	holding	hold	VERB
cblr-2976	31	37	market	market	NOUN
cblr-2976	31	38	behavior	behavior	NOUN
cblr-2976	31	39	(	(	PUNCT
cblr-2976	31	40	e.g.	e.g.	ADV
cblr-2976	31	41	,	,	PUNCT
cblr-2976	31	42	prices	price	NOUN
cblr-2976	31	43	)	)	PUNCT
cblr-2976	31	44	of	of	ADP
cblr-2976	31	45	actual	actual	ADJ
cblr-2976	31	46	and	and	CCONJ
cblr-2976	31	47	potential	potential	ADJ
cblr-2976	31	48	rival	rival	ADJ
cblr-2976	31	49	firms	firm	NOUN
cblr-2976	31	50	unchanged	unchanged	ADJ
cblr-2976	31	51	.	.	PUNCT
cblr-2976	32	1	the	the	DET
cblr-2976	32	2	unilateral	unilateral	ADJ
cblr-2976	32	3	effects	effect	NOUN
cblr-2976	32	4	analysis	analysis	NOUN
cblr-2976	32	5	is	be	AUX
cblr-2976	32	6	concerned	concern	VERB
cblr-2976	32	7	with	with	ADP
cblr-2976	32	8	the	the	DET
cblr-2976	32	9	direction	direction	NOUN
cblr-2976	32	10	and	and	CCONJ
cblr-2976	32	11	the	the	DET
cblr-2976	32	12	magnitude	magnitude	NOUN
cblr-2976	32	13	of	of	ADP
cblr-2976	32	14	these	these	DET
cblr-2976	32	15	unilateral	unilateral	ADJ
cblr-2976	32	16	,	,	PUNCT
cblr-2976	32	17	merger	merger	NOUN
cblr-2976	32	18	-	-	PUNCT
cblr-2976	32	19	induced	induce	VERB
cblr-2976	32	20	effects	effect	NOUN
cblr-2976	32	21	on	on	ADP
cblr-2976	32	22	the	the	DET
cblr-2976	32	23	behavior	behavior	NOUN
cblr-2976	32	24	of	of	ADP
cblr-2976	32	25	merging	merge	VERB
cblr-2976	32	26	parties	party	NOUN
cblr-2976	32	27	and	and	CCONJ
cblr-2976	32	28	with	with	ADP
cblr-2976	32	29	the	the	DET
cblr-2976	32	30	identification	identification	NOUN
cblr-2976	32	31	of	of	ADP
cblr-2976	32	32	various	various	ADJ
cblr-2976	32	33	other	other	ADJ
cblr-2976	32	34	market	market	NOUN
cblr-2976	32	35	forces	force	NOUN
cblr-2976	32	36	that	that	PRON
cblr-2976	32	37	can	can	AUX
cblr-2976	32	38	countervail	countervail	VERB
cblr-2976	32	39	or	or	CCONJ
cblr-2976	32	40	exacerbate	exacerbate	VERB
cblr-2976	32	41	these	these	DET
cblr-2976	32	42	unilateral	unilateral	ADJ
cblr-2976	32	43	effects	effect	NOUN
cblr-2976	32	44	.	.	PUNCT
cblr-2976	33	1	"	"	PUNCT
cblr-2976	33	2	dynamic	dynamic	ADJ
cblr-2976	33	3	effects	effect	NOUN
cblr-2976	33	4	,	,	PUNCT
cblr-2976	33	5	"	"	PUNCT
cblr-2976	33	6	on	on	ADP
cblr-2976	33	7	the	the	DET
cblr-2976	33	8	other	other	ADJ
cblr-2976	33	9	hand	hand	NOUN
cblr-2976	33	10	,	,	PUNCT
cblr-2976	33	11	capture	capture	VERB
cblr-2976	33	12	the	the	DET
cblr-2976	33	13	effects	effect	NOUN
cblr-2976	33	14	of	of	ADP
cblr-2976	33	15	the	the	DET
cblr-2976	33	16	transaction	transaction	NOUN
cblr-2976	33	17	on	on	ADP
cblr-2976	33	18	how	how	SCONJ
cblr-2976	33	19	firms	firm	NOUN
cblr-2976	33	20	compete	compete	VERB
cblr-2976	33	21	against	against	ADP
cblr-2976	33	22	each	each	DET
cblr-2976	33	23	other	other	ADJ
cblr-2976	33	24	over	over	ADP
cblr-2976	33	25	time	time	NOUN
cblr-2976	33	26	,	,	PUNCT
cblr-2976	33	27	with	with	ADP
cblr-2976	33	28	their	their	PRON
cblr-2976	33	29	actions	action	NOUN
cblr-2976	33	30	dependent	dependent	ADJ
cblr-2976	33	31	calvert	calvert	NOUN
cblr-2976	33	32	,	,	PUNCT
cblr-2976	33	33	the	the	DET
cblr-2976	33	34	role	role	NOUN
cblr-2976	33	35	of	of	ADP
cblr-2976	33	36	the	the	DET
cblr-2976	33	37	economist/	economist/	NUM
cblr-2976	33	38	economics	economic	NOUN
cblr-2976	33	39	in	in	ADP
cblr-2976	33	40	"	"	PUNCT
cblr-2976	33	41	proving	prove	VERB
cblr-2976	33	42	"	"	PUNCT
cblr-2976	33	43	coordinated	coordinated	ADJ
cblr-2976	33	44	effects	effect	NOUN
cblr-2976	33	45	,	,	PUNCT
cblr-2976	33	46	2005	2005	NUM
cblr-2976	33	47	colum	colum	NOUN
cblr-2976	33	48	.	.	PUNCT
cblr-2976	34	1	bus	bus	NOUN
cblr-2976	34	2	.	.	PUNCT
cblr-2976	35	1	l.	l.	PROPN
cblr-2976	35	2	rev	rev	PROPN
cblr-2976	35	3	.	.	PROPN
cblr-2976	35	4	345	345	NUM
cblr-2976	35	5	,	,	PUNCT
cblr-2976	35	6	353	353	NUM
cblr-2976	35	7	(	(	PUNCT
cblr-2976	35	8	2005	2005	NUM
cblr-2976	35	9	)	)	PUNCT
cblr-2976	35	10	(	(	PUNCT
cblr-2976	35	11	referring	refer	VERB
cblr-2976	35	12	to	to	ADP
cblr-2976	35	13	the	the	DET
cblr-2976	35	14	"	"	PUNCT
cblr-2976	35	15	extensive	extensive	ADJ
cblr-2976	35	16	empirical	empirical	ADJ
cblr-2976	35	17	analyses	analysis	NOUN
cblr-2976	35	18	of	of	ADP
cblr-2976	35	19	unilateral	unilateral	ADJ
cblr-2976	35	20	effects	effect	NOUN
cblr-2976	35	21	undertaken	undertake	VERB
cblr-2976	35	22	by	by	ADP
cblr-2976	35	23	economists	economist	NOUN
cblr-2976	35	24	in	in	ADP
cblr-2976	35	25	agency	agency	NOUN
cblr-2976	35	26	merger	merger	NOUN
cblr-2976	35	27	reviews	review	NOUN
cblr-2976	35	28	and	and	CCONJ
cblr-2976	35	29	litigation	litigation	NOUN
cblr-2976	35	30	"	"	PUNCT
cblr-2976	35	31	)	)	PUNCT
cblr-2976	35	32	.	.	PUNCT
cblr-2976	36	1	4	4	NUM
cblr-2976	36	2	united	united	PROPN
cblr-2976	36	3	states	states	PROPN
cblr-2976	36	4	v.	v.	PROPN
cblr-2976	36	5	oracle	oracle	PROPN
cblr-2976	36	6	corp	corp	PROPN
cblr-2976	36	7	.	.	PROPN
cblr-2976	36	8	,	,	PUNCT
cblr-2976	36	9	331	331	NUM
cblr-2976	36	10	f.	f.	PROPN
cblr-2976	36	11	supp	supp	PROPN
cblr-2976	36	12	.	.	PUNCT
cblr-2976	37	1	2d	2d	NUM
cblr-2976	37	2	1098	1098	NUM
cblr-2976	37	3	(	(	PUNCT
cblr-2976	37	4	n.d	n.d	PROPN
cblr-2976	37	5	.	.	PROPN
cblr-2976	37	6	cal	cal	PROPN
cblr-2976	37	7	.	.	PUNCT
cblr-2976	37	8	2004	2004	NUM
cblr-2976	37	9	)	)	PUNCT
cblr-2976	37	10	.	.	PUNCT
cblr-2976	38	1	it	it	PRON
cblr-2976	38	2	was	be	AUX
cblr-2976	38	3	clear	clear	ADJ
cblr-2976	38	4	to	to	ADP
cblr-2976	38	5	all	all	DET
cblr-2976	38	6	parties	party	NOUN
cblr-2976	38	7	from	from	ADP
cblr-2976	38	8	early	early	ADV
cblr-2976	38	9	on	on	ADP
cblr-2976	38	10	that	that	DET
cblr-2976	38	11	coordinated	coordinate	VERB
cblr-2976	38	12	effects	effect	NOUN
cblr-2976	38	13	were	be	AUX
cblr-2976	38	14	not	not	PART
cblr-2976	38	15	at	at	ADP
cblr-2976	38	16	issue	issue	NOUN
cblr-2976	38	17	in	in	ADP
cblr-2976	38	18	this	this	DET
cblr-2976	38	19	transaction	transaction	NOUN
cblr-2976	38	20	.	.	PUNCT
cblr-2976	39	1	on	on	ADP
cblr-2976	39	2	what	what	PRON
cblr-2976	39	3	happened	happen	VERB
cblr-2976	39	4	in	in	ADP
cblr-2976	39	5	the	the	DET
cblr-2976	39	6	"	"	PUNCT
cblr-2976	39	7	past	past	NOUN
cblr-2976	39	8	"	"	PUNCT
cblr-2976	39	9	and	and	CCONJ
cblr-2976	39	10	their	their	PRON
cblr-2976	39	11	strategies	strategy	NOUN
cblr-2976	39	12	fully	fully	ADV
cblr-2976	39	13	incorporating	incorporate	VERB
cblr-2976	39	14	"	"	PUNCT
cblr-2976	39	15	future	future	ADJ
cblr-2976	39	16	"	"	PUNCT
cblr-2976	39	17	reactions	reaction	NOUN
cblr-2976	39	18	to	to	ADP
cblr-2976	39	19	rivals	rival	NOUN
cblr-2976	39	20	'	'	PART
cblr-2976	39	21	market	market	NOUN
cblr-2976	39	22	decisions	decision	NOUN
cblr-2976	39	23	(	(	PUNCT
cblr-2976	39	24	such	such	ADJ
cblr-2976	39	25	whether	whether	SCONJ
cblr-2976	39	26	to	to	PART
cblr-2976	39	27	defect	defect	VERB
cblr-2976	39	28	from	from	ADP
cblr-2976	39	29	a	a	DET
cblr-2976	39	30	cooperative	cooperative	ADJ
cblr-2976	39	31	mode	mode	NOUN
cblr-2976	39	32	of	of	ADP
cblr-2976	39	33	behavior).5	behavior).5	NOUN
cblr-2976	39	34	static	static	ADJ
cblr-2976	39	35	effects	effect	NOUN
cblr-2976	39	36	have	have	AUX
cblr-2976	39	37	traditionally	traditionally	ADV
cblr-2976	39	38	been	be	AUX
cblr-2976	39	39	easier	easy	ADJ
cblr-2976	39	40	for	for	SCONJ
cblr-2976	39	41	economists	economist	NOUN
cblr-2976	39	42	to	to	PART
cblr-2976	39	43	model	model	VERB
cblr-2976	39	44	and	and	CCONJ
cblr-2976	39	45	analyze	analyze	VERB
cblr-2976	39	46	rigorously	rigorously	ADV
cblr-2976	39	47	.	.	PUNCT
cblr-2976	40	1	in	in	ADP
cblr-2976	40	2	fact	fact	NOUN
cblr-2976	40	3	,	,	PUNCT
cblr-2976	40	4	the	the	DET
cblr-2976	40	5	two	two	NUM
cblr-2976	40	6	building	building	NOUN
cblr-2976	40	7	blocks	block	NOUN
cblr-2976	40	8	that	that	PRON
cblr-2976	40	9	underlie	underlie	ADJ
cblr-2976	40	10	unilateral	unilateral	ADJ
cblr-2976	40	11	effects	effect	NOUN
cblr-2976	40	12	analysis	analysis	NOUN
cblr-2976	40	13	are	be	AUX
cblr-2976	40	14	now	now	ADV
cblr-2976	40	15	over	over	ADP
cblr-2976	40	16	150	150	NUM
cblr-2976	40	17	years	year	NOUN
cblr-2976	40	18	old	old	ADJ
cblr-2976	40	19	.	.	PUNCT
cblr-2976	41	1	there	there	PRON
cblr-2976	41	2	are	be	VERB
cblr-2976	41	3	two	two	NUM
cblr-2976	41	4	key	key	ADJ
cblr-2976	41	5	static	static	ADJ
cblr-2976	41	6	models	model	NOUN
cblr-2976	41	7	of	of	ADP
cblr-2976	41	8	oligopoly	oligopoly	NOUN
cblr-2976	41	9	used	use	VERB
cblr-2976	41	10	in	in	ADP
cblr-2976	41	11	antitrust	antitrust	NOUN
cblr-2976	41	12	that	that	PRON
cblr-2976	41	13	predict	predict	VERB
cblr-2976	41	14	unilateral	unilateral	ADJ
cblr-2976	41	15	effects	effect	NOUN
cblr-2976	41	16	.	.	PUNCT
cblr-2976	42	1	these	these	PRON
cblr-2976	42	2	are	be	AUX
cblr-2976	42	3	the	the	DET
cblr-2976	42	4	cournot	cournot	ADJ
cblr-2976	42	5	model	model	NOUN
cblr-2976	42	6	,	,	PUNCT
cblr-2976	42	7	which	which	PRON
cblr-2976	42	8	is	be	AUX
cblr-2976	42	9	best	well	ADV
cblr-2976	42	10	suited	suit	VERB
cblr-2976	42	11	to	to	ADP
cblr-2976	42	12	oligopoly	oligopoly	ADJ
cblr-2976	42	13	markets	market	NOUN
cblr-2976	42	14	in	in	ADP
cblr-2976	42	15	which	which	PRON
cblr-2976	42	16	firms	firm	NOUN
cblr-2976	42	17	sell	sell	VERB
cblr-2976	42	18	highly	highly	ADV
cblr-2976	42	19	similar	similar	ADJ
cblr-2976	42	20	products	product	NOUN
cblr-2976	42	21	and	and	CCONJ
cblr-2976	42	22	compete	compete	VERB
cblr-2976	42	23	by	by	ADP
cblr-2976	42	24	making	make	VERB
cblr-2976	42	25	output	output	NOUN
cblr-2976	42	26	and	and	CCONJ
cblr-2976	42	27	capacity	capacity	NOUN
cblr-2976	42	28	decisions	decision	NOUN
cblr-2976	42	29	,	,	PUNCT
cblr-2976	42	30	and	and	CCONJ
cblr-2976	42	31	the	the	DET
cblr-2976	42	32	bertrand	bertrand	PROPN
cblr-2976	42	33	model	model	PROPN
cblr-2976	42	34	,	,	PUNCT
cblr-2976	42	35	which	which	PRON
cblr-2976	42	36	is	be	AUX
cblr-2976	42	37	best	well	ADV
cblr-2976	42	38	suited	suit	VERB
cblr-2976	42	39	to	to	ADP
cblr-2976	42	40	oligopoly	oligopoly	ADJ
cblr-2976	42	41	markets	market	NOUN
cblr-2976	42	42	in	in	ADP
cblr-2976	42	43	which	which	PRON
cblr-2976	42	44	firms	firm	NOUN
cblr-2976	42	45	compete	compete	VERB
cblr-2976	42	46	on	on	ADP
cblr-2976	42	47	price	price	NOUN
cblr-2976	42	48	and	and	CCONJ
cblr-2976	42	49	sell	sell	VERB
cblr-2976	42	50	differentiated	differentiate	VERB
cblr-2976	42	51	products.6	products.6	PROPN
cblr-2976	42	52	the	the	DET
cblr-2976	42	53	basic	basic	ADJ
cblr-2976	42	54	idea	idea	NOUN
cblr-2976	42	55	behind	behind	ADP
cblr-2976	42	56	each	each	PRON
cblr-2976	42	57	of	of	ADP
cblr-2976	42	58	these	these	DET
cblr-2976	42	59	models	model	NOUN
cblr-2976	42	60	is	be	AUX
cblr-2976	42	61	that	that	SCONJ
cblr-2976	42	62	firms	firm	NOUN
cblr-2976	42	63	make	make	VERB
cblr-2976	42	64	their	their	PRON
cblr-2976	42	65	pricing	pricing	NOUN
cblr-2976	42	66	and	and	CCONJ
cblr-2976	42	67	output	output	NOUN
cblr-2976	42	68	decisions	decision	NOUN
cblr-2976	42	69	with	with	ADP
cblr-2976	42	70	full	full	ADJ
cblr-2976	42	71	regard	regard	NOUN
cblr-2976	42	72	to	to	ADP
cblr-2976	42	73	the	the	DET
cblr-2976	42	74	pricing	pricing	NOUN
cblr-2976	42	75	decisions	decision	NOUN
cblr-2976	42	76	of	of	ADP
cblr-2976	42	77	their	their	PRON
cblr-2976	42	78	rivals	rival	NOUN
cblr-2976	42	79	but	but	CCONJ
cblr-2976	42	80	take	take	VERB
cblr-2976	42	81	these	these	DET
cblr-2976	42	82	decisions	decision	NOUN
cblr-2976	42	83	as	as	ADP
cblr-2976	42	84	"	"	PUNCT
cblr-2976	42	85	fixed	fix	VERB
cblr-2976	42	86	.	.	PUNCT
cblr-2976	42	87	"	"	PUNCT
cblr-2976	43	1	for	for	ADP
cblr-2976	43	2	example	example	NOUN
cblr-2976	43	3	,	,	PUNCT
cblr-2976	43	4	in	in	ADP
cblr-2976	43	5	a	a	DET
cblr-2976	43	6	cournot	cournot	ADJ
cblr-2976	43	7	model	model	NOUN
cblr-2976	43	8	,	,	PUNCT
cblr-2976	43	9	the	the	DET
cblr-2976	43	10	owner	owner	NOUN
cblr-2976	43	11	of	of	ADP
cblr-2976	43	12	a	a	DET
cblr-2976	43	13	number	number	NOUN
cblr-2976	43	14	of	of	ADP
cblr-2976	43	15	coal	coal	NOUN
cblr-2976	43	16	mines	mine	NOUN
cblr-2976	43	17	decides	decide	VERB
cblr-2976	43	18	how	how	SCONJ
cblr-2976	43	19	much	much	ADJ
cblr-2976	43	20	coal	coal	NOUN
cblr-2976	43	21	to	to	ADP
cblr-2976	43	22	mine	mine	NOUN
cblr-2976	43	23	taking	take	VERB
cblr-2976	43	24	as	as	SCONJ
cblr-2976	43	25	given	give	VERB
cblr-2976	43	26	her	she	PRON
cblr-2976	43	27	best	good	ADJ
cblr-2976	43	28	guess	guess	NOUN
cblr-2976	43	29	as	as	ADP
cblr-2976	43	30	to	to	ADP
cblr-2976	43	31	the	the	DET
cblr-2976	43	32	mining	mining	NOUN
cblr-2976	43	33	decisions	decision	NOUN
cblr-2976	43	34	of	of	ADP
cblr-2976	43	35	rival	rival	ADJ
cblr-2976	43	36	coal	coal	NOUN
cblr-2976	43	37	mines	mine	NOUN
cblr-2976	43	38	.	.	PUNCT
cblr-2976	44	1	or	or	CCONJ
cblr-2976	44	2	,	,	PUNCT
cblr-2976	44	3	in	in	ADP
cblr-2976	44	4	a	a	DET
cblr-2976	44	5	bertrand	bertrand	PROPN
cblr-2976	44	6	model	model	NOUN
cblr-2976	44	7	,	,	PUNCT
cblr-2976	44	8	a	a	DET
cblr-2976	44	9	seller	seller	NOUN
cblr-2976	44	10	of	of	ADP
cblr-2976	44	11	high	high	ADJ
cblr-2976	44	12	-	-	PUNCT
cblr-2976	44	13	end	end	NOUN
cblr-2976	44	14	ice	ice	NOUN
cblr-2976	44	15	-	-	PUNCT
cblr-2976	44	16	cream	cream	NOUN
cblr-2976	44	17	decides	decide	VERB
cblr-2976	44	18	on	on	ADP
cblr-2976	44	19	the	the	DET
cblr-2976	44	20	price	price	NOUN
cblr-2976	44	21	of	of	ADP
cblr-2976	44	22	his	his	PRON
cblr-2976	44	23	branded	brand	VERB
cblr-2976	44	24	offerings	offering	NOUN
cblr-2976	44	25	,	,	PUNCT
cblr-2976	44	26	taking	take	VERB
cblr-2976	44	27	as	as	ADV
cblr-2976	44	28	given	give	VERB
cblr-2976	44	29	his	his	PRON
cblr-2976	44	30	estimate	estimate	NOUN
cblr-2976	44	31	of	of	ADP
cblr-2976	44	32	prices	price	NOUN
cblr-2976	44	33	charged	charge	VERB
cblr-2976	44	34	by	by	ADP
cblr-2976	44	35	other	other	ADJ
cblr-2976	44	36	suppliers	supplier	NOUN
cblr-2976	44	37	of	of	ADP
cblr-2976	44	38	ice	ice	NOUN
cblr-2976	44	39	-	-	PUNCT
cblr-2976	44	40	cream	cream	NOUN
cblr-2976	44	41	and	and	CCONJ
cblr-2976	44	42	other	other	ADJ
cblr-2976	44	43	relevant	relevant	ADJ
cblr-2976	44	44	products	product	NOUN
cblr-2976	44	45	.	.	PUNCT
cblr-2976	45	1	the	the	DET
cblr-2976	45	2	unfortunate	unfortunate	ADJ
cblr-2976	45	3	conclusion	conclusion	NOUN
cblr-2976	45	4	(	(	PUNCT
cblr-2976	45	5	for	for	ADP
cblr-2976	45	6	the	the	DET
cblr-2976	45	7	parties	party	NOUN
cblr-2976	45	8	)	)	PUNCT
cblr-2976	45	9	that	that	PRON
cblr-2976	45	10	emerges	emerge	VERB
cblr-2976	45	11	from	from	ADP
cblr-2976	45	12	these	these	DET
cblr-2976	45	13	models	model	NOUN
cblr-2976	45	14	is	be	AUX
cblr-2976	45	15	that	that	SCONJ
cblr-2976	45	16	a	a	DET
cblr-2976	45	17	reduction	reduction	NOUN
cblr-2976	45	18	in	in	ADP
cblr-2976	45	19	the	the	DET
cblr-2976	45	20	number	number	NOUN
cblr-2976	45	21	of	of	ADP
cblr-2976	45	22	independent	independent	ADJ
cblr-2976	45	23	firms	firm	NOUN
cblr-2976	45	24	or	or	CCONJ
cblr-2976	45	25	brands	brand	NOUN
cblr-2976	45	26	generally	generally	ADV
cblr-2976	45	27	leads	lead	VERB
cblr-2976	45	28	to	to	ADP
cblr-2976	45	29	higher	high	ADJ
cblr-2976	45	30	price	price	NOUN
cblr-2976	45	31	,	,	PUNCT
cblr-2976	45	32	as	as	SCONJ
cblr-2976	45	33	illustrated	illustrate	VERB
cblr-2976	45	34	below	below	ADV
cblr-2976	45	35	.	.	PUNCT
cblr-2976	46	1	it	it	PRON
cblr-2976	46	2	is	be	AUX
cblr-2976	46	3	thus	thus	ADV
cblr-2976	46	4	clear	clear	ADJ
cblr-2976	46	5	why	why	SCONJ
cblr-2976	46	6	,	,	PUNCT
cblr-2976	46	7	in	in	ADP
cblr-2976	46	8	order	order	NOUN
cblr-2976	46	9	to	to	PART
cblr-2976	46	10	defeat	defeat	VERB
cblr-2976	46	11	this	this	DET
cblr-2976	46	12	"	"	PUNCT
cblr-2976	46	13	directional	directional	ADJ
cblr-2976	46	14	"	"	PUNCT
cblr-2976	46	15	forecast	forecast	NOUN
cblr-2976	46	16	,	,	PUNCT
cblr-2976	46	17	the	the	DET
cblr-2976	46	18	merging	merge	VERB
cblr-2976	46	19	firms	firm	NOUN
cblr-2976	46	20	are	be	AUX
cblr-2976	46	21	impelled	impel	VERB
cblr-2976	46	22	to	to	PART
cblr-2976	46	23	develop	develop	VERB
cblr-2976	46	24	compelling	compelling	ADJ
cblr-2976	46	25	evidence	evidence	NOUN
cblr-2976	46	26	that	that	SCONJ
cblr-2976	46	27	they	they	PRON
cblr-2976	46	28	will	will	AUX
cblr-2976	46	29	have	have	AUX
cblr-2976	46	30	no	no	DET
cblr-2976	46	31	unilateral	unilateral	ADJ
cblr-2976	46	32	incentives	incentive	NOUN
cblr-2976	46	33	to	to	PART
cblr-2976	46	34	raise	raise	VERB
cblr-2976	46	35	prices	price	NOUN
cblr-2976	46	36	(	(	PUNCT
cblr-2976	46	37	because	because	SCONJ
cblr-2976	46	38	of	of	ADP
cblr-2976	46	39	efficiencies	efficiency	NOUN
cblr-2976	46	40	)	)	PUNCT
cblr-2976	46	41	or	or	CCONJ
cblr-2976	46	42	ability	ability	NOUN
cblr-2976	46	43	'	'	PUNCT
cblr-2976	46	44	see	see	VERB
cblr-2976	46	45	c.	c.	PROPN
cblr-2976	46	46	shapiro	shapiro	PROPN
cblr-2976	46	47	,	,	PUNCT
cblr-2976	46	48	theories	theory	NOUN
cblr-2976	46	49	of	of	ADP
cblr-2976	46	50	oligopoly	oligopoly	ADJ
cblr-2976	46	51	behavior	behavior	NOUN
cblr-2976	46	52	,	,	PUNCT
cblr-2976	46	53	in	in	ADP
cblr-2976	46	54	handbook	handbook	NOUN
cblr-2976	46	55	of	of	ADP
cblr-2976	46	56	industrial	industrial	ADJ
cblr-2976	46	57	organization	organization	NOUN
cblr-2976	46	58	,	,	PUNCT
cblr-2976	46	59	chap	chap	NOUN
cblr-2976	46	60	.	.	PROPN
cblr-2976	47	1	6	6	NUM
cblr-2976	47	2	(	(	PUNCT
cblr-2976	47	3	r.	r.	PROPN
cblr-2976	47	4	schmalensee	schmalensee	PROPN
cblr-2976	47	5	and	and	CCONJ
cblr-2976	47	6	r.	r.	PROPN
cblr-2976	47	7	willig	willig	PROPN
cblr-2976	47	8	,	,	PUNCT
cblr-2976	47	9	eds	eds	PROPN
cblr-2976	47	10	.	.	PROPN
cblr-2976	47	11	,	,	PUNCT
cblr-2976	47	12	1989	1989	NUM
cblr-2976	47	13	)	)	PUNCT
cblr-2976	47	14	for	for	ADP
cblr-2976	47	15	a	a	DET
cblr-2976	47	16	more	more	ADV
cblr-2976	47	17	complete	complete	ADJ
cblr-2976	47	18	discussion	discussion	NOUN
cblr-2976	47	19	of	of	ADP
cblr-2976	47	20	dynamics	dynamic	NOUN
cblr-2976	47	21	in	in	ADP
cblr-2976	47	22	oligopoly	oligopoly	ADJ
cblr-2976	47	23	games	game	NOUN
cblr-2976	47	24	.	.	PUNCT
cblr-2976	48	1	6	6	NUM
cblr-2976	48	2	these	these	DET
cblr-2976	48	3	workhorses	workhorse	NOUN
cblr-2976	48	4	of	of	ADP
cblr-2976	48	5	industrial	industrial	ADJ
cblr-2976	48	6	organization	organization	NOUN
cblr-2976	48	7	economics	economic	NOUN
cblr-2976	48	8	are	be	AUX
cblr-2976	48	9	discussed	discuss	VERB
cblr-2976	48	10	in	in	ADP
cblr-2976	48	11	many	many	ADJ
cblr-2976	48	12	economics	economic	NOUN
cblr-2976	48	13	textbooks	textbook	NOUN
cblr-2976	48	14	.	.	PUNCT
cblr-2976	49	1	see	see	VERB
cblr-2976	49	2	,	,	PUNCT
cblr-2976	49	3	e.g.	e.g.	ADV
cblr-2976	49	4	,	,	PUNCT
cblr-2976	49	5	d.	d.	PROPN
cblr-2976	49	6	carlton	carlton	PROPN
cblr-2976	49	7	and	and	CCONJ
cblr-2976	49	8	j.	j.	PROPN
cblr-2976	49	9	perloff	perloff	PROPN
cblr-2976	49	10	,	,	PUNCT
cblr-2976	49	11	modern	modern	ADJ
cblr-2976	49	12	industrial	industrial	ADJ
cblr-2976	49	13	organization	organization	NOUN
cblr-2976	49	14	(	(	PUNCT
cblr-2976	49	15	4th	4th	ADJ
cblr-2976	49	16	ed	ed	NOUN
cblr-2976	49	17	.	.	PROPN
cblr-2976	49	18	2004	2004	NUM
cblr-2976	49	19	)	)	PUNCT
cblr-2976	49	20	for	for	ADP
cblr-2976	49	21	an	an	DET
cblr-2976	49	22	introductory	introductory	ADJ
cblr-2976	49	23	treatment	treatment	NOUN
cblr-2976	49	24	and	and	CCONJ
cblr-2976	49	25	c.	c.	PROPN
cblr-2976	49	26	shapiro	shapiro	PROPN
cblr-2976	49	27	,	,	PUNCT
cblr-2976	49	28	supra	supra	PROPN
cblr-2976	49	29	note	note	PROPN
cblr-2976	49	30	5	5	NUM
cblr-2976	49	31	,	,	PUNCT
cblr-2976	49	32	for	for	ADP
cblr-2976	49	33	a	a	DET
cblr-2976	49	34	more	more	ADV
cblr-2976	49	35	advanced	advanced	ADJ
cblr-2976	49	36	exposition	exposition	NOUN
cblr-2976	49	37	.	.	PUNCT
cblr-2976	50	1	col	col	PROPN
cblr-2976	50	2	umbia	umbia	PROPN
cblr-2976	50	3	b	b	PROPN
cblr-2976	50	4	usiness	usiness	PROPN
cblr-2976	50	5	la	la	PROPN
cblr-2976	50	6	w	w	PROPN
cblr-2976	50	7	re	re	PROPN
cblr-2976	50	8	vie	vie	PROPN
cblr-2976	50	9	w	w	PROPN
cblr-2976	51	1	[	[	X
cblr-2976	51	2	vol	vol	NOUN
cblr-2976	51	3	.	.	NOUN
cblr-2976	51	4	2007	2007	NUM
cblr-2976	52	1	no	no	NOUN
cblr-2976	52	2	.	.	PUNCT
cblr-2976	53	1	2:411	2:411	NUM
cblr-2976	53	2	]	]	X
cblr-2976	53	3	coordina	coordina	PROPN
cblr-2976	53	4	ted	te	VERB
cblr-2976	53	5	effects	effect	NOUN
cblr-2976	53	6	in	in	ADP
cblr-2976	53	7	merger	merger	NOUN
cblr-2976	53	8	anal	anal	ADJ
cblr-2976	53	9	ysis	ysis	NOUN
cblr-2976	53	10	(	(	PUNCT
cblr-2976	53	11	because	because	SCONJ
cblr-2976	53	12	rivals	rival	NOUN
cblr-2976	53	13	will	will	AUX
cblr-2976	53	14	undercut	undercut	VERB
cblr-2976	53	15	them	they	PRON
cblr-2976	53	16	or	or	CCONJ
cblr-2976	53	17	expand	expand	VERB
cblr-2976	53	18	output	output	NOUN
cblr-2976	53	19	)	)	PUNCT
cblr-2976	53	20	.	.	PUNCT
cblr-2976	54	1	in	in	ADP
cblr-2976	54	2	fact	fact	NOUN
cblr-2976	54	3	,	,	PUNCT
cblr-2976	54	4	rival	rival	ADJ
cblr-2976	54	5	firms	firm	NOUN
cblr-2976	54	6	will	will	AUX
cblr-2976	54	7	react	react	VERB
cblr-2976	54	8	to	to	ADP
cblr-2976	54	9	the	the	DET
cblr-2976	54	10	induced	induced	ADJ
cblr-2976	54	11	changes	change	NOUN
cblr-2976	54	12	in	in	ADP
cblr-2976	54	13	the	the	DET
cblr-2976	54	14	behavior	behavior	NOUN
cblr-2976	54	15	of	of	ADP
cblr-2976	54	16	the	the	DET
cblr-2976	54	17	merging	merge	VERB
cblr-2976	54	18	firms	firm	NOUN
cblr-2976	54	19	,	,	PUNCT
cblr-2976	54	20	and	and	CCONJ
cblr-2976	54	21	the	the	DET
cblr-2976	54	22	marketplace	marketplace	NOUN
cblr-2976	54	23	will	will	AUX
cblr-2976	54	24	move	move	VERB
cblr-2976	54	25	from	from	ADP
cblr-2976	54	26	the	the	DET
cblr-2976	54	27	pre	pre	ADJ
cblr-2976	54	28	-	-	ADJ
cblr-2976	54	29	merger	merger	ADJ
cblr-2976	54	30	static	static	ADJ
cblr-2976	54	31	equilibrium	equilibrium	NOUN
cblr-2976	54	32	to	to	ADP
cblr-2976	54	33	another	another	DET
cblr-2976	54	34	static	static	ADJ
cblr-2976	54	35	equilibrium	equilibrium	NOUN
cblr-2976	54	36	as	as	SCONJ
cblr-2976	54	37	shown	show	VERB
cblr-2976	54	38	in	in	ADP
cblr-2976	54	39	the	the	DET
cblr-2976	54	40	figures	figure	NOUN
cblr-2976	54	41	below.7	below.7	NUM
cblr-2976	54	42	figure	figure	NOUN
cblr-2976	54	43	1	1	NUM
cblr-2976	54	44	:	:	PUNCT
cblr-2976	54	45	hypothetical	hypothetical	ADJ
cblr-2976	54	46	post	post	ADJ
cblr-2976	54	47	-	-	ADJ
cblr-2976	54	48	merger	merger	ADJ
cblr-2976	54	49	price	price	NOUN
cblr-2976	54	50	dynamics	dynamic	NOUN
cblr-2976	54	51	the	the	DET
cblr-2976	54	52	cournot	cournot	NOUN
cblr-2976	54	53	model	model	NOUN
cblr-2976	54	54	the	the	DET
cblr-2976	54	55	bertrand	bertrand	PROPN
cblr-2976	54	56	model	model	NOUN
cblr-2976	54	57	price	price	NOUN
cblr-2976	54	58	price	price	NOUN
cblr-2976	54	59	p	p	NOUN
cblr-2976	54	60	m	m	NOUN
cblr-2976	54	61	----------------------p	----------------------p	NOUN
cblr-2976	54	62	m	m	VERB
cblr-2976	54	63	--pi	--pi	NOUN
cblr-2976	54	64	p2	p2	PROPN
cblr-2976	54	65	p	p	PROPN
cblr-2976	54	66	2	2	NUM
cblr-2976	54	67	----p	----p	NOUN
cblr-2976	54	68	po	po	PROPN
cblr-2976	54	69	po	po	PROPN
cblr-2976	54	70	.-	.-	PUNCT
cblr-2976	54	71	....	....	PUNCT
cblr-2976	55	1	time	time	NOUN
cblr-2976	55	2	time	time	NOUN
cblr-2976	55	3	in	in	ADP
cblr-2976	55	4	this	this	DET
cblr-2976	55	5	diagram	diagram	NOUN
cblr-2976	55	6	,	,	PUNCT
cblr-2976	55	7	po	po	PROPN
cblr-2976	55	8	is	be	AUX
cblr-2976	55	9	the	the	DET
cblr-2976	55	10	pre	pre	ADJ
cblr-2976	55	11	-	-	ADJ
cblr-2976	55	12	merger	merger	ADJ
cblr-2976	55	13	price	price	NOUN
cblr-2976	55	14	.	.	PUNCT
cblr-2976	56	1	following	follow	VERB
cblr-2976	56	2	the	the	DET
cblr-2976	56	3	merger	merger	NOUN
cblr-2976	56	4	,	,	PUNCT
cblr-2976	56	5	the	the	DET
cblr-2976	56	6	reduction	reduction	NOUN
cblr-2976	56	7	in	in	ADP
cblr-2976	56	8	the	the	DET
cblr-2976	56	9	number	number	NOUN
cblr-2976	56	10	of	of	ADP
cblr-2976	56	11	firms	firm	NOUN
cblr-2976	56	12	enables	enable	VERB
cblr-2976	56	13	the	the	DET
cblr-2976	56	14	merging	merge	VERB
cblr-2976	56	15	firms	firm	NOUN
cblr-2976	56	16	to	to	PART
cblr-2976	56	17	reduce	reduce	VERB
cblr-2976	56	18	their	their	PRON
cblr-2976	56	19	aggregate	aggregate	ADJ
cblr-2976	56	20	output	output	NOUN
cblr-2976	56	21	(	(	PUNCT
cblr-2976	56	22	in	in	ADP
cblr-2976	56	23	the	the	DET
cblr-2976	56	24	cournot	cournot	ADJ
cblr-2976	56	25	case	case	NOUN
cblr-2976	56	26	)	)	PUNCT
cblr-2976	56	27	causing	cause	VERB
cblr-2976	56	28	the	the	DET
cblr-2976	56	29	market	market	NOUN
cblr-2976	56	30	price	price	NOUN
cblr-2976	56	31	to	to	PART
cblr-2976	56	32	increase	increase	VERB
cblr-2976	56	33	to	to	ADP
cblr-2976	56	34	p	p	NOUN
cblr-2976	56	35	1	1	NUM
cblr-2976	56	36	,	,	PUNCT
cblr-2976	56	37	or	or	CCONJ
cblr-2976	56	38	adjust	adjust	VERB
cblr-2976	56	39	the	the	DET
cblr-2976	56	40	price(s	price(s	NOUN
cblr-2976	56	41	)	)	PUNCT
cblr-2976	56	42	(	(	PUNCT
cblr-2976	56	43	in	in	ADP
cblr-2976	56	44	the	the	DET
cblr-2976	56	45	bertrand	bertrand	PROPN
cblr-2976	56	46	case	case	NOUN
cblr-2976	56	47	)	)	PUNCT
cblr-2976	56	48	of	of	ADP
cblr-2976	56	49	their	their	PRON
cblr-2976	56	50	brand(s	brand(s	NOUN
cblr-2976	56	51	)	)	PUNCT
cblr-2976	57	1	so	so	SCONJ
cblr-2976	57	2	that	that	SCONJ
cblr-2976	57	3	the	the	DET
cblr-2976	57	4	price	price	NOUN
cblr-2976	57	5	of	of	ADP
cblr-2976	57	6	the	the	DET
cblr-2976	57	7	brand	brand	NOUN
cblr-2976	57	8	increases	increase	VERB
cblr-2976	57	9	to	to	ADP
cblr-2976	57	10	pi	pi	NOUN
cblr-2976	57	11	.	.	PUNCT
cblr-2976	58	1	after	after	ADP
cblr-2976	58	2	this	this	DET
cblr-2976	58	3	initial	initial	ADJ
cblr-2976	58	4	market	market	NOUN
cblr-2976	58	5	move	move	NOUN
cblr-2976	58	6	by	by	ADP
cblr-2976	58	7	the	the	DET
cblr-2976	58	8	merging	merge	VERB
cblr-2976	58	9	firms	firm	NOUN
cblr-2976	58	10	,	,	PUNCT
cblr-2976	58	11	other	other	ADJ
cblr-2976	58	12	firms	firm	NOUN
cblr-2976	58	13	respond	respond	VERB
cblr-2976	58	14	to	to	ADP
cblr-2976	58	15	the	the	DET
cblr-2976	58	16	merging	merge	VERB
cblr-2976	58	17	firms	firm	NOUN
cblr-2976	58	18	'	'	PART
cblr-2976	58	19	initial	initial	ADJ
cblr-2976	58	20	actions	action	NOUN
cblr-2976	58	21	.	.	PUNCT
cblr-2976	59	1	in	in	ADP
cblr-2976	59	2	the	the	DET
cblr-2976	59	3	cournot	cournot	ADJ
cblr-2976	59	4	model	model	NOUN
cblr-2976	59	5	,	,	PUNCT
cblr-2976	59	6	the	the	DET
cblr-2976	59	7	rival	rival	ADJ
cblr-2976	59	8	firms	firm	NOUN
cblr-2976	59	9	respond	respond	VERB
cblr-2976	59	10	by	by	ADP
cblr-2976	59	11	expanding	expand	VERB
cblr-2976	59	12	their	their	PRON
cblr-2976	59	13	output	output	NOUN
cblr-2976	59	14	,	,	PUNCT
cblr-2976	59	15	if	if	SCONJ
cblr-2976	59	16	they	they	PRON
cblr-2976	59	17	can	can	AUX
cblr-2976	59	18	.	.	PUNCT
cblr-2976	60	1	following	follow	VERB
cblr-2976	60	2	a	a	DET
cblr-2976	60	3	sequence	sequence	NOUN
cblr-2976	60	4	of	of	ADP
cblr-2976	60	5	adjustments	adjustment	NOUN
cblr-2976	60	6	by	by	ADP
cblr-2976	60	7	all	all	DET
cblr-2976	60	8	firms	firm	NOUN
cblr-2976	60	9	,	,	PUNCT
cblr-2976	60	10	the	the	DET
cblr-2976	60	11	final	final	ADJ
cblr-2976	60	12	(	(	PUNCT
cblr-2976	60	13	equilibrium	equilibrium	NOUN
cblr-2976	60	14	)	)	PUNCT
cblr-2976	60	15	post	post	ADJ
cblr-2976	60	16	-	-	ADJ
cblr-2976	60	17	merger	merger	ADJ
cblr-2976	60	18	price	price	NOUN
cblr-2976	60	19	for	for	ADP
cblr-2976	60	20	the	the	DET
cblr-2976	60	21	merging	merge	VERB
cblr-2976	60	22	firm	firm	NOUN
cblr-2976	60	23	will	will	AUX
cblr-2976	60	24	be	be	AUX
cblr-2976	60	25	p2	p2	NOUN
cblr-2976	60	26	'	'	PUNCT
cblr-2976	60	27	if	if	SCONJ
cblr-2976	60	28	the	the	DET
cblr-2976	60	29	market	market	NOUN
cblr-2976	60	30	game	game	NOUN
cblr-2976	60	31	is	be	AUX
cblr-2976	60	32	bertrand	bertrand	PROPN
cblr-2976	60	33	,	,	PUNCT
cblr-2976	60	34	rivals	rival	NOUN
cblr-2976	60	35	will	will	AUX
cblr-2976	60	36	increase	increase	VERB
cblr-2976	60	37	their	their	PRON
cblr-2976	60	38	prices	price	NOUN
cblr-2976	60	39	in	in	ADP
cblr-2976	60	40	response	response	NOUN
cblr-2976	60	41	to	to	ADP
cblr-2976	60	42	the	the	DET
cblr-2976	60	43	initial	initial	ADJ
cblr-2976	60	44	price	price	NOUN
cblr-2976	60	45	increase	increase	NOUN
cblr-2976	60	46	by	by	ADP
cblr-2976	60	47	the	the	DET
cblr-2976	60	48	merging	merge	VERB
cblr-2976	60	49	firms	firm	NOUN
cblr-2976	60	50	and	and	CCONJ
cblr-2976	60	51	the	the	DET
cblr-2976	60	52	equilibrium	equilibrium	NOUN
cblr-2976	60	53	post	post	ADJ
cblr-2976	60	54	-	-	ADJ
cblr-2976	60	55	merger	merger	ADJ
cblr-2976	60	56	price	price	NOUN
cblr-2976	60	57	for	for	ADP
cblr-2976	60	58	the	the	DET
cblr-2976	60	59	merged	merge	VERB
cblr-2976	60	60	firm	firm	NOUN
cblr-2976	60	61	is	be	AUX
cblr-2976	60	62	p2	p2	NOUN
cblr-2976	60	63	,	,	PUNCT
cblr-2976	60	64	which	which	PRON
cblr-2976	60	65	is	be	AUX
cblr-2976	60	66	higher	high	ADJ
cblr-2976	60	67	than	than	ADP
cblr-2976	60	68	the	the	DET
cblr-2976	60	69	initial	initial	ADJ
cblr-2976	60	70	post	post	ADJ
cblr-2976	60	71	-	-	ADJ
cblr-2976	60	72	merger	merger	ADJ
cblr-2976	60	73	price	price	NOUN
cblr-2976	60	74	.	.	PUNCT
cblr-2976	61	1	in	in	ADP
cblr-2976	61	2	both	both	DET
cblr-2976	61	3	models	model	NOUN
cblr-2976	61	4	,	,	PUNCT
cblr-2976	61	5	the	the	DET
cblr-2976	61	6	resultant	resultant	NOUN
cblr-2976	61	7	post	post	NOUN
cblr-2976	61	8	merger	merger	NOUN
cblr-2976	61	9	price	price	NOUN
cblr-2976	61	10	,	,	PUNCT
cblr-2976	61	11	p2	p2	NOUN
cblr-2976	61	12	,	,	PUNCT
cblr-2976	61	13	is	be	AUX
cblr-2976	61	14	lower	low	ADJ
cblr-2976	61	15	than	than	ADP
cblr-2976	61	16	the	the	DET
cblr-2976	61	17	hypothetical	hypothetical	ADJ
cblr-2976	61	18	monopoly	monopoly	NOUN
cblr-2976	61	19	price	price	NOUN
cblr-2976	61	20	,	,	PUNCT
cblr-2976	61	21	pm	pm	NOUN
cblr-2976	61	22	.	.	PUNCT
cblr-2976	62	1	the	the	DET
cblr-2976	62	2	increase	increase	NOUN
cblr-2976	62	3	in	in	ADP
cblr-2976	62	4	price	price	NOUN
cblr-2976	62	5	from	from	ADP
cblr-2976	62	6	p0	p0	NOUN
cblr-2976	62	7	to	to	ADP
cblr-2976	62	8	p2	p2	PROPN
cblr-2976	62	9	is	be	AUX
cblr-2976	62	10	the	the	DET
cblr-2976	62	11	putative	putative	ADJ
cblr-2976	62	12	unilateral	unilateral	ADJ
cblr-2976	62	13	effect	effect	NOUN
cblr-2976	62	14	from	from	ADP
cblr-2976	62	15	the	the	DET
cblr-2976	62	16	transaction	transaction	NOUN
cblr-2976	62	17	.	.	PUNCT
cblr-2976	62	18	'	'	PUNCT
cblr-2976	63	1	technically	technically	ADV
cblr-2976	63	2	,	,	PUNCT
cblr-2976	63	3	after	after	ADP
cblr-2976	63	4	the	the	DET
cblr-2976	63	5	transaction	transaction	NOUN
cblr-2976	63	6	,	,	PUNCT
cblr-2976	63	7	the	the	DET
cblr-2976	63	8	market	market	NOUN
cblr-2976	63	9	will	will	AUX
cblr-2976	63	10	move	move	VERB
cblr-2976	63	11	from	from	ADP
cblr-2976	63	12	one	one	NUM
cblr-2976	63	13	static	static	ADJ
cblr-2976	63	14	nash	nash	NOUN
cblr-2976	63	15	equilibrium	equilibrium	NOUN
cblr-2976	63	16	to	to	ADP
cblr-2976	63	17	another	another	PRON
cblr-2976	63	18	.	.	PUNCT
cblr-2976	64	1	for	for	ADP
cblr-2976	64	2	more	more	ADJ
cblr-2976	64	3	on	on	ADP
cblr-2976	64	4	this	this	DET
cblr-2976	64	5	issue	issue	NOUN
cblr-2976	64	6	,	,	PUNCT
cblr-2976	64	7	see	see	VERB
cblr-2976	64	8	the	the	DET
cblr-2976	64	9	movie	movie	NOUN
cblr-2976	64	10	a	a	DET
cblr-2976	64	11	beautiful	beautiful	ADJ
cblr-2976	64	12	mind	mind	NOUN
cblr-2976	64	13	,	,	PUNCT
cblr-2976	64	14	or	or	CCONJ
cblr-2976	64	15	better	well	ADV
cblr-2976	64	16	,	,	PUNCT
cblr-2976	64	17	read	read	VERB
cblr-2976	64	18	sylvia	sylvia	PROPN
cblr-2976	64	19	nasar	nasar	PROPN
cblr-2976	64	20	,	,	PUNCT
cblr-2976	64	21	a	a	DET
cblr-2976	64	22	beautiful	beautiful	ADJ
cblr-2976	64	23	mind	mind	NOUN
cblr-2976	64	24	(	(	PUNCT
cblr-2976	64	25	simon	simon	PROPN
cblr-2976	64	26	&	&	CCONJ
cblr-2976	64	27	schuster	schuster	PROPN
cblr-2976	64	28	,	,	PUNCT
cblr-2976	64	29	1998	1998	NUM
cblr-2976	64	30	)	)	PUNCT
cblr-2976	64	31	.	.	PUNCT
cblr-2976	65	1	columbia	columbia	PROPN
cblr-2976	65	2	business	business	PROPN
cblr-2976	65	3	la	la	PROPN
cblr-2976	65	4	w	w	PROPN
cblr-2976	65	5	review	review	NOUN
cblr-2976	65	6	of	of	ADP
cblr-2976	65	7	course	course	NOUN
cblr-2976	65	8	,	,	PUNCT
cblr-2976	65	9	the	the	DET
cblr-2976	65	10	story	story	NOUN
cblr-2976	65	11	told	tell	VERB
cblr-2976	65	12	above	above	ADV
cblr-2976	65	13	is	be	AUX
cblr-2976	65	14	far	far	ADV
cblr-2976	65	15	too	too	ADV
cblr-2976	65	16	simplistic	simplistic	ADJ
cblr-2976	65	17	.	.	PUNCT
cblr-2976	66	1	in	in	ADP
cblr-2976	66	2	a	a	DET
cblr-2976	66	3	real	real	ADJ
cblr-2976	66	4	merger	merger	NOUN
cblr-2976	66	5	case	case	NOUN
cblr-2976	66	6	,	,	PUNCT
cblr-2976	66	7	numerous	numerous	ADJ
cblr-2976	66	8	market	market	NOUN
cblr-2976	66	9	forces	force	NOUN
cblr-2976	66	10	will	will	AUX
cblr-2976	66	11	have	have	VERB
cblr-2976	66	12	to	to	PART
cblr-2976	66	13	be	be	AUX
cblr-2976	66	14	analyzed	analyze	VERB
cblr-2976	66	15	and	and	CCONJ
cblr-2976	66	16	accounted	account	VERB
cblr-2976	66	17	for	for	ADP
cblr-2976	66	18	before	before	SCONJ
cblr-2976	66	19	either	either	CCONJ
cblr-2976	66	20	the	the	DET
cblr-2976	66	21	magnitude	magnitude	NOUN
cblr-2976	66	22	or	or	CCONJ
cblr-2976	66	23	even	even	ADV
cblr-2976	66	24	the	the	DET
cblr-2976	66	25	direction	direction	NOUN
cblr-2976	66	26	of	of	ADP
cblr-2976	66	27	the	the	DET
cblr-2976	66	28	postulated	postulate	VERB
cblr-2976	66	29	static	static	ADJ
cblr-2976	66	30	price	price	NOUN
cblr-2976	66	31	change	change	NOUN
cblr-2976	66	32	can	can	AUX
cblr-2976	66	33	be	be	AUX
cblr-2976	66	34	gauged	gauge	VERB
cblr-2976	66	35	with	with	ADP
cblr-2976	66	36	the	the	DET
cblr-2976	66	37	degree	degree	NOUN
cblr-2976	66	38	of	of	ADP
cblr-2976	66	39	precision	precision	NOUN
cblr-2976	66	40	that	that	PRON
cblr-2976	66	41	ought	ought	AUX
cblr-2976	66	42	to	to	PART
cblr-2976	66	43	be	be	AUX
cblr-2976	66	44	required	require	VERB
cblr-2976	66	45	by	by	ADP
cblr-2976	66	46	sound	sound	ADJ
cblr-2976	66	47	merger	merger	NOUN
cblr-2976	66	48	enforcement	enforcement	NOUN
cblr-2976	66	49	policy	policy	NOUN
cblr-2976	66	50	.	.	PUNCT
cblr-2976	67	1	for	for	ADP
cblr-2976	67	2	example	example	NOUN
cblr-2976	67	3	,	,	PUNCT
cblr-2976	67	4	if	if	SCONJ
cblr-2976	67	5	a	a	DET
cblr-2976	67	6	merger	merger	NOUN
cblr-2976	67	7	achieves	achieve	VERB
cblr-2976	67	8	cost	cost	NOUN
cblr-2976	67	9	efficiencies	efficiency	NOUN
cblr-2976	67	10	,	,	PUNCT
cblr-2976	67	11	the	the	DET
cblr-2976	67	12	post	post	ADJ
cblr-2976	67	13	-	-	ADJ
cblr-2976	67	14	merger	merger	ADJ
cblr-2976	67	15	price	price	NOUN
cblr-2976	67	16	may	may	AUX
cblr-2976	67	17	be	be	AUX
cblr-2976	67	18	lower	low	ADJ
cblr-2976	67	19	than	than	ADP
cblr-2976	67	20	the	the	DET
cblr-2976	67	21	pre	pre	ADJ
cblr-2976	67	22	-	-	ADJ
cblr-2976	67	23	merger	merger	ADJ
cblr-2976	67	24	price	price	NOUN
cblr-2976	67	25	.	.	PUNCT
cblr-2976	68	1	nevertheless	nevertheless	ADV
cblr-2976	68	2	,	,	PUNCT
cblr-2976	68	3	as	as	SCONJ
cblr-2976	68	4	i	i	PRON
cblr-2976	68	5	noted	note	VERB
cblr-2976	68	6	earlier	early	ADV
cblr-2976	68	7	,	,	PUNCT
cblr-2976	68	8	economists	economist	NOUN
cblr-2976	68	9	have	have	AUX
cblr-2976	68	10	developed	develop	VERB
cblr-2976	68	11	numerous	numerous	ADJ
cblr-2976	68	12	merger	merger	NOUN
cblr-2976	68	13	simulation	simulation	NOUN
cblr-2976	68	14	techniques	technique	NOUN
cblr-2976	68	15	that	that	PRON
cblr-2976	68	16	can	can	AUX
cblr-2976	68	17	be	be	AUX
cblr-2976	68	18	used	use	VERB
cblr-2976	68	19	to	to	PART
cblr-2976	68	20	actually	actually	ADV
cblr-2976	68	21	calculate	calculate	VERB
cblr-2976	68	22	the	the	DET
cblr-2976	68	23	"	"	PUNCT
cblr-2976	68	24	static	static	ADJ
cblr-2976	68	25	"	"	PUNCT
cblr-2976	68	26	post	post	ADJ
cblr-2976	68	27	-	-	ADJ
cblr-2976	68	28	merger	merger	ADJ
cblr-2976	68	29	equilibrium	equilibrium	NOUN
cblr-2976	68	30	prices	price	NOUN
cblr-2976	68	31	.	.	PUNCT
cblr-2976	69	1	as	as	SCONJ
cblr-2976	69	2	shown	show	VERB
cblr-2976	69	3	on	on	ADP
cblr-2976	69	4	the	the	DET
cblr-2976	69	5	diagrams	diagram	NOUN
cblr-2976	69	6	above	above	ADP
cblr-2976	69	7	,	,	PUNCT
cblr-2976	69	8	unilateral	unilateral	ADJ
cblr-2976	69	9	effects	effect	NOUN
cblr-2976	69	10	will	will	AUX
cblr-2976	69	11	not	not	PART
cblr-2976	69	12	necessarily	necessarily	ADV
cblr-2976	69	13	result	result	VERB
cblr-2976	69	14	in	in	ADP
cblr-2976	69	15	the	the	DET
cblr-2976	69	16	industry	industry	NOUN
cblr-2976	69	17	pricing	pricing	NOUN
cblr-2976	69	18	at	at	ADP
cblr-2976	69	19	the	the	DET
cblr-2976	69	20	monopoly	monopoly	NOUN
cblr-2976	69	21	level	level	NOUN
cblr-2976	69	22	.	.	PUNCT
cblr-2976	70	1	the	the	DET
cblr-2976	70	2	additional	additional	ADJ
cblr-2976	70	3	boost	boost	NOUN
cblr-2976	70	4	to	to	ADP
cblr-2976	70	5	prices	price	NOUN
cblr-2976	70	6	-	-	PUNCT
cblr-2976	70	7	if	if	SCONJ
cblr-2976	70	8	it	it	PRON
cblr-2976	70	9	occurs	occur	VERB
cblr-2976	70	10	at	at	ADP
cblr-2976	70	11	all	all	ADV
cblr-2976	70	12	-	-	PUNCT
cblr-2976	70	13	will	will	AUX
cblr-2976	70	14	be	be	AUX
cblr-2976	70	15	the	the	DET
cblr-2976	70	16	product	product	NOUN
cblr-2976	70	17	of	of	ADP
cblr-2976	70	18	coordinated	coordinate	VERB
cblr-2976	70	19	effects	effect	NOUN
cblr-2976	70	20	,	,	PUNCT
cblr-2976	70	21	to	to	PART
cblr-2976	70	22	which	which	PRON
cblr-2976	70	23	i	i	PRON
cblr-2976	70	24	now	now	ADV
cblr-2976	70	25	turn	turn	VERB
cblr-2976	70	26	.	.	PUNCT
cblr-2976	71	1	b.	b.	PROPN
cblr-2976	71	2	coordinated	coordinate	VERB
cblr-2976	71	3	effects	effect	NOUN
cblr-2976	71	4	historically	historically	ADV
cblr-2976	71	5	,	,	PUNCT
cblr-2976	71	6	concerns	concern	NOUN
cblr-2976	71	7	with	with	ADP
cblr-2976	71	8	enhanced	enhanced	ADJ
cblr-2976	71	9	risks	risk	NOUN
cblr-2976	71	10	of	of	ADP
cblr-2976	71	11	post	post	ADJ
cblr-2976	71	12	-	-	ADJ
cblr-2976	71	13	merger	merger	ADJ
cblr-2976	71	14	collusion	collusion	NOUN
cblr-2976	71	15	or	or	CCONJ
cblr-2976	71	16	coordination	coordination	NOUN
cblr-2976	71	17	(	(	PUNCT
cblr-2976	71	18	coordinated	coordinate	VERB
cblr-2976	71	19	effects	effect	NOUN
cblr-2976	71	20	)	)	PUNCT
cblr-2976	71	21	were	be	AUX
cblr-2976	71	22	the	the	DET
cblr-2976	71	23	main	main	ADJ
cblr-2976	71	24	basis	basis	NOUN
cblr-2976	71	25	for	for	ADP
cblr-2976	71	26	antitrust	antitrust	ADJ
cblr-2976	71	27	challenges	challenge	NOUN
cblr-2976	71	28	to	to	ADP
cblr-2976	71	29	mergers	merger	NOUN
cblr-2976	71	30	.	.	PUNCT
cblr-2976	72	1	the	the	DET
cblr-2976	72	2	basic	basic	ADJ
cblr-2976	72	3	idea	idea	NOUN
cblr-2976	72	4	was	be	AUX
cblr-2976	72	5	simply	simply	ADV
cblr-2976	72	6	that	that	SCONJ
cblr-2976	72	7	the	the	DET
cblr-2976	72	8	reduction	reduction	NOUN
cblr-2976	72	9	in	in	ADP
cblr-2976	72	10	the	the	DET
cblr-2976	72	11	number	number	NOUN
cblr-2976	72	12	of	of	ADP
cblr-2976	72	13	firms	firm	NOUN
cblr-2976	72	14	active	active	ADJ
cblr-2976	72	15	on	on	ADP
cblr-2976	72	16	the	the	DET
cblr-2976	72	17	market	market	NOUN
cblr-2976	72	18	would	would	AUX
cblr-2976	72	19	enable	enable	VERB
cblr-2976	72	20	those	those	DET
cblr-2976	72	21	firms	firm	NOUN
cblr-2976	72	22	better	well	ADV
cblr-2976	72	23	to	to	PART
cblr-2976	72	24	coordinate	coordinate	VERB
cblr-2976	72	25	tacitly	tacitly	ADV
cblr-2976	72	26	(	(	PUNCT
cblr-2976	72	27	or	or	CCONJ
cblr-2976	72	28	even	even	ADV
cblr-2976	72	29	explicitly	explicitly	ADV
cblr-2976	72	30	)	)	PUNCT
cblr-2976	72	31	on	on	ADP
cblr-2976	72	32	key	key	ADJ
cblr-2976	72	33	dimensions	dimension	NOUN
cblr-2976	72	34	of	of	ADP
cblr-2976	72	35	market	market	NOUN
cblr-2976	72	36	rivalry	rivalry	NOUN
cblr-2976	72	37	and	and	CCONJ
cblr-2976	72	38	have	have	VERB
cblr-2976	72	39	an	an	DET
cblr-2976	72	40	easier	easy	ADJ
cblr-2976	72	41	time	time	NOUN
cblr-2976	72	42	actually	actually	ADV
cblr-2976	72	43	implementing	implement	VERB
cblr-2976	72	44	the	the	DET
cblr-2976	72	45	agreement.8	agreement.8	NOUN
cblr-2976	72	46	the	the	DET
cblr-2976	72	47	empirical	empirical	ADJ
cblr-2976	72	48	evidence	evidence	NOUN
cblr-2976	72	49	for	for	ADP
cblr-2976	72	50	that	that	DET
cblr-2976	72	51	conclusion	conclusion	NOUN
cblr-2976	72	52	,	,	PUNCT
cblr-2976	72	53	however	however	ADV
cblr-2976	72	54	,	,	PUNCT
cblr-2976	72	55	is	be	AUX
cblr-2976	72	56	actually	actually	ADV
cblr-2976	72	57	quite	quite	ADV
cblr-2976	72	58	weak	weak	ADJ
cblr-2976	72	59	.	.	PUNCT
cblr-2976	73	1	there	there	PRON
cblr-2976	73	2	are	be	VERB
cblr-2976	73	3	a	a	DET
cblr-2976	73	4	number	number	NOUN
cblr-2976	73	5	of	of	ADP
cblr-2976	73	6	studies	study	NOUN
cblr-2976	73	7	showing	show	VERB
cblr-2976	73	8	correlations	correlation	NOUN
cblr-2976	73	9	between	between	ADP
cblr-2976	73	10	concentration	concentration	NOUN
cblr-2976	73	11	and	and	CCONJ
cblr-2976	73	12	price	price	NOUN
cblr-2976	73	13	-	-	PUNCT
cblr-2976	73	14	cost	cost	NOUN
cblr-2976	73	15	margins,9	margins,9	NOUN
cblr-2976	73	16	but	but	CCONJ
cblr-2976	73	17	those	those	DET
cblr-2976	73	18	correlations	correlation	NOUN
cblr-2976	73	19	have	have	AUX
cblr-2976	73	20	been	be	AUX
cblr-2976	73	21	attacked	attack	VERB
cblr-2976	73	22	by	by	ADP
cblr-2976	73	23	industrial	industrial	ADJ
cblr-2976	73	24	organization	organization	NOUN
cblr-2976	73	25	economists	economist	NOUN
cblr-2976	73	26	on	on	ADP
cblr-2976	73	27	the	the	DET
cblr-2976	73	28	basis	basis	NOUN
cblr-2976	73	29	that	that	SCONJ
cblr-2976	73	30	the	the	DET
cblr-2976	73	31	directionality	directionality	NOUN
cblr-2976	73	32	and	and	CCONJ
cblr-2976	73	33	causality	causality	NOUN
cblr-2976	73	34	of	of	ADP
cblr-2976	73	35	these	these	DET
cblr-2976	73	36	correlations	correlation	NOUN
cblr-2976	73	37	is	be	AUX
cblr-2976	73	38	'	'	PUNCT
cblr-2976	73	39	see	see	VERB
cblr-2976	73	40	merger	merger	NOUN
cblr-2976	73	41	guidelines	guideline	NOUN
cblr-2976	73	42	,	,	PUNCT
cblr-2976	73	43	supra	supra	PROPN
cblr-2976	73	44	note	note	NOUN
cblr-2976	73	45	2	2	NUM
cblr-2976	73	46	,	,	PUNCT
cblr-2976	73	47	at	at	ADP
cblr-2976	73	48	§	§	NOUN
cblr-2976	73	49	2.1	2.1	NUM
cblr-2976	73	50	:	:	PUNCT
cblr-2976	73	51	"	"	PUNCT
cblr-2976	73	52	a	a	DET
cblr-2976	73	53	merger	merger	NOUN
cblr-2976	73	54	may	may	AUX
cblr-2976	73	55	diminish	diminish	VERB
cblr-2976	73	56	competition	competition	NOUN
cblr-2976	73	57	by	by	ADP
cblr-2976	73	58	enabling	enable	VERB
cblr-2976	73	59	the	the	DET
cblr-2976	73	60	firms	firm	NOUN
cblr-2976	73	61	selling	sell	VERB
cblr-2976	73	62	in	in	ADP
cblr-2976	73	63	the	the	DET
cblr-2976	73	64	relevant	relevant	ADJ
cblr-2976	73	65	market	market	NOUN
cblr-2976	73	66	more	more	ADV
cblr-2976	73	67	likely	likely	ADJ
cblr-2976	73	68	,	,	PUNCT
cblr-2976	73	69	more	more	ADV
cblr-2976	73	70	successfully	successfully	ADV
cblr-2976	73	71	,	,	PUNCT
cblr-2976	73	72	or	or	CCONJ
cblr-2976	73	73	more	more	ADV
cblr-2976	73	74	completely	completely	ADV
cblr-2976	73	75	to	to	PART
cblr-2976	73	76	engage	engage	VERB
cblr-2976	73	77	in	in	ADP
cblr-2976	73	78	coordinated	coordinated	ADJ
cblr-2976	73	79	interaction	interaction	NOUN
cblr-2976	73	80	that	that	PRON
cblr-2976	73	81	harms	harm	VERB
cblr-2976	73	82	consumers	consumer	NOUN
cblr-2976	73	83	.	.	PUNCT
cblr-2976	73	84	"	"	PUNCT
cblr-2976	74	1	9	9	NUM
cblr-2976	74	2	see	see	VERB
cblr-2976	74	3	,	,	PUNCT
cblr-2976	74	4	e.g.	e.g.	ADV
cblr-2976	74	5	,	,	PUNCT
cblr-2976	74	6	antitrust	antitrust	ADJ
cblr-2976	74	7	law	law	NOUN
cblr-2976	74	8	and	and	CCONJ
cblr-2976	74	9	economics	economic	NOUN
cblr-2976	74	10	239	239	NUM
cblr-2976	74	11	,	,	PUNCT
cblr-2976	74	12	241	241	NUM
cblr-2976	74	13	-	-	SYM
cblr-2976	74	14	42	42	NUM
cblr-2976	74	15	(	(	PUNCT
cblr-2976	74	16	oliver	oliver	PROPN
cblr-2976	74	17	e.	e.	PROPN
cblr-2976	74	18	williamson	williamson	PROPN
cblr-2976	74	19	ed	ed	PROPN
cblr-2976	74	20	.	.	PROPN
cblr-2976	74	21	,	,	PUNCT
cblr-2976	74	22	1980	1980	NUM
cblr-2976	74	23	)	)	PUNCT
cblr-2976	74	24	(	(	PUNCT
cblr-2976	74	25	referring	refer	VERB
cblr-2976	74	26	to	to	ADP
cblr-2976	74	27	forty	forty	NUM
cblr-2976	74	28	-	-	PUNCT
cblr-2976	74	29	six	six	NUM
cblr-2976	74	30	studies	study	NOUN
cblr-2976	74	31	showing	show	VERB
cblr-2976	74	32	a	a	DET
cblr-2976	74	33	positive	positive	ADJ
cblr-2976	74	34	"	"	PUNCT
cblr-2976	74	35	relationship	relationship	NOUN
cblr-2976	74	36	between	between	ADP
cblr-2976	74	37	concentration	concentration	NOUN
cblr-2976	74	38	and	and	CCONJ
cblr-2976	74	39	profits	profit	NOUN
cblr-2976	74	40	or	or	CCONJ
cblr-2976	74	41	price	price	NOUN
cblr-2976	74	42	-	-	PUNCT
cblr-2976	74	43	cost	cost	NOUN
cblr-2976	74	44	margins	margin	NOUN
cblr-2976	74	45	"	"	PUNCT
cblr-2976	74	46	)	)	PUNCT
cblr-2976	74	47	.	.	PUNCT
cblr-2976	75	1	[	[	X
cblr-2976	75	2	vol	vol	NOUN
cblr-2976	75	3	.	.	PUNCT
cblr-2976	75	4	2007	2007	NUM
cblr-2976	75	5	no	no	NOUN
cblr-2976	75	6	.	.	PUNCT
cblr-2976	76	1	2:411	2:411	NUM
cblr-2976	76	2	]	]	PUNCT
cblr-2976	76	3	coordinated	coordinate	VERB
cblr-2976	76	4	effects	effect	NOUN
cblr-2976	76	5	in	in	ADP
cblr-2976	76	6	merger	merger	NOUN
cblr-2976	76	7	analysis	analysis	NOUN
cblr-2976	76	8	dubious	dubious	ADJ
cblr-2976	76	9	.	.	PUNCT
cblr-2976	76	10	'	'	PUNCT
cblr-2976	76	11	"	"	PUNCT
cblr-2976	76	12	rather	rather	ADV
cblr-2976	76	13	than	than	ADP
cblr-2976	76	14	evidencing	evidence	VERB
cblr-2976	76	15	some	some	DET
cblr-2976	76	16	kind	kind	NOUN
cblr-2976	76	17	of	of	ADP
cblr-2976	76	18	better	well	ADJ
cblr-2976	76	19	cooperation	cooperation	NOUN
cblr-2976	76	20	among	among	ADP
cblr-2976	76	21	firms	firm	NOUN
cblr-2976	76	22	,	,	PUNCT
cblr-2976	76	23	the	the	DET
cblr-2976	76	24	correlations	correlation	NOUN
cblr-2976	76	25	can	can	AUX
cblr-2976	76	26	be	be	AUX
cblr-2976	76	27	viewed	view	VERB
cblr-2976	76	28	as	as	ADP
cblr-2976	76	29	demonstrating	demonstrate	VERB
cblr-2976	76	30	that	that	SCONJ
cblr-2976	76	31	in	in	ADP
cblr-2976	76	32	markets	market	NOUN
cblr-2976	76	33	with	with	ADP
cblr-2976	76	34	few	few	ADJ
cblr-2976	76	35	successful	successful	ADJ
cblr-2976	76	36	firms	firm	NOUN
cblr-2976	76	37	,	,	PUNCT
cblr-2976	76	38	the	the	DET
cblr-2976	76	39	winners	winner	NOUN
cblr-2976	76	40	will	will	AUX
cblr-2976	76	41	earn	earn	VERB
cblr-2976	76	42	substantial	substantial	ADJ
cblr-2976	76	43	margins	margin	NOUN
cblr-2976	76	44	.	.	PUNCT
cblr-2976	77	1	in	in	ADP
cblr-2976	77	2	any	any	DET
cblr-2976	77	3	event	event	NOUN
cblr-2976	77	4	,	,	PUNCT
cblr-2976	77	5	it	it	PRON
cblr-2976	77	6	is	be	AUX
cblr-2976	77	7	quite	quite	ADV
cblr-2976	77	8	clear	clear	ADJ
cblr-2976	77	9	that	that	SCONJ
cblr-2976	77	10	when	when	SCONJ
cblr-2976	77	11	the	the	DET
cblr-2976	77	12	number	number	NOUN
cblr-2976	77	13	of	of	ADP
cblr-2976	77	14	firms	firm	NOUN
cblr-2976	77	15	goes	go	VERB
cblr-2976	77	16	down	down	ADP
cblr-2976	77	17	from	from	ADP
cblr-2976	77	18	some	some	DET
cblr-2976	77	19	comfortable	comfortable	ADJ
cblr-2976	77	20	level	level	NOUN
cblr-2976	77	21	to	to	ADP
cblr-2976	77	22	four	four	NUM
cblr-2976	77	23	,	,	PUNCT
cblr-2976	77	24	three	three	NUM
cblr-2976	77	25	,	,	PUNCT
cblr-2976	77	26	or	or	CCONJ
cblr-2976	77	27	two	two	NUM
cblr-2976	77	28	,	,	PUNCT
cblr-2976	77	29	it	it	PRON
cblr-2976	77	30	is	be	AUX
cblr-2976	77	31	reasonable	reasonable	ADJ
cblr-2976	77	32	for	for	SCONJ
cblr-2976	77	33	the	the	DET
cblr-2976	77	34	regulator	regulator	NOUN
cblr-2976	77	35	to	to	PART
cblr-2976	77	36	become	become	VERB
cblr-2976	77	37	concerned	concerned	ADJ
cblr-2976	77	38	that	that	SCONJ
cblr-2976	77	39	such	such	ADJ
cblr-2976	77	40	reduction	reduction	NOUN
cblr-2976	77	41	in	in	ADP
cblr-2976	77	42	the	the	DET
cblr-2976	77	43	number	number	NOUN
cblr-2976	77	44	of	of	ADP
cblr-2976	77	45	firms	firm	NOUN
cblr-2976	77	46	will	will	AUX
cblr-2976	77	47	enable	enable	VERB
cblr-2976	77	48	the	the	DET
cblr-2976	77	49	incumbents	incumbent	NOUN
cblr-2976	77	50	to	to	PART
cblr-2976	77	51	coordinate	coordinate	VERB
cblr-2976	77	52	on	on	ADP
cblr-2976	77	53	prices	price	NOUN
cblr-2976	77	54	and	and	CCONJ
cblr-2976	77	55	other	other	ADJ
cblr-2976	77	56	key	key	ADJ
cblr-2976	77	57	dimensions	dimension	NOUN
cblr-2976	77	58	of	of	ADP
cblr-2976	77	59	competition	competition	NOUN
cblr-2976	77	60	.	.	PUNCT
cblr-2976	77	61	"	"	PUNCT
cblr-2976	78	1	coordinated	coordinate	VERB
cblr-2976	78	2	effects	effect	NOUN
cblr-2976	78	3	derive	derive	ADJ
cblr-2976	78	4	from	from	ADP
cblr-2976	78	5	the	the	DET
cblr-2976	78	6	notion	notion	NOUN
cblr-2976	78	7	that	that	SCONJ
cblr-2976	78	8	a	a	DET
cblr-2976	78	9	merger	merger	NOUN
cblr-2976	78	10	will	will	AUX
cblr-2976	78	11	increase	increase	VERB
cblr-2976	78	12	the	the	DET
cblr-2976	78	13	incentive	incentive	NOUN
cblr-2976	78	14	and	and	CCONJ
cblr-2976	78	15	ability	ability	NOUN
cblr-2976	78	16	of	of	ADP
cblr-2976	78	17	all	all	PRON
cblr-2976	78	18	(	(	PUNCT
cblr-2976	78	19	or	or	CCONJ
cblr-2976	78	20	a	a	DET
cblr-2976	78	21	subset	subset	NOUN
cblr-2976	78	22	of	of	ADP
cblr-2976	78	23	)	)	PUNCT
cblr-2976	78	24	firms	firm	NOUN
cblr-2976	78	25	in	in	ADP
cblr-2976	78	26	the	the	DET
cblr-2976	78	27	market	market	NOUN
cblr-2976	78	28	to	to	PART
cblr-2976	78	29	engage	engage	VERB
cblr-2976	78	30	in	in	ADP
cblr-2976	78	31	tacit	tacit	ADJ
cblr-2976	78	32	coordination	coordination	NOUN
cblr-2976	78	33	.	.	PUNCT
cblr-2976	79	1	by	by	ADP
cblr-2976	79	2	tacit	tacit	ADJ
cblr-2976	79	3	coordination	coordination	NOUN
cblr-2976	79	4	,	,	PUNCT
cblr-2976	79	5	i	i	PRON
cblr-2976	79	6	do	do	AUX
cblr-2976	79	7	not	not	PART
cblr-2976	79	8	mean	mean	VERB
cblr-2976	79	9	coordination	coordination	NOUN
cblr-2976	79	10	that	that	PRON
cblr-2976	79	11	requires	require	VERB
cblr-2976	79	12	direct	direct	ADJ
cblr-2976	79	13	contact	contact	NOUN
cblr-2976	79	14	and	and	CCONJ
cblr-2976	79	15	explicit	explicit	ADJ
cblr-2976	79	16	exchange	exchange	NOUN
cblr-2976	79	17	of	of	ADP
cblr-2976	79	18	information	information	NOUN
cblr-2976	79	19	about	about	ADP
cblr-2976	79	20	costs	cost	NOUN
cblr-2976	79	21	,	,	PUNCT
cblr-2976	79	22	sales	sale	NOUN
cblr-2976	79	23	,	,	PUNCT
cblr-2976	79	24	and	and	CCONJ
cblr-2976	79	25	so	so	ADV
cblr-2976	79	26	forth	forth	ADV
cblr-2976	79	27	,	,	PUNCT
cblr-2976	79	28	but	but	CCONJ
cblr-2976	79	29	rather	rather	ADV
cblr-2976	79	30	the	the	DET
cblr-2976	79	31	kind	kind	NOUN
cblr-2976	79	32	of	of	ADP
cblr-2976	79	33	coordination	coordination	NOUN
cblr-2976	79	34	that	that	PRON
cblr-2976	79	35	can	can	AUX
cblr-2976	79	36	emerge	emerge	VERB
cblr-2976	79	37	in	in	ADP
cblr-2976	79	38	the	the	DET
cblr-2976	79	39	marketplace	marketplace	NOUN
cblr-2976	79	40	merely	merely	ADV
cblr-2976	79	41	through	through	ADP
cblr-2976	79	42	market	market	NOUN
cblr-2976	79	43	signals	signal	NOUN
cblr-2976	79	44	.	.	PUNCT
cblr-2976	80	1	the	the	DET
cblr-2976	80	2	basic	basic	ADJ
cblr-2976	80	3	idea	idea	NOUN
cblr-2976	80	4	is	be	AUX
cblr-2976	80	5	that	that	SCONJ
cblr-2976	80	6	by	by	ADP
cblr-2976	80	7	simply	simply	ADV
cblr-2976	80	8	signaling	signal	VERB
cblr-2976	80	9	across	across	ADP
cblr-2976	80	10	the	the	DET
cblr-2976	80	11	penumbra	penumbra	NOUN
cblr-2976	80	12	of	of	ADP
cblr-2976	80	13	the	the	DET
cblr-2976	80	14	market	market	NOUN
cblr-2976	80	15	,	,	PUNCT
cblr-2976	80	16	firms	firm	NOUN
cblr-2976	80	17	are	be	AUX
cblr-2976	80	18	able	able	ADJ
cblr-2976	80	19	to	to	PART
cblr-2976	80	20	come	come	VERB
cblr-2976	80	21	to	to	ADP
cblr-2976	80	22	a	a	DET
cblr-2976	80	23	tacit	tacit	ADJ
cblr-2976	80	24	agreement	agreement	NOUN
cblr-2976	80	25	on	on	ADP
cblr-2976	80	26	the	the	DET
cblr-2976	80	27	various	various	ADJ
cblr-2976	80	28	strategies	strategy	NOUN
cblr-2976	80	29	that	that	PRON
cblr-2976	80	30	will	will	AUX
cblr-2976	80	31	enable	enable	VERB
cblr-2976	80	32	them	they	PRON
cblr-2976	80	33	to	to	PART
cblr-2976	80	34	restrain	restrain	VERB
cblr-2976	80	35	the	the	DET
cblr-2976	80	36	forces	force	NOUN
cblr-2976	80	37	of	of	ADP
cblr-2976	80	38	competition	competition	NOUN
cblr-2976	80	39	and	and	CCONJ
cblr-2976	80	40	elevate	elevate	VERB
cblr-2976	80	41	prices	price	NOUN
cblr-2976	80	42	above	above	ADP
cblr-2976	80	43	the	the	DET
cblr-2976	80	44	competitive	competitive	ADJ
cblr-2976	80	45	(	(	PUNCT
cblr-2976	80	46	or	or	CCONJ
cblr-2976	80	47	pre	pre	ADJ
cblr-2976	80	48	-	-	ADJ
cblr-2976	80	49	merger	merger	ADJ
cblr-2976	80	50	)	)	PUNCT
cblr-2976	80	51	level	level	NOUN
cblr-2976	80	52	.	.	PUNCT
cblr-2976	80	53	2	2	NUM
cblr-2976	80	54	as	as	SCONJ
cblr-2976	80	55	set	set	VERB
cblr-2976	80	56	forth	forth	ADV
cblr-2976	80	57	below	below	ADV
cblr-2976	80	58	,	,	PUNCT
cblr-2976	80	59	attempts	attempt	VERB
cblr-2976	80	60	at	at	ADP
cblr-2976	80	61	price	price	NOUN
cblr-2976	80	62	elevation	elevation	NOUN
cblr-2976	80	63	through	through	ADP
cblr-2976	80	64	coordinated	coordinate	VERB
cblr-2976	80	65	interaction	interaction	NOUN
cblr-2976	80	66	can	can	AUX
cblr-2976	80	67	succeed	succeed	VERB
cblr-2976	80	68	only	only	ADV
cblr-2976	80	69	if	if	SCONJ
cblr-2976	80	70	a	a	DET
cblr-2976	80	71	sufficient	sufficient	ADJ
cblr-2976	80	72	number	number	NOUN
cblr-2976	80	73	of	of	ADP
cblr-2976	80	74	firms	firm	NOUN
cblr-2976	80	75	are	be	AUX
cblr-2976	80	76	willing	willing	ADJ
cblr-2976	80	77	to	to	PART
cblr-2976	80	78	play	play	VERB
cblr-2976	80	79	the	the	DET
cblr-2976	80	80	(	(	PUNCT
cblr-2976	80	81	tacit	tacit	ADJ
cblr-2976	80	82	)	)	PUNCT
cblr-2976	80	83	coordination	coordination	NOUN
cblr-2976	80	84	game	game	NOUN
cblr-2976	80	85	,	,	PUNCT
cblr-2976	80	86	i.e.	i.e.	X
cblr-2976	80	87	,	,	PUNCT
cblr-2976	80	88	to	to	PART
cblr-2976	80	89	subscribe	subscribe	VERB
cblr-2976	80	90	to	to	ADP
cblr-2976	80	91	the	the	DET
cblr-2976	80	92	mechanism	mechanism	NOUN
cblr-2976	80	93	of	of	ADP
cblr-2976	80	94	coordination	coordination	NOUN
cblr-2976	80	95	.	.	PUNCT
cblr-2976	81	1	put	put	VERB
cblr-2976	81	2	another	another	DET
cblr-2976	81	3	way	way	NOUN
cblr-2976	81	4	,	,	PUNCT
cblr-2976	81	5	what	what	PRON
cblr-2976	81	6	10	10	NUM
cblr-2976	81	7	see	see	VERB
cblr-2976	81	8	,	,	PUNCT
cblr-2976	81	9	e.g.	e.g.	ADV
cblr-2976	81	10	,	,	PUNCT
cblr-2976	81	11	richard	richard	PROPN
cblr-2976	81	12	schmalensee	schmalensee	PROPN
cblr-2976	81	13	,	,	PUNCT
cblr-2976	81	14	inter	inter	ADJ
cblr-2976	81	15	-	-	ADJ
cblr-2976	81	16	industry	industry	ADJ
cblr-2976	81	17	studies	study	NOUN
cblr-2976	81	18	of	of	ADP
cblr-2976	81	19	structure	structure	NOUN
cblr-2976	81	20	and	and	CCONJ
cblr-2976	81	21	performance	performance	NOUN
cblr-2976	81	22	,	,	PUNCT
cblr-2976	81	23	in	in	ADP
cblr-2976	81	24	2	2	NUM
cblr-2976	81	25	handbook	handbook	NOUN
cblr-2976	81	26	of	of	ADP
cblr-2976	81	27	industrial	industrial	ADJ
cblr-2976	81	28	organization	organization	NOUN
cblr-2976	81	29	951	951	NUM
cblr-2976	81	30	,	,	PUNCT
cblr-2976	81	31	976	976	NUM
cblr-2976	81	32	(	(	PUNCT
cblr-2976	81	33	richard	richard	PROPN
cblr-2976	81	34	schmalensee	schmalensee	PROPN
cblr-2976	81	35	&	&	CCONJ
cblr-2976	81	36	robert	robert	PROPN
cblr-2976	81	37	d.	d.	PROPN
cblr-2976	81	38	willig	willig	PROPN
cblr-2976	81	39	eds	eds	PROPN
cblr-2976	81	40	.	.	PROPN
cblr-2976	81	41	,	,	PUNCT
cblr-2976	81	42	1989	1989	NUM
cblr-2976	81	43	)	)	PUNCT
cblr-2976	81	44	(	(	PUNCT
cblr-2976	81	45	"	"	PUNCT
cblr-2976	81	46	the	the	DET
cblr-2976	81	47	relation	relation	NOUN
cblr-2976	81	48	,	,	PUNCT
cblr-2976	81	49	if	if	SCONJ
cblr-2976	81	50	any	any	PRON
cblr-2976	81	51	,	,	PUNCT
cblr-2976	81	52	between	between	ADP
cblr-2976	81	53	seller	seller	NOUN
cblr-2976	81	54	concentration	concentration	NOUN
cblr-2976	81	55	and	and	CCONJ
cblr-2976	81	56	profitability	profitability	NOUN
cblr-2976	81	57	is	be	AUX
cblr-2976	81	58	weak	weak	ADJ
cblr-2976	81	59	statistically	statistically	ADV
cblr-2976	81	60	,	,	PUNCT
cblr-2976	81	61	and	and	CCONJ
cblr-2976	81	62	the	the	DET
cblr-2976	81	63	estimated	estimate	VERB
cblr-2976	81	64	concentration	concentration	NOUN
cblr-2976	81	65	effect	effect	NOUN
cblr-2976	81	66	is	be	AUX
cblr-2976	81	67	usually	usually	ADV
cblr-2976	81	68	small	small	ADJ
cblr-2976	81	69	.	.	PUNCT
cblr-2976	82	1	the	the	DET
cblr-2976	82	2	estimated	estimate	VERB
cblr-2976	82	3	relation	relation	NOUN
cblr-2976	82	4	is	be	AUX
cblr-2976	82	5	unstable	unstable	ADJ
cblr-2976	82	6	over	over	ADP
cblr-2976	82	7	time	time	NOUN
cblr-2976	82	8	and	and	CCONJ
cblr-2976	82	9	space	space	NOUN
cblr-2976	82	10	and	and	CCONJ
cblr-2976	82	11	vanishes	vanish	VERB
cblr-2976	82	12	in	in	ADP
cblr-2976	82	13	many	many	ADJ
cblr-2976	82	14	multivariate	multivariate	NOUN
cblr-2976	82	15	studies	study	NOUN
cblr-2976	82	16	.	.	PUNCT
cblr-2976	82	17	"	"	PUNCT
cblr-2976	82	18	)	)	PUNCT
cblr-2976	82	19	.	.	PUNCT
cblr-2976	83	1	"	"	PUNCT
cblr-2976	84	1	i	i	PRON
cblr-2976	84	2	stress	stress	VERB
cblr-2976	84	3	the	the	DET
cblr-2976	84	4	notion	notion	NOUN
cblr-2976	84	5	of	of	ADP
cblr-2976	84	6	other	other	ADJ
cblr-2976	84	7	key	key	ADJ
cblr-2976	84	8	dimensions	dimension	NOUN
cblr-2976	84	9	of	of	ADP
cblr-2976	84	10	competition	competition	NOUN
cblr-2976	84	11	,	,	PUNCT
cblr-2976	84	12	because	because	SCONJ
cblr-2976	84	13	the	the	DET
cblr-2976	84	14	merger	merger	NOUN
cblr-2976	84	15	guidelines	guideline	VERB
cblr-2976	84	16	as	as	ADV
cblr-2976	84	17	well	well	ADV
cblr-2976	84	18	as	as	ADP
cblr-2976	84	19	common	common	ADJ
cblr-2976	84	20	sense	sense	NOUN
cblr-2976	84	21	suggest	suggest	VERB
cblr-2976	84	22	that	that	SCONJ
cblr-2976	84	23	the	the	DET
cblr-2976	84	24	price	price	NOUN
cblr-2976	84	25	is	be	AUX
cblr-2976	84	26	only	only	ADV
cblr-2976	84	27	one	one	NUM
cblr-2976	84	28	focus	focus	NOUN
cblr-2976	84	29	of	of	ADP
cblr-2976	84	30	the	the	DET
cblr-2976	84	31	analysis	analysis	NOUN
cblr-2976	84	32	.	.	PUNCT
cblr-2976	85	1	competition	competition	NOUN
cblr-2976	85	2	can	can	AUX
cblr-2976	85	3	also	also	ADV
cblr-2976	85	4	take	take	VERB
cblr-2976	85	5	place	place	NOUN
cblr-2976	85	6	on	on	ADP
cblr-2976	85	7	the	the	DET
cblr-2976	85	8	quality	quality	NOUN
cblr-2976	85	9	of	of	ADP
cblr-2976	85	10	service	service	NOUN
cblr-2976	85	11	,	,	PUNCT
cblr-2976	85	12	capacity	capacity	NOUN
cblr-2976	85	13	,	,	PUNCT
cblr-2976	85	14	innovation	innovation	NOUN
cblr-2976	85	15	,	,	PUNCT
cblr-2976	85	16	licensing	licensing	NOUN
cblr-2976	85	17	,	,	PUNCT
cblr-2976	85	18	advertising	advertising	NOUN
cblr-2976	85	19	and	and	CCONJ
cblr-2976	85	20	marketing	marketing	NOUN
cblr-2976	85	21	,	,	PUNCT
cblr-2976	85	22	etc	etc	X
cblr-2976	85	23	.	.	X
cblr-2976	86	1	these	these	DET
cblr-2976	86	2	other	other	ADJ
cblr-2976	86	3	dimensions	dimension	NOUN
cblr-2976	86	4	of	of	ADP
cblr-2976	86	5	competition	competition	NOUN
cblr-2976	86	6	should	should	AUX
cblr-2976	86	7	be	be	AUX
cblr-2976	86	8	part	part	NOUN
cblr-2976	86	9	of	of	ADP
cblr-2976	86	10	the	the	DET
cblr-2976	86	11	analysis	analysis	NOUN
cblr-2976	86	12	.	.	PUNCT
cblr-2976	87	1	12	12	NUM
cblr-2976	87	2	of	of	ADP
cblr-2976	87	3	course	course	NOUN
cblr-2976	87	4	,	,	PUNCT
cblr-2976	87	5	a	a	DET
cblr-2976	87	6	merger	merger	NOUN
cblr-2976	87	7	can	can	AUX
cblr-2976	87	8	also	also	ADV
cblr-2976	87	9	facilitate	facilitate	VERB
cblr-2976	87	10	express	express	ADJ
cblr-2976	87	11	collusion	collusion	NOUN
cblr-2976	87	12	.	.	PUNCT
cblr-2976	88	1	that	that	DET
cblr-2976	88	2	issue	issue	NOUN
cblr-2976	88	3	is	be	AUX
cblr-2976	88	4	beyond	beyond	ADP
cblr-2976	88	5	the	the	DET
cblr-2976	88	6	scope	scope	NOUN
cblr-2976	88	7	of	of	ADP
cblr-2976	88	8	this	this	DET
cblr-2976	88	9	article	article	NOUN
cblr-2976	88	10	.	.	PUNCT
cblr-2976	89	1	distinguishes	distinguish	VERB
cblr-2976	89	2	coordinated	coordinate	VERB
cblr-2976	89	3	effects	effect	NOUN
cblr-2976	89	4	from	from	ADP
cblr-2976	89	5	unilateral	unilateral	ADJ
cblr-2976	89	6	effects	effect	NOUN
cblr-2976	89	7	is	be	AUX
cblr-2976	89	8	that	that	SCONJ
cblr-2976	89	9	the	the	DET
cblr-2976	89	10	former	former	ADJ
cblr-2976	89	11	can	can	AUX
cblr-2976	89	12	only	only	ADV
cblr-2976	89	13	come	come	VERB
cblr-2976	89	14	about	about	ADP
cblr-2976	89	15	if	if	SCONJ
cblr-2976	89	16	a	a	DET
cblr-2976	89	17	sufficient	sufficient	ADJ
cblr-2976	89	18	number	number	NOUN
cblr-2976	89	19	of	of	ADP
cblr-2976	89	20	industry	industry	NOUN
cblr-2976	89	21	participants	participant	NOUN
cblr-2976	89	22	concludes	conclude	VERB
cblr-2976	89	23	that	that	SCONJ
cblr-2976	89	24	less	less	ADJ
cblr-2976	89	25	competition	competition	NOUN
cblr-2976	89	26	is	be	AUX
cblr-2976	89	27	better	well	ADJ
cblr-2976	89	28	than	than	ADP
cblr-2976	89	29	more	more	ADJ
cblr-2976	89	30	competition	competition	NOUN
cblr-2976	89	31	and	and	CCONJ
cblr-2976	89	32	then	then	ADV
cblr-2976	89	33	is	be	AUX
cblr-2976	89	34	able	able	ADJ
cblr-2976	89	35	to	to	PART
cblr-2976	89	36	implement	implement	VERB
cblr-2976	89	37	and	and	CCONJ
cblr-2976	89	38	act	act	VERB
cblr-2976	89	39	upon	upon	SCONJ
cblr-2976	89	40	this	this	DET
cblr-2976	89	41	belief	belief	NOUN
cblr-2976	89	42	.	.	PUNCT
cblr-2976	90	1	thus	thus	ADV
cblr-2976	90	2	,	,	PUNCT
cblr-2976	90	3	a	a	DET
cblr-2976	90	4	merger	merger	NOUN
cblr-2976	90	5	engenders	engender	NOUN
cblr-2976	90	6	concern	concern	NOUN
cblr-2976	90	7	about	about	ADP
cblr-2976	90	8	coordinated	coordinate	VERB
cblr-2976	90	9	effects	effect	NOUN
cblr-2976	90	10	if	if	SCONJ
cblr-2976	90	11	it	it	PRON
cblr-2976	90	12	allows	allow	VERB
cblr-2976	90	13	incumbents	incumbent	NOUN
cblr-2976	90	14	to	to	PART
cblr-2976	90	15	better	well	ADV
cblr-2976	90	16	understand	understand	VERB
cblr-2976	90	17	and	and	CCONJ
cblr-2976	90	18	take	take	VERB
cblr-2976	90	19	advantage	advantage	NOUN
cblr-2976	90	20	of	of	ADP
cblr-2976	90	21	their	their	PRON
cblr-2976	90	22	interdependence	interdependence	NOUN
cblr-2976	90	23	,	,	PUNCT
cblr-2976	90	24	thereby	thereby	ADV
cblr-2976	90	25	making	make	VERB
cblr-2976	90	26	non	non	ADJ
cblr-2976	90	27	-	-	ADJ
cblr-2976	90	28	competitive	competitive	ADJ
cblr-2976	90	29	conduct	conduct	NOUN
cblr-2976	90	30	more	more	ADV
cblr-2976	90	31	likely	likely	ADJ
cblr-2976	90	32	,	,	PUNCT
cblr-2976	90	33	complete	complete	ADJ
cblr-2976	90	34	,	,	PUNCT
cblr-2976	90	35	and	and	CCONJ
cblr-2976	90	36	stable	stable	ADJ
cblr-2976	90	37	.	.	PUNCT
cblr-2976	91	1	it	it	PRON
cblr-2976	91	2	is	be	AUX
cblr-2976	91	3	worth	worth	ADJ
cblr-2976	91	4	noting	note	VERB
cblr-2976	91	5	in	in	ADP
cblr-2976	91	6	passing	pass	VERB
cblr-2976	91	7	that	that	SCONJ
cblr-2976	91	8	the	the	DET
cblr-2976	91	9	procedure	procedure	NOUN
cblr-2976	91	10	outlined	outline	VERB
cblr-2976	91	11	in	in	ADP
cblr-2976	91	12	the	the	DET
cblr-2976	91	13	merger	merger	NOUN
cblr-2976	91	14	guidelines	guideline	NOUN
cblr-2976	91	15	to	to	PART
cblr-2976	91	16	define	define	VERB
cblr-2976	91	17	the	the	DET
cblr-2976	91	18	relevant	relevant	ADJ
cblr-2976	91	19	market	market	NOUN
cblr-2976	91	20	suggests	suggest	VERB
cblr-2976	91	21	that	that	SCONJ
cblr-2976	91	22	in	in	ADP
cblr-2976	91	23	a	a	DET
cblr-2976	91	24	well	well	ADV
cblr-2976	91	25	-	-	PUNCT
cblr-2976	91	26	defined	define	VERB
cblr-2976	91	27	antirust	antirust	NOUN
cblr-2976	91	28	market	market	NOUN
cblr-2976	91	29	there	there	PRON
cblr-2976	91	30	is	be	VERB
cblr-2976	91	31	at	at	ADP
cblr-2976	91	32	least	least	ADJ
cblr-2976	91	33	some	some	PRON
cblr-2976	91	34	prima	prima	NOUN
cblr-2976	91	35	facie	facie	NOUN
cblr-2976	91	36	incentive	incentive	NOUN
cblr-2976	91	37	for	for	SCONJ
cblr-2976	91	38	firms	firm	NOUN
cblr-2976	91	39	to	to	PART
cblr-2976	91	40	engage	engage	VERB
cblr-2976	91	41	in	in	ADP
cblr-2976	91	42	tacit	tacit	ADJ
cblr-2976	91	43	collusion	collusion	NOUN
cblr-2976	91	44	with	with	ADP
cblr-2976	91	45	the	the	DET
cblr-2976	91	46	effect	effect	NOUN
cblr-2976	91	47	of	of	ADP
cblr-2976	91	48	increasing	increase	VERB
cblr-2976	91	49	prices	price	NOUN
cblr-2976	91	50	above	above	ADP
cblr-2976	91	51	the	the	DET
cblr-2976	91	52	"	"	PUNCT
cblr-2976	91	53	current	current	ADJ
cblr-2976	91	54	"	"	PUNCT
cblr-2976	91	55	level	level	NOUN
cblr-2976	91	56	.	.	PUNCT
cblr-2976	92	1	recall	recall	VERB
cblr-2976	92	2	that	that	SCONJ
cblr-2976	92	3	the	the	DET
cblr-2976	92	4	merger	merger	NOUN
cblr-2976	92	5	guidelines	guideline	VERB
cblr-2976	92	6	define	define	VERB
cblr-2976	92	7	the	the	DET
cblr-2976	92	8	relevant	relevant	ADJ
cblr-2976	92	9	product	product	NOUN
cblr-2976	92	10	market	market	NOUN
cblr-2976	92	11	using	use	VERB
cblr-2976	92	12	the	the	DET
cblr-2976	92	13	so	so	ADV
cblr-2976	92	14	-	-	PUNCT
cblr-2976	92	15	called	call	VERB
cblr-2976	92	16	ssnip	ssnip	NOUN
cblr-2976	92	17	methodology	methodology	NOUN
cblr-2976	92	18	:	:	PUNCT
cblr-2976	92	19	"	"	PUNCT
cblr-2976	92	20	absent	absent	ADJ
cblr-2976	92	21	price	price	NOUN
cblr-2976	92	22	discrimination	discrimination	NOUN
cblr-2976	92	23	,	,	PUNCT
cblr-2976	92	24	the	the	DET
cblr-2976	92	25	agency	agency	NOUN
cblr-2976	92	26	will	will	AUX
cblr-2976	92	27	delineate	delineate	VERB
cblr-2976	92	28	the	the	DET
cblr-2976	92	29	product	product	NOUN
cblr-2976	92	30	market	market	NOUN
cblr-2976	92	31	to	to	PART
cblr-2976	92	32	be	be	AUX
cblr-2976	92	33	a	a	DET
cblr-2976	92	34	product	product	NOUN
cblr-2976	92	35	or	or	CCONJ
cblr-2976	92	36	group	group	NOUN
cblr-2976	92	37	of	of	ADP
cblr-2976	92	38	products	product	NOUN
cblr-2976	92	39	such	such	ADJ
cblr-2976	92	40	that	that	SCONJ
cblr-2976	92	41	a	a	DET
cblr-2976	92	42	hypothetical	hypothetical	ADJ
cblr-2976	92	43	profit	profit	NOUN
cblr-2976	92	44	-	-	PUNCT
cblr-2976	92	45	maximizing	maximize	VERB
cblr-2976	92	46	firm	firm	NOUN
cblr-2976	92	47	that	that	PRON
cblr-2976	92	48	was	be	AUX
cblr-2976	92	49	the	the	DET
cblr-2976	92	50	only	only	ADJ
cblr-2976	92	51	present	present	ADJ
cblr-2976	92	52	and	and	CCONJ
cblr-2976	92	53	future	future	ADJ
cblr-2976	92	54	seller	seller	NOUN
cblr-2976	92	55	of	of	ADP
cblr-2976	92	56	those	those	DET
cblr-2976	92	57	products	product	NOUN
cblr-2976	92	58	(	(	PUNCT
cblr-2976	92	59	'	'	PUNCT
cblr-2976	92	60	monopolist	monopolist	NOUN
cblr-2976	92	61	'	'	PUNCT
cblr-2976	92	62	)	)	PUNCT
cblr-2976	92	63	likely	likely	ADV
cblr-2976	92	64	would	would	AUX
cblr-2976	92	65	impose	impose	VERB
cblr-2976	92	66	at	at	ADP
cblr-2976	92	67	least	least	ADJ
cblr-2976	92	68	a	a	DET
cblr-2976	92	69	'	'	PUNCT
cblr-2976	92	70	small	small	ADJ
cblr-2976	92	71	but	but	CCONJ
cblr-2976	92	72	significant	significant	ADJ
cblr-2976	92	73	and	and	CCONJ
cblr-2976	92	74	nontransitory	nontransitory	ADJ
cblr-2976	92	75	'	'	PUNCT
cblr-2976	92	76	increase	increase	NOUN
cblr-2976	92	77	in	in	ADP
cblr-2976	92	78	price	price	NOUN
cblr-2976	93	1	[	[	X
cblr-2976	93	2	ssnip	ssnip	NOUN
cblr-2976	93	3	.	.	PUNCT
cblr-2976	93	4	"	"	PUNCT
cblr-2976	94	1	13	13	NUM
cblr-2976	94	2	if	if	SCONJ
cblr-2976	94	3	the	the	DET
cblr-2976	94	4	relevant	relevant	ADJ
cblr-2976	94	5	market	market	NOUN
cblr-2976	94	6	is	be	AUX
cblr-2976	94	7	defined	define	VERB
cblr-2976	94	8	using	use	VERB
cblr-2976	94	9	the	the	DET
cblr-2976	94	10	ssnip	ssnip	NOUN
cblr-2976	94	11	methodology	methodology	NOUN
cblr-2976	94	12	,	,	PUNCT
cblr-2976	94	13	it	it	PRON
cblr-2976	94	14	follows	follow	VERB
cblr-2976	94	15	that	that	SCONJ
cblr-2976	94	16	a	a	DET
cblr-2976	94	17	monopolist	monopolist	NOUN
cblr-2976	94	18	over	over	ADP
cblr-2976	94	19	the	the	DET
cblr-2976	94	20	products	product	NOUN
cblr-2976	94	21	in	in	ADP
cblr-2976	94	22	such	such	ADJ
cblr-2976	94	23	market	market	NOUN
cblr-2976	94	24	would	would	AUX
cblr-2976	94	25	profitably	profitably	ADV
cblr-2976	94	26	raise	raise	VERB
cblr-2976	94	27	prices	price	NOUN
cblr-2976	94	28	in	in	ADP
cblr-2976	94	29	the	the	DET
cblr-2976	94	30	relevant	relevant	ADJ
cblr-2976	94	31	market	market	NOUN
cblr-2976	94	32	by	by	ADP
cblr-2976	94	33	roughly	roughly	ADV
cblr-2976	94	34	five	five	NUM
cblr-2976	94	35	to	to	PART
cblr-2976	94	36	ten	ten	NUM
cblr-2976	94	37	percent	percent	NOUN
cblr-2976	94	38	.	.	PUNCT
cblr-2976	95	1	put	put	VERB
cblr-2976	95	2	another	another	DET
cblr-2976	95	3	way	way	NOUN
cblr-2976	95	4	,	,	PUNCT
cblr-2976	95	5	the	the	DET
cblr-2976	95	6	incumbent	incumbent	ADJ
cblr-2976	95	7	market	market	NOUN
cblr-2976	95	8	participants	participant	NOUN
cblr-2976	95	9	in	in	ADP
cblr-2976	95	10	the	the	DET
cblr-2976	95	11	relevant	relevant	ADJ
cblr-2976	95	12	market	market	NOUN
cblr-2976	95	13	,	,	PUNCT
cblr-2976	95	14	defined	define	VERB
cblr-2976	95	15	using	use	VERB
cblr-2976	95	16	the	the	DET
cblr-2976	95	17	ssnip	ssnip	NOUN
cblr-2976	95	18	methodology	methodology	NOUN
cblr-2976	95	19	,	,	PUNCT
cblr-2976	95	20	are	be	AUX
cblr-2976	95	21	by	by	ADP
cblr-2976	95	22	definition	definition	NOUN
cblr-2976	95	23	leaving	leave	VERB
cblr-2976	95	24	money	money	NOUN
cblr-2976	95	25	on	on	ADP
cblr-2976	95	26	the	the	DET
cblr-2976	95	27	table	table	NOUN
cblr-2976	95	28	(	(	PUNCT
cblr-2976	95	29	for	for	ADP
cblr-2976	95	30	consumers	consumer	NOUN
cblr-2976	95	31	)	)	PUNCT
cblr-2976	95	32	.	.	PUNCT
cblr-2976	96	1	this	this	PRON
cblr-2976	96	2	raises	raise	VERB
cblr-2976	96	3	the	the	DET
cblr-2976	96	4	question	question	NOUN
cblr-2976	96	5	whether	whether	SCONJ
cblr-2976	96	6	and	and	CCONJ
cblr-2976	96	7	how	how	SCONJ
cblr-2976	96	8	the	the	DET
cblr-2976	96	9	transaction	transaction	NOUN
cblr-2976	96	10	creates	create	VERB
cblr-2976	96	11	an	an	DET
cblr-2976	96	12	incentive	incentive	NOUN
cblr-2976	96	13	and	and	CCONJ
cblr-2976	96	14	ability	ability	NOUN
cblr-2976	96	15	for	for	ADP
cblr-2976	96	16	some	some	PRON
cblr-2976	96	17	or	or	CCONJ
cblr-2976	96	18	all	all	DET
cblr-2976	96	19	incumbent	incumbent	ADJ
cblr-2976	96	20	firms	firm	NOUN
cblr-2976	96	21	to	to	PART
cblr-2976	96	22	raise	raise	VERB
cblr-2976	96	23	the	the	DET
cblr-2976	96	24	price	price	NOUN
cblr-2976	96	25	above	above	ADP
cblr-2976	96	26	the	the	DET
cblr-2976	96	27	pre	pre	ADJ
cblr-2976	96	28	-	-	ADJ
cblr-2976	96	29	merger	merger	ADJ
cblr-2976	96	30	level	level	NOUN
cblr-2976	96	31	and	and	CCONJ
cblr-2976	96	32	closer	close	ADJ
cblr-2976	96	33	to	to	ADP
cblr-2976	96	34	the	the	DET
cblr-2976	96	35	monopoly	monopoly	NOUN
cblr-2976	96	36	level	level	NOUN
cblr-2976	96	37	.	.	PUNCT
cblr-2976	97	1	in	in	ADP
cblr-2976	97	2	other	other	ADJ
cblr-2976	97	3	words	word	NOUN
cblr-2976	97	4	,	,	PUNCT
cblr-2976	97	5	the	the	DET
cblr-2976	97	6	question	question	NOUN
cblr-2976	97	7	is	be	AUX
cblr-2976	97	8	the	the	DET
cblr-2976	97	9	extent	extent	NOUN
cblr-2976	97	10	to	to	PART
cblr-2976	97	11	which	which	PRON
cblr-2976	97	12	a	a	DET
cblr-2976	97	13	particular	particular	ADJ
cblr-2976	97	14	merger	merger	NOUN
cblr-2976	97	15	mitigates	mitigate	VERB
cblr-2976	97	16	the	the	DET
cblr-2976	97	17	existing	exist	VERB
cblr-2976	97	18	impediments	impediment	NOUN
cblr-2976	97	19	to	to	ADP
cblr-2976	97	20	acting	act	VERB
cblr-2976	97	21	on	on	ADP
cblr-2976	97	22	the	the	DET
cblr-2976	97	23	incentive	incentive	NOUN
cblr-2976	97	24	to	to	PART
cblr-2976	97	25	raise	raise	VERB
cblr-2976	97	26	prices	price	NOUN
cblr-2976	97	27	.	.	PUNCT
cblr-2976	98	1	before	before	SCONJ
cblr-2976	98	2	we	we	PRON
cblr-2976	98	3	can	can	AUX
cblr-2976	98	4	address	address	VERB
cblr-2976	98	5	this	this	DET
cblr-2976	98	6	question	question	NOUN
cblr-2976	98	7	,	,	PUNCT
cblr-2976	98	8	it	it	PRON
cblr-2976	98	9	is	be	AUX
cblr-2976	98	10	necessary	necessary	ADJ
cblr-2976	98	11	to	to	PART
cblr-2976	98	12	explain	explain	VERB
cblr-2976	98	13	how	how	SCONJ
cblr-2976	98	14	firm	firm	ADJ
cblr-2976	98	15	's	's	PART
cblr-2976	98	16	incentives	incentive	NOUN
cblr-2976	98	17	enter	enter	VERB
cblr-2976	98	18	into	into	ADP
cblr-2976	98	19	the	the	DET
cblr-2976	98	20	analysis	analysis	NOUN
cblr-2976	98	21	of	of	ADP
cblr-2976	98	22	"	"	PUNCT
cblr-2976	98	23	merger	merger	NOUN
cblr-2976	98	24	guidelines	guideline	NOUN
cblr-2976	98	25	,	,	PUNCT
cblr-2976	98	26	supra	supra	PROPN
cblr-2976	98	27	note	note	NOUN
cblr-2976	98	28	2	2	NUM
cblr-2976	98	29	,	,	PUNCT
cblr-2976	98	30	at	at	ADP
cblr-2976	98	31	§	§	NOUN
cblr-2976	98	32	1.11	1.11	NUM
cblr-2976	98	33	.	.	PUNCT
cblr-2976	99	1	col	col	PROPN
cblr-2976	99	2	umbia	umbia	PROPN
cblr-2976	99	3	b	b	PROPN
cblr-2976	99	4	usiness	usiness	PROPN
cblr-2976	99	5	la	la	PROPN
cblr-2976	99	6	w	w	PROPN
cblr-2976	99	7	re	re	PROPN
cblr-2976	99	8	vie	vie	PROPN
cblr-2976	99	9	w	w	PROPN
cblr-2976	100	1	[	[	X
cblr-2976	100	2	vol	vol	NOUN
cblr-2976	100	3	.	.	NOUN
cblr-2976	100	4	2007	2007	NUM
cblr-2976	101	1	no	no	NOUN
cblr-2976	101	2	.	.	PUNCT
cblr-2976	102	1	2:411	2:411	NUM
cblr-2976	102	2	]	]	PUNCT
cblr-2976	102	3	coordinated	coordinate	VERB
cblr-2976	102	4	effects	effect	NOUN
cblr-2976	102	5	in	in	ADP
cblr-2976	102	6	merger	merger	NOUN
cblr-2976	102	7	analysis	analysis	NOUN
cblr-2976	102	8	coordinated	coordinate	VERB
cblr-2976	102	9	effects	effect	NOUN
cblr-2976	102	10	,	,	PUNCT
cblr-2976	102	11	and	and	CCONJ
cblr-2976	102	12	then	then	ADV
cblr-2976	102	13	we	we	PRON
cblr-2976	102	14	can	can	AUX
cblr-2976	102	15	examine	examine	VERB
cblr-2976	102	16	how	how	SCONJ
cblr-2976	102	17	a	a	DET
cblr-2976	102	18	merger	merger	NOUN
cblr-2976	102	19	acts	act	VERB
cblr-2976	102	20	on	on	ADP
cblr-2976	102	21	these	these	DET
cblr-2976	102	22	incentives	incentive	NOUN
cblr-2976	102	23	.	.	PUNCT
cblr-2976	103	1	the	the	DET
cblr-2976	103	2	simplest	simple	ADJ
cblr-2976	103	3	setting	setting	NOUN
cblr-2976	103	4	in	in	ADP
cblr-2976	103	5	which	which	PRON
cblr-2976	103	6	such	such	ADJ
cblr-2976	103	7	analysis	analysis	NOUN
cblr-2976	103	8	can	can	AUX
cblr-2976	103	9	be	be	AUX
cblr-2976	103	10	conducted	conduct	VERB
cblr-2976	103	11	is	be	AUX
cblr-2976	103	12	that	that	PRON
cblr-2976	103	13	of	of	ADP
cblr-2976	103	14	a	a	DET
cblr-2976	103	15	market	market	NOUN
cblr-2976	103	16	in	in	ADP
cblr-2976	103	17	which	which	PRON
cblr-2976	103	18	firms	firm	NOUN
cblr-2976	103	19	repeatedly	repeatedly	ADV
cblr-2976	103	20	interact	interact	VERB
cblr-2976	103	21	with	with	ADP
cblr-2976	103	22	each	each	DET
cblr-2976	103	23	other	other	ADJ
cblr-2976	103	24	.	.	PUNCT
cblr-2976	104	1	in	in	ADP
cblr-2976	104	2	such	such	DET
cblr-2976	104	3	a	a	DET
cblr-2976	104	4	market	market	NOUN
cblr-2976	104	5	,	,	PUNCT
cblr-2976	104	6	which	which	PRON
cblr-2976	104	7	is	be	AUX
cblr-2976	104	8	a	a	DET
cblr-2976	104	9	reasonable	reasonable	ADJ
cblr-2976	104	10	characterization	characterization	NOUN
cblr-2976	104	11	of	of	ADP
cblr-2976	104	12	most	most	ADJ
cblr-2976	104	13	real	real	ADJ
cblr-2976	104	14	-	-	PUNCT
cblr-2976	104	15	life	life	NOUN
cblr-2976	104	16	markets	market	NOUN
cblr-2976	104	17	,	,	PUNCT
cblr-2976	104	18	firms	firm	NOUN
cblr-2976	104	19	can	can	AUX
cblr-2976	104	20	base	base	VERB
cblr-2976	104	21	their	their	PRON
cblr-2976	104	22	current	current	ADJ
cblr-2976	104	23	decisions	decision	NOUN
cblr-2976	104	24	on	on	ADP
cblr-2976	104	25	observed	observe	VERB
cblr-2976	104	26	past	past	ADJ
cblr-2976	104	27	behavior	behavior	NOUN
cblr-2976	104	28	of	of	ADP
cblr-2976	104	29	their	their	PRON
cblr-2976	104	30	rivals	rival	NOUN
cblr-2976	104	31	and	and	CCONJ
cblr-2976	104	32	can	can	AUX
cblr-2976	104	33	"	"	PUNCT
cblr-2976	104	34	signal	signal	VERB
cblr-2976	104	35	"	"	PUNCT
cblr-2976	104	36	how	how	SCONJ
cblr-2976	104	37	they	they	PRON
cblr-2976	104	38	will	will	AUX
cblr-2976	104	39	act	act	VERB
cblr-2976	104	40	in	in	ADP
cblr-2976	104	41	the	the	DET
cblr-2976	104	42	future	future	NOUN
cblr-2976	104	43	depending	depend	VERB
cblr-2976	104	44	on	on	ADP
cblr-2976	104	45	what	what	PRON
cblr-2976	104	46	rivals	rival	NOUN
cblr-2976	104	47	do	do	AUX
cblr-2976	104	48	.	.	PUNCT
cblr-2976	105	1	for	for	ADP
cblr-2976	105	2	example	example	NOUN
cblr-2976	105	3	,	,	PUNCT
cblr-2976	105	4	every	every	DET
cblr-2976	105	5	firm	firm	NOUN
cblr-2976	105	6	may	may	AUX
cblr-2976	105	7	come	come	VERB
cblr-2976	105	8	to	to	PART
cblr-2976	105	9	understand	understand	VERB
cblr-2976	105	10	that	that	SCONJ
cblr-2976	105	11	as	as	ADV
cblr-2976	105	12	long	long	ADV
cblr-2976	105	13	as	as	SCONJ
cblr-2976	105	14	it	it	PRON
cblr-2976	105	15	(	(	PUNCT
cblr-2976	105	16	and	and	CCONJ
cblr-2976	105	17	its	its	PRON
cblr-2976	105	18	rivals	rival	NOUN
cblr-2976	105	19	)	)	PUNCT
cblr-2976	105	20	price	price	NOUN
cblr-2976	105	21	above	above	ADP
cblr-2976	105	22	the	the	DET
cblr-2976	105	23	benchmark	benchmark	ADJ
cblr-2976	105	24	competitive	competitive	ADJ
cblr-2976	105	25	level	level	NOUN
cblr-2976	105	26	(	(	PUNCT
cblr-2976	105	27	say	say	INTJ
cblr-2976	105	28	above	above	ADP
cblr-2976	105	29	price	price	NOUN
cblr-2976	105	30	that	that	PRON
cblr-2976	105	31	is	be	AUX
cblr-2976	105	32	consistent	consistent	ADJ
cblr-2976	105	33	with	with	ADP
cblr-2976	105	34	bertrand	bertrand	PROPN
cblr-2976	105	35	competition	competition	NOUN
cblr-2976	105	36	described	describe	VERB
cblr-2976	105	37	above	above	ADP
cblr-2976	105	38	)	)	PUNCT
cblr-2976	105	39	price	price	NOUN
cblr-2976	105	40	will	will	AUX
cblr-2976	105	41	stay	stay	VERB
cblr-2976	105	42	at	at	ADP
cblr-2976	105	43	that	that	DET
cblr-2976	105	44	elevated	elevated	ADJ
cblr-2976	105	45	level	level	NOUN
cblr-2976	105	46	.	.	PUNCT
cblr-2976	106	1	on	on	ADP
cblr-2976	106	2	the	the	DET
cblr-2976	106	3	other	other	ADJ
cblr-2976	106	4	hand	hand	NOUN
cblr-2976	106	5	,	,	PUNCT
cblr-2976	106	6	if	if	SCONJ
cblr-2976	106	7	one	one	NUM
cblr-2976	106	8	firm	firm	NOUN
cblr-2976	106	9	"	"	PUNCT
cblr-2976	106	10	deviates	deviate	VERB
cblr-2976	106	11	"	"	PUNCT
cblr-2976	106	12	from	from	ADP
cblr-2976	106	13	this	this	DET
cblr-2976	106	14	understanding	understanding	NOUN
cblr-2976	106	15	,	,	PUNCT
cblr-2976	106	16	prices	price	NOUN
cblr-2976	106	17	will	will	AUX
cblr-2976	106	18	fall	fall	VERB
cblr-2976	106	19	to	to	ADP
cblr-2976	106	20	that	that	DET
cblr-2976	106	21	lower	low	ADJ
cblr-2976	106	22	level	level	NOUN
cblr-2976	106	23	and	and	CCONJ
cblr-2976	106	24	stay	stay	VERB
cblr-2976	106	25	there	there	ADV
cblr-2976	106	26	forever	forever	ADV
cblr-2976	106	27	.	.	PUNCT
cblr-2976	107	1	in	in	ADP
cblr-2976	107	2	such	such	DET
cblr-2976	107	3	a	a	DET
cblr-2976	107	4	market	market	NOUN
cblr-2976	107	5	,	,	PUNCT
cblr-2976	107	6	firms	firm	NOUN
cblr-2976	107	7	may	may	AUX
cblr-2976	107	8	-	-	PUNCT
cblr-2976	107	9	but	but	CCONJ
cblr-2976	107	10	only	only	ADV
cblr-2976	107	11	mayend	mayend	VERB
cblr-2976	107	12	up	up	ADP
cblr-2976	107	13	competing	compete	VERB
cblr-2976	107	14	less	less	ADV
cblr-2976	107	15	vigorously	vigorously	ADV
cblr-2976	107	16	than	than	SCONJ
cblr-2976	107	17	would	would	AUX
cblr-2976	107	18	be	be	AUX
cblr-2976	107	19	predicted	predict	VERB
cblr-2976	107	20	by	by	ADP
cblr-2976	107	21	the	the	DET
cblr-2976	107	22	static	static	ADJ
cblr-2976	107	23	models	model	NOUN
cblr-2976	107	24	of	of	ADP
cblr-2976	107	25	competition	competition	NOUN
cblr-2976	107	26	mentioned	mention	VERB
cblr-2976	107	27	earlier	early	ADV
cblr-2976	107	28	.	.	PUNCT
cblr-2976	108	1	for	for	SCONJ
cblr-2976	108	2	this	this	PRON
cblr-2976	108	3	to	to	PART
cblr-2976	108	4	happen	happen	VERB
cblr-2976	108	5	,	,	PUNCT
cblr-2976	108	6	market	market	NOUN
cblr-2976	108	7	participants	participant	NOUN
cblr-2976	108	8	must	must	AUX
cblr-2976	108	9	succeed	succeed	VERB
cblr-2976	108	10	in	in	ADP
cblr-2976	108	11	solving	solve	VERB
cblr-2976	108	12	two	two	NUM
cblr-2976	108	13	challenges	challenge	NOUN
cblr-2976	108	14	facing	face	VERB
cblr-2976	108	15	them	they	PRON
cblr-2976	108	16	:	:	PUNCT
cblr-2976	108	17	(	(	PUNCT
cblr-2976	108	18	1	1	X
cblr-2976	108	19	)	)	PUNCT
cblr-2976	108	20	the	the	DET
cblr-2976	108	21	(	(	PUNCT
cblr-2976	108	22	individual	individual	ADJ
cblr-2976	108	23	)	)	PUNCT
cblr-2976	108	24	incentive	incentive	NOUN
cblr-2976	108	25	problem	problem	NOUN
cblr-2976	108	26	and	and	CCONJ
cblr-2976	108	27	(	(	PUNCT
cblr-2976	108	28	2	2	X
cblr-2976	108	29	)	)	PUNCT
cblr-2976	108	30	the	the	DET
cblr-2976	108	31	coordination	coordination	NOUN
cblr-2976	108	32	problem	problem	NOUN
cblr-2976	108	33	.	.	PUNCT
cblr-2976	109	1	the	the	DET
cblr-2976	109	2	(	(	PUNCT
cblr-2976	109	3	individual	individual	ADJ
cblr-2976	109	4	)	)	PUNCT
cblr-2976	109	5	incentive	incentive	NOUN
cblr-2976	109	6	problem	problem	NOUN
cblr-2976	109	7	(	(	PUNCT
cblr-2976	109	8	also	also	ADV
cblr-2976	109	9	referred	refer	VERB
cblr-2976	109	10	to	to	ADP
cblr-2976	109	11	as	as	ADP
cblr-2976	109	12	the	the	DET
cblr-2976	109	13	individual	individual	ADJ
cblr-2976	109	14	incentive	incentive	NOUN
cblr-2976	109	15	compatibility	compatibility	NOUN
cblr-2976	109	16	constraint	constraint	NOUN
cblr-2976	109	17	)	)	PUNCT
cblr-2976	109	18	is	be	AUX
cblr-2976	109	19	the	the	DET
cblr-2976	109	20	sine	sine	NOUN
cblr-2976	109	21	qua	qua	NOUN
cblr-2976	109	22	non	non	X
cblr-2976	109	23	of	of	ADP
cblr-2976	109	24	successful	successful	ADJ
cblr-2976	109	25	collusion	collusion	NOUN
cblr-2976	109	26	.	.	PUNCT
cblr-2976	110	1	thus	thus	ADV
cblr-2976	110	2	,	,	PUNCT
cblr-2976	110	3	even	even	ADV
cblr-2976	110	4	if	if	SCONJ
cblr-2976	110	5	we	we	PRON
cblr-2976	110	6	assume	assume	VERB
cblr-2976	110	7	that	that	SCONJ
cblr-2976	110	8	firms	firm	NOUN
cblr-2976	110	9	somehow	somehow	ADV
cblr-2976	110	10	manage	manage	VERB
cblr-2976	110	11	to	to	PART
cblr-2976	110	12	agree	agree	VERB
cblr-2976	110	13	on	on	ADP
cblr-2976	110	14	what	what	PRON
cblr-2976	110	15	coordinated	coordinated	ADJ
cblr-2976	110	16	course	course	NOUN
cblr-2976	110	17	of	of	ADP
cblr-2976	110	18	conduct	conduct	NOUN
cblr-2976	110	19	might	might	AUX
cblr-2976	110	20	entail	entail	VERB
cblr-2976	110	21	(	(	PUNCT
cblr-2976	110	22	e.g.	e.g.	ADV
cblr-2976	110	23	,	,	PUNCT
cblr-2976	110	24	to	to	PART
cblr-2976	110	25	charge	charge	VERB
cblr-2976	110	26	a	a	DET
cblr-2976	110	27	price	price	NOUN
cblr-2976	110	28	close	close	ADV
cblr-2976	110	29	to	to	ADP
cblr-2976	110	30	the	the	DET
cblr-2976	110	31	"	"	PUNCT
cblr-2976	110	32	monopoly	monopoly	NOUN
cblr-2976	110	33	"	"	PUNCT
cblr-2976	110	34	level	level	NOUN
cblr-2976	110	35	or	or	CCONJ
cblr-2976	110	36	repress	repress	VERB
cblr-2976	110	37	capacity	capacity	NOUN
cblr-2976	110	38	investment	investment	NOUN
cblr-2976	110	39	)	)	PUNCT
cblr-2976	110	40	,	,	PUNCT
cblr-2976	110	41	it	it	PRON
cblr-2976	110	42	still	still	ADV
cblr-2976	110	43	does	do	AUX
cblr-2976	110	44	not	not	PART
cblr-2976	110	45	follow	follow	VERB
cblr-2976	110	46	that	that	SCONJ
cblr-2976	110	47	each	each	DET
cblr-2976	110	48	firm	firm	NOUN
cblr-2976	110	49	will	will	AUX
cblr-2976	110	50	be	be	AUX
cblr-2976	110	51	willing	willing	ADJ
cblr-2976	110	52	to	to	PART
cblr-2976	110	53	stick	stick	VERB
cblr-2976	110	54	to	to	ADP
cblr-2976	110	55	this	this	DET
cblr-2976	110	56	putative	putative	ADJ
cblr-2976	110	57	coordination	coordination	NOUN
cblr-2976	110	58	.	.	PUNCT
cblr-2976	111	1	each	each	PRON
cblr-2976	111	2	(	(	PUNCT
cblr-2976	111	3	or	or	CCONJ
cblr-2976	111	4	some	some	PRON
cblr-2976	111	5	)	)	PUNCT
cblr-2976	111	6	market	market	NOUN
cblr-2976	111	7	participant(s	participant(s	NOUN
cblr-2976	111	8	)	)	PUNCT
cblr-2976	111	9	may	may	AUX
cblr-2976	111	10	prefer	prefer	VERB
cblr-2976	111	11	to	to	PART
cblr-2976	111	12	cheat	cheat	VERB
cblr-2976	111	13	-	-	PUNCT
cblr-2976	111	14	that	that	ADV
cblr-2976	111	15	is	be	AUX
cblr-2976	111	16	,	,	PUNCT
cblr-2976	111	17	to	to	PART
cblr-2976	111	18	deviate	deviate	VERB
cblr-2976	111	19	from	from	ADP
cblr-2976	111	20	a	a	DET
cblr-2976	111	21	putative	putative	ADJ
cblr-2976	111	22	agreement	agreement	NOUN
cblr-2976	111	23	on	on	ADP
cblr-2976	111	24	non	non	ADJ
cblr-2976	111	25	-	-	ADJ
cblr-2976	111	26	competitive	competitive	ADJ
cblr-2976	111	27	prices	price	NOUN
cblr-2976	111	28	and	and	CCONJ
cblr-2976	111	29	gain	gain	VERB
cblr-2976	111	30	transitory	transitory	ADJ
cblr-2976	111	31	profits	profit	NOUN
cblr-2976	111	32	at	at	ADP
cblr-2976	111	33	the	the	DET
cblr-2976	111	34	expense	expense	NOUN
cblr-2976	111	35	of	of	ADP
cblr-2976	111	36	its	its	PRON
cblr-2976	111	37	rivals	rival	NOUN
cblr-2976	111	38	.	.	PUNCT
cblr-2976	112	1	it	it	PRON
cblr-2976	112	2	may	may	AUX
cblr-2976	112	3	not	not	PART
cblr-2976	112	4	be	be	AUX
cblr-2976	112	5	rational	rational	ADJ
cblr-2976	112	6	for	for	SCONJ
cblr-2976	112	7	a	a	DET
cblr-2976	112	8	participant	participant	NOUN
cblr-2976	112	9	to	to	PART
cblr-2976	112	10	go	go	VERB
cblr-2976	112	11	along	along	ADV
cblr-2976	112	12	with	with	ADP
cblr-2976	112	13	the	the	DET
cblr-2976	112	14	signaled	signal	VERB
cblr-2976	112	15	proposition	proposition	NOUN
cblr-2976	112	16	in	in	ADP
cblr-2976	112	17	the	the	DET
cblr-2976	112	18	marketplace	marketplace	NOUN
cblr-2976	112	19	to	to	PART
cblr-2976	112	20	elevate	elevate	VERB
cblr-2976	112	21	prices	price	NOUN
cblr-2976	112	22	or	or	CCONJ
cblr-2976	112	23	repress	repress	VERB
cblr-2976	112	24	output	output	NOUN
cblr-2976	112	25	.	.	PUNCT
cblr-2976	113	1	a	a	DET
cblr-2976	113	2	firm	firm	NOUN
cblr-2976	113	3	may	may	AUX
cblr-2976	113	4	want	want	VERB
cblr-2976	113	5	to	to	PART
cblr-2976	113	6	fake	fake	VERB
cblr-2976	113	7	agreement	agreement	NOUN
cblr-2976	113	8	and	and	CCONJ
cblr-2976	113	9	lure	lure	VERB
cblr-2976	113	10	rivals	rival	NOUN
cblr-2976	113	11	into	into	ADP
cblr-2976	113	12	supracompetitive	supracompetitive	ADJ
cblr-2976	113	13	price	price	NOUN
cblr-2976	113	14	only	only	ADV
cblr-2976	113	15	to	to	PART
cblr-2976	113	16	take	take	VERB
cblr-2976	113	17	advantage	advantage	NOUN
cblr-2976	113	18	of	of	ADP
cblr-2976	113	19	their	their	PRON
cblr-2976	113	20	wrong	wrong	ADJ
cblr-2976	113	21	move	move	NOUN
cblr-2976	113	22	.	.	PUNCT
cblr-2976	114	1	of	of	ADP
cblr-2976	114	2	course	course	ADV
cblr-2976	114	3	,	,	PUNCT
cblr-2976	114	4	if	if	SCONJ
cblr-2976	114	5	everyone	everyone	PRON
cblr-2976	114	6	understands	understand	VERB
cblr-2976	114	7	these	these	DET
cblr-2976	114	8	incentives	incentive	NOUN
cblr-2976	114	9	then	then	ADV
cblr-2976	114	10	coordination	coordination	NOUN
cblr-2976	114	11	will	will	AUX
cblr-2976	114	12	not	not	PART
cblr-2976	114	13	likely	likely	ADV
cblr-2976	114	14	get	get	VERB
cblr-2976	114	15	off	off	ADP
cblr-2976	114	16	the	the	DET
cblr-2976	114	17	ground	ground	NOUN
cblr-2976	114	18	in	in	ADP
cblr-2976	114	19	the	the	DET
cblr-2976	114	20	first	first	ADJ
cblr-2976	114	21	place	place	NOUN
cblr-2976	114	22	because	because	SCONJ
cblr-2976	114	23	no	no	DET
cblr-2976	114	24	firm	firm	NOUN
cblr-2976	114	25	would	would	AUX
cblr-2976	114	26	be	be	AUX
cblr-2976	114	27	willing	willing	ADJ
cblr-2976	114	28	to	to	PART
cblr-2976	114	29	risk	risk	VERB
cblr-2976	114	30	being	be	AUX
cblr-2976	114	31	left	leave	VERB
cblr-2976	114	32	in	in	ADP
cblr-2976	114	33	the	the	DET
cblr-2976	114	34	competitive	competitive	ADJ
cblr-2976	114	35	dust	dust	NOUN
cblr-2976	114	36	by	by	ADP
cblr-2976	114	37	untrustworthy	untrustworthy	ADJ
cblr-2976	114	38	rivals	rival	NOUN
cblr-2976	114	39	.	.	PUNCT
cblr-2976	115	1	figure	figure	NOUN
cblr-2976	115	2	2	2	NUM
cblr-2976	115	3	provides	provide	VERB
cblr-2976	115	4	the	the	DET
cblr-2976	115	5	standard	standard	ADJ
cblr-2976	115	6	illustration	illustration	NOUN
cblr-2976	115	7	of	of	ADP
cblr-2976	115	8	the	the	DET
cblr-2976	115	9	(	(	PUNCT
cblr-2976	115	10	individual	individual	ADJ
cblr-2976	115	11	)	)	PUNCT
cblr-2976	115	12	incentive	incentive	NOUN
cblr-2976	115	13	problem	problem	NOUN
cblr-2976	115	14	.	.	PUNCT
cblr-2976	116	1	figure	figure	NOUN
cblr-2976	116	2	2	2	NUM
cblr-2976	116	3	:	:	PUNCT
cblr-2976	116	4	profit	profit	NOUN
cblr-2976	116	5	levels	level	NOUN
cblr-2976	116	6	under	under	ADP
cblr-2976	116	7	different	different	ADJ
cblr-2976	116	8	competitive	competitive	ADJ
cblr-2976	116	9	assumptions	assumption	NOUN
cblr-2976	116	10	profit	profit	NOUN
cblr-2976	116	11	per	per	ADP
cblr-2976	116	12	year	year	NOUN
cblr-2976	116	13	1	1	NUM
cblr-2976	116	14	2	2	NUM
cblr-2976	116	15	3	3	NUM
cblr-2976	116	16	45	45	NUM
cblr-2976	116	17	time	time	NOUN
cblr-2976	116	18	fd	fd	PROPN
cblr-2976	116	19	firm	firm	NOUN
cblr-2976	116	20	's	's	PART
cblr-2976	116	21	share	share	NOUN
cblr-2976	116	22	of	of	ADP
cblr-2976	116	23	collective	collective	ADJ
cblr-2976	116	24	monopoly	monopoly	NOUN
cblr-2976	116	25	profit	profit	NOUN
cblr-2976	116	26	e	e	NOUN
cblr-2976	116	27	firm	firm	NOUN
cblr-2976	116	28	's	's	PART
cblr-2976	116	29	profit	profit	NOUN
cblr-2976	116	30	when	when	SCONJ
cblr-2976	116	31	it	it	PRON
cblr-2976	116	32	cheats	cheat	VERB
cblr-2976	116	33	(	(	PUNCT
cblr-2976	116	34	deviation	deviation	NOUN
cblr-2976	116	35	profit	profit	NOUN
cblr-2976	116	36	)	)	PUNCT
cblr-2976	116	37	m	m	PROPN
cblr-2976	116	38	firm	firm	NOUN
cblr-2976	116	39	's	's	PART
cblr-2976	116	40	profit	profit	NOUN
cblr-2976	116	41	when	when	SCONJ
cblr-2976	116	42	cooperation	cooperation	NOUN
cblr-2976	116	43	collapses	collapse	VERB
cblr-2976	116	44	(	(	PUNCT
cblr-2976	116	45	punishment	punishment	NOUN
cblr-2976	116	46	profit	profit	NOUN
cblr-2976	116	47	)	)	PUNCT
cblr-2976	116	48	the	the	DET
cblr-2976	116	49	light	light	ADJ
cblr-2976	116	50	grey	grey	NOUN
cblr-2976	116	51	bar	bar	NOUN
cblr-2976	116	52	represents	represent	VERB
cblr-2976	116	53	the	the	DET
cblr-2976	116	54	amount	amount	NOUN
cblr-2976	116	55	of	of	ADP
cblr-2976	116	56	profit	profit	NOUN
cblr-2976	116	57	per	per	ADP
cblr-2976	116	58	period	period	NOUN
cblr-2976	116	59	that	that	PRON
cblr-2976	116	60	a	a	DET
cblr-2976	116	61	representative	representative	ADJ
cblr-2976	116	62	firm	firm	NOUN
cblr-2976	116	63	in	in	ADP
cblr-2976	116	64	the	the	DET
cblr-2976	116	65	relevant	relevant	ADJ
cblr-2976	116	66	market	market	NOUN
cblr-2976	116	67	will	will	AUX
cblr-2976	116	68	earn	earn	VERB
cblr-2976	116	69	if	if	SCONJ
cblr-2976	116	70	all	all	DET
cblr-2976	116	71	firms	firm	NOUN
cblr-2976	116	72	tacitly	tacitly	ADV
cblr-2976	116	73	cooperate	cooperate	VERB
cblr-2976	116	74	by	by	ADP
cblr-2976	116	75	,	,	PUNCT
cblr-2976	116	76	for	for	ADP
cblr-2976	116	77	example	example	NOUN
cblr-2976	116	78	,	,	PUNCT
cblr-2976	116	79	charging	charge	VERB
cblr-2976	116	80	a	a	DET
cblr-2976	116	81	price	price	NOUN
cblr-2976	116	82	above	above	ADP
cblr-2976	116	83	the	the	DET
cblr-2976	116	84	competitive	competitive	ADJ
cblr-2976	116	85	level	level	NOUN
cblr-2976	116	86	or	or	CCONJ
cblr-2976	116	87	restricting	restrict	VERB
cblr-2976	116	88	the	the	DET
cblr-2976	116	89	level	level	NOUN
cblr-2976	116	90	of	of	ADP
cblr-2976	116	91	output	output	NOUN
cblr-2976	116	92	below	below	ADP
cblr-2976	116	93	the	the	DET
cblr-2976	116	94	competitive	competitive	ADJ
cblr-2976	116	95	level	level	NOUN
cblr-2976	116	96	.	.	PUNCT
cblr-2976	117	1	the	the	DET
cblr-2976	117	2	decision	decision	NOUN
cblr-2976	117	3	faced	face	VERB
cblr-2976	117	4	by	by	ADP
cblr-2976	117	5	any	any	DET
cblr-2976	117	6	individual	individual	ADJ
cblr-2976	117	7	firm	firm	NOUN
cblr-2976	117	8	then	then	ADV
cblr-2976	117	9	is	be	AUX
cblr-2976	117	10	whether	whether	SCONJ
cblr-2976	117	11	to	to	PART
cblr-2976	117	12	deviate	deviate	VERB
cblr-2976	117	13	from	from	ADP
cblr-2976	117	14	the	the	DET
cblr-2976	117	15	tacit	tacit	ADJ
cblr-2976	117	16	cooperation	cooperation	NOUN
cblr-2976	117	17	that	that	PRON
cblr-2976	117	18	generates	generate	VERB
cblr-2976	117	19	this	this	DET
cblr-2976	117	20	level	level	NOUN
cblr-2976	117	21	of	of	ADP
cblr-2976	117	22	profit	profit	NOUN
cblr-2976	117	23	.	.	PUNCT
cblr-2976	118	1	if	if	SCONJ
cblr-2976	118	2	the	the	DET
cblr-2976	118	3	firm	firm	NOUN
cblr-2976	118	4	deviates	deviate	VERB
cblr-2976	118	5	,	,	PUNCT
cblr-2976	118	6	it	it	PRON
cblr-2976	118	7	can	can	AUX
cblr-2976	118	8	reap	reap	VERB
cblr-2976	118	9	a	a	DET
cblr-2976	118	10	significant	significant	ADJ
cblr-2976	118	11	gain	gain	NOUN
cblr-2976	118	12	.	.	PUNCT
cblr-2976	119	1	this	this	DET
cblr-2976	119	2	"	"	PUNCT
cblr-2976	119	3	deviation	deviation	NOUN
cblr-2976	119	4	"	"	PUNCT
cblr-2976	119	5	profit	profit	NOUN
cblr-2976	119	6	is	be	AUX
cblr-2976	119	7	represented	represent	VERB
cblr-2976	119	8	by	by	ADP
cblr-2976	119	9	the	the	DET
cblr-2976	119	10	dark	dark	ADJ
cblr-2976	119	11	grey	grey	PROPN
cblr-2976	119	12	bar	bar	NOUN
cblr-2976	119	13	.	.	PUNCT
cblr-2976	120	1	however	however	ADV
cblr-2976	120	2	,	,	PUNCT
cblr-2976	120	3	because	because	SCONJ
cblr-2976	120	4	the	the	DET
cblr-2976	120	5	cheating	cheating	NOUN
cblr-2976	120	6	will	will	AUX
cblr-2976	120	7	eventually	eventually	ADV
cblr-2976	120	8	be	be	AUX
cblr-2976	120	9	discovered	discover	VERB
cblr-2976	120	10	,	,	PUNCT
cblr-2976	120	11	the	the	DET
cblr-2976	120	12	gain	gain	NOUN
cblr-2976	120	13	is	be	AUX
cblr-2976	120	14	temporary	temporary	ADJ
cblr-2976	120	15	and	and	CCONJ
cblr-2976	120	16	will	will	AUX
cblr-2976	120	17	be	be	AUX
cblr-2976	120	18	followed	follow	VERB
cblr-2976	120	19	by	by	ADP
cblr-2976	120	20	a	a	DET
cblr-2976	120	21	period	period	NOUN
cblr-2976	120	22	of	of	ADP
cblr-2976	120	23	intense	intense	ADJ
cblr-2976	120	24	competition	competition	NOUN
cblr-2976	120	25	,	,	PUNCT
cblr-2976	120	26	which	which	PRON
cblr-2976	120	27	is	be	AUX
cblr-2976	120	28	referred	refer	VERB
cblr-2976	120	29	to	to	ADP
cblr-2976	120	30	as	as	ADP
cblr-2976	120	31	the	the	DET
cblr-2976	120	32	"	"	PUNCT
cblr-2976	120	33	punishment	punishment	NOUN
cblr-2976	120	34	period	period	NOUN
cblr-2976	120	35	.	.	PUNCT
cblr-2976	120	36	"	"	PUNCT
cblr-2976	121	1	this	this	DET
cblr-2976	121	2	level	level	NOUN
cblr-2976	121	3	of	of	ADP
cblr-2976	121	4	punishment	punishment	NOUN
cblr-2976	121	5	profits	profit	NOUN
cblr-2976	121	6	is	be	AUX
cblr-2976	121	7	depicted	depict	VERB
cblr-2976	121	8	as	as	ADP
cblr-2976	121	9	a	a	DET
cblr-2976	121	10	white	white	ADJ
cblr-2976	121	11	bar	bar	NOUN
cblr-2976	121	12	,	,	PUNCT
cblr-2976	121	13	which	which	PRON
cblr-2976	121	14	is	be	AUX
cblr-2976	121	15	much	much	ADV
cblr-2976	121	16	lower	low	ADJ
cblr-2976	121	17	than	than	ADP
cblr-2976	121	18	the	the	DET
cblr-2976	121	19	light	light	ADJ
cblr-2976	121	20	grey	grey	NOUN
cblr-2976	121	21	bar	bar	NOUN
cblr-2976	121	22	that	that	PRON
cblr-2976	121	23	indicates	indicate	VERB
cblr-2976	121	24	the	the	DET
cblr-2976	121	25	firm	firm	NOUN
cblr-2976	121	26	's	's	PART
cblr-2976	121	27	share	share	NOUN
cblr-2976	121	28	of	of	ADP
cblr-2976	121	29	collusive	collusive	ADJ
cblr-2976	121	30	profits	profit	NOUN
cblr-2976	121	31	.	.	PUNCT
cblr-2976	122	1	while	while	SCONJ
cblr-2976	122	2	it	it	PRON
cblr-2976	122	3	is	be	AUX
cblr-2976	122	4	not	not	PART
cblr-2976	122	5	always	always	ADV
cblr-2976	122	6	clear	clear	ADJ
cblr-2976	122	7	what	what	PRON
cblr-2976	122	8	this	this	DET
cblr-2976	122	9	punishment	punishment	NOUN
cblr-2976	122	10	entails	entail	VERB
cblr-2976	122	11	,	,	PUNCT
cblr-2976	122	12	it	it	PRON
cblr-2976	122	13	will	will	AUX
cblr-2976	122	14	likely	likely	ADV
cblr-2976	122	15	involve	involve	VERB
cblr-2976	122	16	a	a	DET
cblr-2976	122	17	reversion	reversion	NOUN
cblr-2976	122	18	of	of	ADP
cblr-2976	122	19	prices	price	NOUN
cblr-2976	122	20	and	and	CCONJ
cblr-2976	122	21	output	output	NOUN
cblr-2976	122	22	to	to	ADP
cblr-2976	122	23	a	a	DET
cblr-2976	122	24	competitive	competitive	ADJ
cblr-2976	122	25	level	level	NOUN
cblr-2976	122	26	,	,	PUNCT
cblr-2976	122	27	followed	follow	VERB
cblr-2976	122	28	col	col	PROPN
cblr-2976	122	29	umbia	umbia	PROPN
cblr-2976	122	30	b	b	PROPN
cblr-2976	122	31	usiness	usiness	PROPN
cblr-2976	122	32	la	la	PROPN
cblr-2976	122	33	w	w	PROPN
cblr-2976	122	34	re	re	PROPN
cblr-2976	122	35	vie	vie	PROPN
cblr-2976	122	36	w	w	PROPN
cblr-2976	123	1	[	[	X
cblr-2976	123	2	vol	vol	NOUN
cblr-2976	123	3	.	.	NOUN
cblr-2976	123	4	2007	2007	NUM
cblr-2976	124	1	no	no	NOUN
cblr-2976	124	2	.	.	PUNCT
cblr-2976	125	1	2:411	2:411	NUM
cblr-2976	125	2	]	]	PUNCT
cblr-2976	125	3	coordinated	coordinate	VERB
cblr-2976	125	4	effects	effect	NOUN
cblr-2976	125	5	in	in	ADP
cblr-2976	125	6	merger	merger	NOUN
cblr-2976	125	7	analysis	analysis	NOUN
cblr-2976	125	8	421	421	NUM
cblr-2976	125	9	perhaps	perhaps	ADV
cblr-2976	125	10	by	by	ADP
cblr-2976	125	11	a	a	DET
cblr-2976	125	12	return	return	NOUN
cblr-2976	125	13	,	,	PUNCT
cblr-2976	125	14	at	at	ADP
cblr-2976	125	15	some	some	DET
cblr-2976	125	16	point	point	NOUN
cblr-2976	125	17	,	,	PUNCT
cblr-2976	125	18	to	to	ADP
cblr-2976	125	19	a	a	DET
cblr-2976	125	20	more	more	ADV
cblr-2976	125	21	cooperative	cooperative	ADJ
cblr-2976	125	22	mode.14	mode.14	NOUN
cblr-2976	125	23	as	as	SCONJ
cblr-2976	125	24	the	the	DET
cblr-2976	125	25	white	white	PROPN
cblr-2976	125	26	bar	bar	NOUN
cblr-2976	125	27	in	in	ADP
cblr-2976	125	28	this	this	DET
cblr-2976	125	29	figure	figure	NOUN
cblr-2976	125	30	reveals	reveal	VERB
cblr-2976	125	31	,	,	PUNCT
cblr-2976	125	32	the	the	DET
cblr-2976	125	33	reason	reason	NOUN
cblr-2976	125	34	firms	firm	NOUN
cblr-2976	125	35	in	in	ADP
cblr-2976	125	36	the	the	DET
cblr-2976	125	37	models	model	NOUN
cblr-2976	125	38	of	of	ADP
cblr-2976	125	39	tacit	tacit	ADJ
cblr-2976	125	40	coordination	coordination	NOUN
cblr-2976	125	41	do	do	AUX
cblr-2976	125	42	not	not	PART
cblr-2976	125	43	cheat	cheat	VERB
cblr-2976	125	44	is	be	AUX
cblr-2976	125	45	fear	fear	NOUN
cblr-2976	125	46	of	of	ADP
cblr-2976	125	47	punishment	punishment	NOUN
cblr-2976	125	48	.	.	PUNCT
cblr-2976	126	1	the	the	DET
cblr-2976	126	2	fear	fear	NOUN
cblr-2976	126	3	of	of	ADP
cblr-2976	126	4	punishment	punishment	NOUN
cblr-2976	126	5	must	must	AUX
cblr-2976	126	6	be	be	AUX
cblr-2976	126	7	strong	strong	ADJ
cblr-2976	126	8	enough	enough	ADV
cblr-2976	126	9	to	to	PART
cblr-2976	126	10	dissuade	dissuade	VERB
cblr-2976	126	11	cheating	cheating	NOUN
cblr-2976	126	12	because	because	SCONJ
cblr-2976	126	13	otherwise	otherwise	ADV
cblr-2976	126	14	tacit	tacit	ADJ
cblr-2976	126	15	coordination	coordination	NOUN
cblr-2976	126	16	will	will	AUX
cblr-2976	126	17	not	not	PART
cblr-2976	126	18	get	get	VERB
cblr-2976	126	19	off	off	ADP
cblr-2976	126	20	the	the	DET
cblr-2976	126	21	ground	ground	NOUN
cblr-2976	126	22	,	,	PUNCT
cblr-2976	126	23	as	as	SCONJ
cblr-2976	126	24	all	all	DET
cblr-2976	126	25	the	the	DET
cblr-2976	126	26	possible	possible	ADJ
cblr-2976	126	27	participants	participant	NOUN
cblr-2976	126	28	will	will	AUX
cblr-2976	126	29	anticipate	anticipate	VERB
cblr-2976	126	30	such	such	ADJ
cblr-2976	126	31	deviations	deviation	NOUN
cblr-2976	126	32	.	.	PUNCT
cblr-2976	127	1	it	it	PRON
cblr-2976	127	2	follows	follow	VERB
cblr-2976	127	3	from	from	ADP
cblr-2976	127	4	the	the	DET
cblr-2976	127	5	diagram	diagram	NOUN
cblr-2976	127	6	that	that	PRON
cblr-2976	127	7	the	the	PRON
cblr-2976	127	8	longer	long	ADV
cblr-2976	127	9	it	it	PRON
cblr-2976	127	10	takes	take	VERB
cblr-2976	127	11	for	for	SCONJ
cblr-2976	127	12	the	the	DET
cblr-2976	127	13	industry	industry	NOUN
cblr-2976	127	14	participant	participant	NOUN
cblr-2976	127	15	to	to	PART
cblr-2976	127	16	detect	detect	VERB
cblr-2976	127	17	cheating	cheat	VERB
cblr-2976	127	18	(	(	PUNCT
cblr-2976	127	19	so	so	ADV
cblr-2976	127	20	the	the	PRON
cblr-2976	127	21	more	more	ADJ
cblr-2976	127	22	there	there	PRON
cblr-2976	127	23	are	be	VERB
cblr-2976	127	24	dark	dark	ADJ
cblr-2976	127	25	grey	grey	ADJ
cblr-2976	127	26	bars	bar	NOUN
cblr-2976	127	27	)	)	PUNCT
cblr-2976	127	28	and	and	CCONJ
cblr-2976	127	29	the	the	DET
cblr-2976	127	30	more	more	ADV
cblr-2976	127	31	focused	focused	ADJ
cblr-2976	127	32	firms	firm	NOUN
cblr-2976	127	33	are	be	AUX
cblr-2976	127	34	on	on	ADP
cblr-2976	127	35	current	current	ADJ
cblr-2976	127	36	profit	profit	NOUN
cblr-2976	127	37	flows	flow	NOUN
cblr-2976	127	38	,	,	PUNCT
cblr-2976	127	39	the	the	DET
cblr-2976	127	40	more	more	ADV
cblr-2976	127	41	likely	likely	ADJ
cblr-2976	127	42	cheating	cheating	NOUN
cblr-2976	127	43	will	will	AUX
cblr-2976	127	44	be	be	AUX
cblr-2976	127	45	attractive	attractive	ADJ
cblr-2976	127	46	to	to	ADP
cblr-2976	127	47	a	a	DET
cblr-2976	127	48	given	give	VERB
cblr-2976	127	49	firm	firm	NOUN
cblr-2976	127	50	,	,	PUNCT
cblr-2976	127	51	if	if	SCONJ
cblr-2976	127	52	(	(	PUNCT
cblr-2976	127	53	hypothetically	hypothetically	ADV
cblr-2976	127	54	)	)	PUNCT
cblr-2976	127	55	,	,	PUNCT
cblr-2976	127	56	industry	industry	NOUN
cblr-2976	127	57	participants	participant	NOUN
cblr-2976	127	58	have	have	AUX
cblr-2976	127	59	implemented	implement	VERB
cblr-2976	127	60	the	the	DET
cblr-2976	127	61	non	non	ADJ
cblr-2976	127	62	-	-	ADJ
cblr-2976	127	63	competitive	competitive	ADJ
cblr-2976	127	64	pricing	pricing	NOUN
cblr-2976	127	65	or	or	CCONJ
cblr-2976	127	66	output	output	NOUN
cblr-2976	127	67	.	.	PUNCT
cblr-2976	128	1	5	5	NUM
cblr-2976	128	2	this	this	DET
cblr-2976	128	3	discussion	discussion	NOUN
cblr-2976	128	4	makes	make	VERB
cblr-2976	128	5	it	it	PRON
cblr-2976	128	6	clear	clear	ADJ
cblr-2976	128	7	that	that	SCONJ
cblr-2976	128	8	tacit	tacit	ADJ
cblr-2976	128	9	collusion	collusion	NOUN
cblr-2976	128	10	can	can	AUX
cblr-2976	128	11	only	only	ADV
cblr-2976	128	12	work	work	VERB
cblr-2976	128	13	if	if	SCONJ
cblr-2976	128	14	sufficient	sufficient	ADJ
cblr-2976	128	15	number	number	NOUN
cblr-2976	128	16	of	of	ADP
cblr-2976	128	17	firms	firm	NOUN
cblr-2976	128	18	agrees	agree	VERB
cblr-2976	128	19	to	to	ADP
cblr-2976	128	20	the	the	DET
cblr-2976	128	21	common	common	ADJ
cblr-2976	128	22	course	course	NOUN
cblr-2976	128	23	of	of	ADP
cblr-2976	128	24	conduct	conduct	NOUN
cblr-2976	128	25	,	,	PUNCT
cblr-2976	128	26	and	and	CCONJ
cblr-2976	128	27	no	no	DET
cblr-2976	128	28	firm	firm	NOUN
cblr-2976	128	29	has	have	VERB
cblr-2976	128	30	an	an	DET
cblr-2976	128	31	incentive	incentive	NOUN
cblr-2976	128	32	to	to	PART
cblr-2976	128	33	deviate	deviate	VERB
cblr-2976	128	34	from	from	ADP
cblr-2976	128	35	that	that	DET
cblr-2976	128	36	agreement	agreement	NOUN
cblr-2976	128	37	.	.	PUNCT
cblr-2976	129	1	6	6	NUM
cblr-2976	129	2	assuming	assume	VERB
cblr-2976	129	3	that	that	SCONJ
cblr-2976	129	4	there	there	PRON
cblr-2976	129	5	exists	exist	VERB
cblr-2976	129	6	some	some	DET
cblr-2976	129	7	common	common	ADJ
cblr-2976	129	8	course	course	NOUN
cblr-2976	129	9	of	of	ADP
cblr-2976	129	10	action	action	NOUN
cblr-2976	129	11	that	that	PRON
cblr-2976	129	12	industry	industry	NOUN
cblr-2976	129	13	participants	participant	NOUN
cblr-2976	129	14	could	could	AUX
cblr-2976	129	15	in	in	ADP
cblr-2976	129	16	principle	principle	NOUN
cblr-2976	129	17	agree	agree	VERB
cblr-2976	129	18	upon	upon	SCONJ
cblr-2976	129	19	,	,	PUNCT
cblr-2976	129	20	there	there	PRON
cblr-2976	129	21	is	be	VERB
cblr-2976	129	22	still	still	ADV
cblr-2976	129	23	the	the	DET
cblr-2976	129	24	coordination	coordination	NOUN
cblr-2976	129	25	problem	problem	NOUN
cblr-2976	129	26	to	to	PART
cblr-2976	129	27	be	be	AUX
cblr-2976	129	28	solved	solve	VERB
cblr-2976	129	29	.	.	PUNCT
cblr-2976	130	1	the	the	DET
cblr-2976	130	2	coordination	coordination	NOUN
cblr-2976	130	3	problem	problem	NOUN
cblr-2976	130	4	arises	arise	VERB
cblr-2976	130	5	for	for	ADP
cblr-2976	130	6	several	several	ADJ
cblr-2976	130	7	reasons	reason	NOUN
cblr-2976	130	8	.	.	PUNCT
cblr-2976	131	1	first	first	ADV
cblr-2976	131	2	,	,	PUNCT
cblr-2976	131	3	there	there	PRON
cblr-2976	131	4	may	may	AUX
cblr-2976	131	5	be	be	AUX
cblr-2976	131	6	several	several	ADJ
cblr-2976	131	7	possible	possible	ADJ
cblr-2976	131	8	collusive	collusive	ADJ
cblr-2976	131	9	outcomes	outcome	NOUN
cblr-2976	131	10	that	that	PRON
cblr-2976	131	11	could	could	AUX
cblr-2976	131	12	,	,	PUNCT
cblr-2976	131	13	in	in	ADP
cblr-2976	131	14	principle	principle	NOUN
cblr-2976	131	15	,	,	PUNCT
cblr-2976	131	16	be	be	AUX
cblr-2976	131	17	"	"	PUNCT
cblr-2976	131	18	agreeable	agreeable	ADJ
cblr-2976	131	19	"	"	PUNCT
cblr-2976	131	20	to	to	ADP
cblr-2976	131	21	market	market	NOUN
cblr-2976	131	22	participants	participant	NOUN
cblr-2976	131	23	,	,	PUNCT
cblr-2976	131	24	but	but	CCONJ
cblr-2976	131	25	different	different	ADJ
cblr-2976	131	26	14	14	NUM
cblr-2976	131	27	now	now	ADV
cblr-2976	131	28	that	that	SCONJ
cblr-2976	131	29	we	we	PRON
cblr-2976	131	30	are	be	AUX
cblr-2976	131	31	familiar	familiar	ADJ
cblr-2976	131	32	with	with	ADP
cblr-2976	131	33	static	static	ADJ
cblr-2976	131	34	models	model	NOUN
cblr-2976	131	35	of	of	ADP
cblr-2976	131	36	competition	competition	NOUN
cblr-2976	131	37	,	,	PUNCT
cblr-2976	131	38	we	we	PRON
cblr-2976	131	39	may	may	AUX
cblr-2976	131	40	show	show	VERB
cblr-2976	131	41	off	off	ADP
cblr-2976	131	42	and	and	CCONJ
cblr-2976	131	43	say	say	VERB
cblr-2976	131	44	that	that	DET
cblr-2976	131	45	punishment	punishment	NOUN
cblr-2976	131	46	may	may	AUX
cblr-2976	131	47	entail	entail	VERB
cblr-2976	131	48	reversion	reversion	NOUN
cblr-2976	131	49	to	to	ADP
cblr-2976	131	50	a	a	DET
cblr-2976	131	51	static	static	ADJ
cblr-2976	131	52	bertrand	bertrand	NOUN
cblr-2976	131	53	or	or	CCONJ
cblr-2976	131	54	cournot	cournot	ADJ
cblr-2976	131	55	game	game	NOUN
cblr-2976	131	56	.	.	PUNCT
cblr-2976	132	1	15	15	NUM
cblr-2976	132	2	the	the	DET
cblr-2976	132	3	focus	focus	NOUN
cblr-2976	132	4	on	on	ADP
cblr-2976	132	5	the	the	DET
cblr-2976	132	6	present	present	NOUN
cblr-2976	132	7	versus	versus	SCONJ
cblr-2976	132	8	future	future	ADJ
cblr-2976	132	9	profits	profit	NOUN
cblr-2976	132	10	is	be	AUX
cblr-2976	132	11	captured	capture	VERB
cblr-2976	132	12	in	in	ADP
cblr-2976	132	13	the	the	DET
cblr-2976	132	14	firm	firm	NOUN
cblr-2976	132	15	's	's	PART
cblr-2976	132	16	discount	discount	NOUN
cblr-2976	132	17	rate	rate	NOUN
cblr-2976	132	18	.	.	PUNCT
cblr-2976	133	1	the	the	PRON
cblr-2976	133	2	higher	high	ADJ
cblr-2976	133	3	the	the	DET
cblr-2976	133	4	discount	discount	NOUN
cblr-2976	133	5	rate	rate	NOUN
cblr-2976	133	6	,	,	PUNCT
cblr-2976	133	7	the	the	DET
cblr-2976	133	8	more	more	ADV
cblr-2976	133	9	impatient	impatient	ADJ
cblr-2976	133	10	or	or	CCONJ
cblr-2976	133	11	present	present	ADV
cblr-2976	133	12	-	-	PUNCT
cblr-2976	133	13	oriented	orient	VERB
cblr-2976	133	14	the	the	DET
cblr-2976	133	15	firm	firm	NOUN
cblr-2976	133	16	,	,	PUNCT
cblr-2976	133	17	the	the	PRON
cblr-2976	133	18	more	more	ADV
cblr-2976	133	19	likely	likely	ADJ
cblr-2976	133	20	it	it	PRON
cblr-2976	133	21	is	be	AUX
cblr-2976	133	22	to	to	PART
cblr-2976	133	23	take	take	VERB
cblr-2976	133	24	advantage	advantage	NOUN
cblr-2976	133	25	of	of	ADP
cblr-2976	133	26	the	the	DET
cblr-2976	133	27	opportunity	opportunity	NOUN
cblr-2976	133	28	to	to	PART
cblr-2976	133	29	cheat	cheat	VERB
cblr-2976	133	30	and	and	CCONJ
cblr-2976	133	31	earn	earn	VERB
cblr-2976	133	32	high	high	ADJ
cblr-2976	133	33	current	current	ADJ
cblr-2976	133	34	profits	profit	NOUN
cblr-2976	133	35	.	.	PUNCT
cblr-2976	134	1	in	in	ADP
cblr-2976	134	2	the	the	DET
cblr-2976	134	3	lingo	lingo	NOUN
cblr-2976	134	4	of	of	ADP
cblr-2976	134	5	coordinated	coordinate	VERB
cblr-2976	134	6	effects	effect	NOUN
cblr-2976	134	7	,	,	PUNCT
cblr-2976	134	8	the	the	DET
cblr-2976	134	9	most	most	ADV
cblr-2976	134	10	impatient	impatient	ADJ
cblr-2976	134	11	firm	firm	NOUN
cblr-2976	134	12	(	(	PUNCT
cblr-2976	134	13	which	which	PRON
cblr-2976	134	14	is	be	AUX
cblr-2976	134	15	the	the	DET
cblr-2976	134	16	one	one	NOUN
cblr-2976	134	17	that	that	PRON
cblr-2976	134	18	constrains	constrain	VERB
cblr-2976	134	19	the	the	DET
cblr-2976	134	20	ability	ability	NOUN
cblr-2976	134	21	of	of	ADP
cblr-2976	134	22	industry	industry	NOUN
cblr-2976	134	23	participants	participant	NOUN
cblr-2976	134	24	to	to	PART
cblr-2976	134	25	maintain	maintain	VERB
cblr-2976	134	26	supracompetitive	supracompetitive	ADJ
cblr-2976	134	27	pricing	pricing	NOUN
cblr-2976	134	28	)	)	PUNCT
cblr-2976	134	29	is	be	AUX
cblr-2976	134	30	often	often	ADV
cblr-2976	134	31	termed	term	VERB
cblr-2976	134	32	a	a	DET
cblr-2976	134	33	"	"	PUNCT
cblr-2976	134	34	maverick	maverick	NOUN
cblr-2976	134	35	.	.	PUNCT
cblr-2976	134	36	"	"	PUNCT
cblr-2976	135	1	16	16	NUM
cblr-2976	135	2	the	the	DET
cblr-2976	135	3	predictions	prediction	NOUN
cblr-2976	135	4	of	of	ADP
cblr-2976	135	5	the	the	DET
cblr-2976	135	6	standard	standard	ADJ
cblr-2976	135	7	model	model	NOUN
cblr-2976	135	8	of	of	ADP
cblr-2976	135	9	tacit	tacit	ADJ
cblr-2976	135	10	collusion	collusion	NOUN
cblr-2976	135	11	regarding	regard	VERB
cblr-2976	135	12	ability	ability	NOUN
cblr-2976	135	13	to	to	PART
cblr-2976	135	14	sustain	sustain	VERB
cblr-2976	135	15	supra	supra	ADJ
cblr-2976	135	16	-	-	PUNCT
cblr-2976	135	17	competitive	competitive	ADJ
cblr-2976	135	18	pricing	pricing	NOUN
cblr-2976	135	19	are	be	AUX
cblr-2976	135	20	rather	rather	ADV
cblr-2976	135	21	unrealistic	unrealistic	ADJ
cblr-2976	135	22	.	.	PUNCT
cblr-2976	136	1	for	for	ADP
cblr-2976	136	2	example	example	NOUN
cblr-2976	136	3	,	,	PUNCT
cblr-2976	136	4	shapiro	shapiro	PROPN
cblr-2976	136	5	,	,	PUNCT
cblr-2976	136	6	op	op	NOUN
cblr-2976	136	7	.	.	PUNCT
cblr-2976	137	1	cit	cit	PROPN
cblr-2976	137	2	.	.	PROPN
cblr-2976	137	3	,	,	PUNCT
cblr-2976	137	4	notes	note	VERB
cblr-2976	137	5	that	that	SCONJ
cblr-2976	137	6	the	the	DET
cblr-2976	137	7	basic	basic	ADJ
cblr-2976	137	8	model	model	NOUN
cblr-2976	137	9	of	of	ADP
cblr-2976	137	10	tacit	tacit	ADJ
cblr-2976	137	11	collusion	collusion	NOUN
cblr-2976	137	12	suggest	suggest	VERB
cblr-2976	137	13	that	that	SCONJ
cblr-2976	137	14	a	a	DET
cblr-2976	137	15	market	market	NOUN
cblr-2976	137	16	comprising	comprise	VERB
cblr-2976	137	17	more	more	ADJ
cblr-2976	137	18	than	than	ADP
cblr-2976	137	19	100	100	NUM
cblr-2976	137	20	identical	identical	ADJ
cblr-2976	137	21	firms	firm	NOUN
cblr-2976	137	22	could	could	AUX
cblr-2976	137	23	,	,	PUNCT
cblr-2976	137	24	in	in	ADP
cblr-2976	137	25	principle	principle	NOUN
cblr-2976	137	26	,	,	PUNCT
cblr-2976	137	27	implement	implement	VERB
cblr-2976	137	28	and	and	CCONJ
cblr-2976	137	29	sustain	sustain	VERB
cblr-2976	137	30	monopoly	monopoly	NOUN
cblr-2976	137	31	price	price	NOUN
cblr-2976	137	32	,	,	PUNCT
cblr-2976	137	33	provided	provide	VERB
cblr-2976	137	34	that	that	SCONJ
cblr-2976	137	35	the	the	DET
cblr-2976	137	36	firms	firm	NOUN
cblr-2976	137	37	are	be	AUX
cblr-2976	137	38	reasonably	reasonably	ADV
cblr-2976	137	39	patient	patient	ADJ
cblr-2976	137	40	(	(	PUNCT
cblr-2976	137	41	i.e.	i.e.	X
cblr-2976	137	42	,	,	PUNCT
cblr-2976	137	43	do	do	AUX
cblr-2976	137	44	not	not	PART
cblr-2976	137	45	discount	discount	VERB
cblr-2976	137	46	the	the	DET
cblr-2976	137	47	future	future	ADJ
cblr-2976	137	48	income	income	NOUN
cblr-2976	137	49	too	too	ADV
cblr-2976	137	50	high	high	ADJ
cblr-2976	137	51	)	)	PUNCT
cblr-2976	137	52	.	.	PUNCT
cblr-2976	138	1	this	this	PRON
cblr-2976	138	2	is	be	AUX
cblr-2976	138	3	plainly	plainly	ADV
cblr-2976	138	4	unreasonable	unreasonable	ADJ
cblr-2976	138	5	but	but	CCONJ
cblr-2976	138	6	can	can	AUX
cblr-2976	138	7	not	not	PART
cblr-2976	138	8	be	be	AUX
cblr-2976	138	9	ruled	rule	VERB
cblr-2976	138	10	out	out	ADP
cblr-2976	138	11	.	.	PUNCT
cblr-2976	139	1	firms	firm	NOUN
cblr-2976	139	2	may	may	AUX
cblr-2976	139	3	prefer	prefer	VERB
cblr-2976	139	4	different	different	ADJ
cblr-2976	139	5	outcomes.17	outcomes.17	NOUN
cblr-2976	139	6	there	there	PRON
cblr-2976	139	7	may	may	AUX
cblr-2976	139	8	be	be	AUX
cblr-2976	139	9	several	several	ADJ
cblr-2976	139	10	plausible	plausible	ADJ
cblr-2976	139	11	focal	focal	ADJ
cblr-2976	139	12	points	point	NOUN
cblr-2976	139	13	on	on	ADP
cblr-2976	139	14	which	which	PRON
cblr-2976	139	15	to	to	PART
cblr-2976	139	16	coordinate	coordinate	VERB
cblr-2976	139	17	,	,	PUNCT
cblr-2976	139	18	but	but	CCONJ
cblr-2976	139	19	to	to	PART
cblr-2976	139	20	collude	collude	VERB
cblr-2976	139	21	successfully	successfully	ADV
cblr-2976	139	22	,	,	PUNCT
cblr-2976	139	23	market	market	NOUN
cblr-2976	139	24	participants	participant	NOUN
cblr-2976	139	25	must	must	AUX
cblr-2976	139	26	first	first	ADV
cblr-2976	139	27	discover	discover	VERB
cblr-2976	139	28	what	what	PRON
cblr-2976	139	29	these	these	DET
cblr-2976	139	30	possible	possible	ADJ
cblr-2976	139	31	outcomes	outcome	NOUN
cblr-2976	139	32	are	be	AUX
cblr-2976	139	33	and	and	CCONJ
cblr-2976	139	34	then	then	ADV
cblr-2976	139	35	select	select	VERB
cblr-2976	139	36	and	and	CCONJ
cblr-2976	139	37	implement	implement	VERB
cblr-2976	139	38	one	one	NUM
cblr-2976	139	39	of	of	ADP
cblr-2976	139	40	them	they	PRON
cblr-2976	139	41	.	.	PUNCT
cblr-2976	140	1	if	if	SCONJ
cblr-2976	140	2	firms	firm	NOUN
cblr-2976	140	3	disagree	disagree	VERB
cblr-2976	140	4	on	on	ADP
cblr-2976	140	5	which	which	DET
cblr-2976	140	6	outcome	outcome	NOUN
cblr-2976	140	7	is	be	AUX
cblr-2976	140	8	to	to	PART
cblr-2976	140	9	be	be	AUX
cblr-2976	140	10	implemented	implement	VERB
cblr-2976	140	11	,	,	PUNCT
cblr-2976	140	12	coordination	coordination	NOUN
cblr-2976	140	13	may	may	AUX
cblr-2976	140	14	fall	fall	VERB
cblr-2976	140	15	apart	apart	ADV
cblr-2976	140	16	or	or	CCONJ
cblr-2976	140	17	fail	fail	VERB
cblr-2976	140	18	to	to	PART
cblr-2976	140	19	take	take	VERB
cblr-2976	140	20	root	root	NOUN
cblr-2976	140	21	in	in	ADP
cblr-2976	140	22	the	the	DET
cblr-2976	140	23	first	first	ADJ
cblr-2976	140	24	place	place	NOUN
cblr-2976	140	25	.	.	PUNCT
cblr-2976	141	1	second	second	ADJ
cblr-2976	141	2	,	,	PUNCT
cblr-2976	141	3	firms	firm	NOUN
cblr-2976	141	4	must	must	AUX
cblr-2976	141	5	have	have	VERB
cblr-2976	141	6	some	some	DET
cblr-2976	141	7	mechanism	mechanism	NOUN
cblr-2976	141	8	for	for	ADP
cblr-2976	141	9	flexibly	flexibly	ADV
cblr-2976	141	10	responding	respond	VERB
cblr-2976	141	11	to	to	ADP
cblr-2976	141	12	changing	change	VERB
cblr-2976	141	13	market	market	NOUN
cblr-2976	141	14	conditions	condition	NOUN
cblr-2976	141	15	.	.	PUNCT
cblr-2976	142	1	this	this	PRON
cblr-2976	142	2	may	may	AUX
cblr-2976	142	3	be	be	AUX
cblr-2976	142	4	impossible	impossible	ADJ
cblr-2976	142	5	or	or	CCONJ
cblr-2976	142	6	difficult	difficult	ADJ
cblr-2976	142	7	in	in	ADP
cblr-2976	142	8	the	the	DET
cblr-2976	142	9	absence	absence	NOUN
cblr-2976	142	10	of	of	ADP
cblr-2976	142	11	explicit	explicit	ADJ
cblr-2976	142	12	communications	communication	NOUN
cblr-2976	142	13	since	since	SCONJ
cblr-2976	142	14	"	"	PUNCT
cblr-2976	142	15	market	market	NOUN
cblr-2976	142	16	signaling	signaling	NOUN
cblr-2976	142	17	"	"	PUNCT
cblr-2976	142	18	may	may	AUX
cblr-2976	142	19	simply	simply	ADV
cblr-2976	142	20	be	be	AUX
cblr-2976	142	21	too	too	ADV
cblr-2976	142	22	slow	slow	ADJ
cblr-2976	142	23	.	.	PUNCT
cblr-2976	142	24	"	"	PUNCT
cblr-2976	143	1	third	third	ADJ
cblr-2976	143	2	,	,	PUNCT
cblr-2976	143	3	firms	firm	NOUN
cblr-2976	143	4	may	may	AUX
cblr-2976	143	5	have	have	VERB
cblr-2976	143	6	to	to	PART
cblr-2976	143	7	coordinate	coordinate	VERB
cblr-2976	143	8	on	on	ADP
cblr-2976	143	9	"	"	PUNCT
cblr-2976	143	10	punishment	punishment	NOUN
cblr-2976	143	11	"	"	PUNCT
cblr-2976	143	12	strategies	strategy	NOUN
cblr-2976	143	13	in	in	ADP
cblr-2976	143	14	the	the	DET
cblr-2976	143	15	event	event	NOUN
cblr-2976	143	16	that	that	PRON
cblr-2976	143	17	such	such	ADJ
cblr-2976	143	18	will	will	AUX
cblr-2976	143	19	have	have	VERB
cblr-2976	143	20	to	to	PART
cblr-2976	143	21	be	be	AUX
cblr-2976	143	22	implemented	implement	VERB
cblr-2976	143	23	.	.	PUNCT
cblr-2976	144	1	while	while	SCONJ
cblr-2976	144	2	reversion	reversion	NOUN
cblr-2976	144	3	to	to	PART
cblr-2976	144	4	"	"	PUNCT
cblr-2976	144	5	competition	competition	NOUN
cblr-2976	144	6	"	"	PUNCT
cblr-2976	144	7	seems	seem	VERB
cblr-2976	144	8	like	like	ADP
cblr-2976	144	9	a	a	DET
cblr-2976	144	10	simple	simple	ADJ
cblr-2976	144	11	prescription	prescription	NOUN
cblr-2976	144	12	,	,	PUNCT
cblr-2976	144	13	it	it	PRON
cblr-2976	144	14	may	may	AUX
cblr-2976	144	15	mean	mean	VERB
cblr-2976	144	16	different	different	ADJ
cblr-2976	144	17	things	thing	NOUN
cblr-2976	144	18	to	to	ADP
cblr-2976	144	19	different	different	ADJ
cblr-2976	144	20	market	market	NOUN
cblr-2976	144	21	participants	participant	NOUN
cblr-2976	144	22	.	.	PUNCT
cblr-2976	145	1	fourth	fourth	ADJ
cblr-2976	145	2	,	,	PUNCT
cblr-2976	145	3	because	because	SCONJ
cblr-2976	145	4	punishment	punishment	NOUN
cblr-2976	145	5	is	be	AUX
cblr-2976	145	6	costly	costly	ADJ
cblr-2976	145	7	to	to	ADP
cblr-2976	145	8	all	all	DET
cblr-2976	145	9	market	market	NOUN
cblr-2976	145	10	participants	participant	NOUN
cblr-2976	145	11	,	,	PUNCT
cblr-2976	145	12	firms	firm	NOUN
cblr-2976	145	13	may	may	AUX
cblr-2976	145	14	want	want	VERB
cblr-2976	145	15	to	to	PART
cblr-2976	145	16	coordinate	coordinate	VERB
cblr-2976	145	17	on	on	ADP
cblr-2976	145	18	when	when	SCONJ
cblr-2976	145	19	to	to	PART
cblr-2976	145	20	trigger	trigger	VERB
cblr-2976	145	21	the	the	DET
cblr-2976	145	22	punishment	punishment	NOUN
cblr-2976	145	23	phase	phase	NOUN
cblr-2976	145	24	.	.	PUNCT
cblr-2976	146	1	jumping	jump	VERB
cblr-2976	146	2	the	the	DET
cblr-2976	146	3	punishment	punishment	NOUN
cblr-2976	146	4	gun	gun	NOUN
cblr-2976	146	5	may	may	AUX
cblr-2976	146	6	appear	appear	VERB
cblr-2976	146	7	to	to	ADP
cblr-2976	146	8	others	other	NOUN
cblr-2976	146	9	as	as	ADP
cblr-2976	146	10	cheating	cheat	VERB
cblr-2976	146	11	and	and	CCONJ
cblr-2976	146	12	lead	lead	VERB
cblr-2976	146	13	to	to	ADP
cblr-2976	146	14	further	far	ADV
cblr-2976	146	15	unraveling	unravel	VERB
cblr-2976	146	16	of	of	ADP
cblr-2976	146	17	tacit	tacit	ADJ
cblr-2976	146	18	collusion	collusion	NOUN
cblr-2976	146	19	,	,	PUNCT
cblr-2976	146	20	but	but	CCONJ
cblr-2976	146	21	too	too	ADV
cblr-2976	146	22	much	much	ADJ
cblr-2976	146	23	restraint	restraint	NOUN
cblr-2976	146	24	in	in	ADP
cblr-2976	146	25	punishing	punishing	NOUN
cblr-2976	146	26	can	can	AUX
cblr-2976	146	27	embolden	embolden	VERB
cblr-2976	146	28	cheating	cheating	NOUN
cblr-2976	146	29	and	and	CCONJ
cblr-2976	146	30	thus	thus	ADV
cblr-2976	146	31	reduce	reduce	VERB
cblr-2976	146	32	the	the	DET
cblr-2976	146	33	chances	chance	NOUN
cblr-2976	146	34	of	of	ADP
cblr-2976	146	35	successful	successful	ADJ
cblr-2976	146	36	collusion.19	collusion.19	NOUN
cblr-2976	146	37	c.	c.	PROPN
cblr-2976	146	38	the	the	DET
cblr-2976	146	39	number	number	NOUN
cblr-2976	146	40	of	of	ADP
cblr-2976	146	41	firms	firm	NOUN
cblr-2976	146	42	as	as	SCONJ
cblr-2976	146	43	is	be	AUX
cblr-2976	146	44	now	now	ADV
cblr-2976	146	45	well	well	ADV
cblr-2976	146	46	understood	understand	VERB
cblr-2976	146	47	,	,	PUNCT
cblr-2976	146	48	it	it	PRON
cblr-2976	146	49	is	be	AUX
cblr-2976	146	50	not	not	PART
cblr-2976	146	51	sufficient	sufficient	ADJ
cblr-2976	146	52	when	when	SCONJ
cblr-2976	146	53	gauging	gauge	VERB
cblr-2976	146	54	the	the	DET
cblr-2976	146	55	likelihood	likelihood	NOUN
cblr-2976	146	56	of	of	ADP
cblr-2976	146	57	coordinated	coordinate	VERB
cblr-2976	146	58	effects	effect	NOUN
cblr-2976	146	59	from	from	ADP
cblr-2976	146	60	merger	merger	NOUN
cblr-2976	146	61	to	to	PART
cblr-2976	146	62	simply	simply	ADV
cblr-2976	146	63	observe	observe	VERB
cblr-2976	146	64	that	that	SCONJ
cblr-2976	146	65	because	because	SCONJ
cblr-2976	146	66	the	the	DET
cblr-2976	146	67	merger	merger	NOUN
cblr-2976	146	68	reduces	reduce	VERB
cblr-2976	146	69	the	the	DET
cblr-2976	146	70	number	number	NOUN
cblr-2976	146	71	of	of	ADP
cblr-2976	146	72	firms	firm	NOUN
cblr-2976	146	73	,	,	PUNCT
cblr-2976	146	74	it	it	PRON
cblr-2976	146	75	automatically	automatically	ADV
cblr-2976	146	76	lessens	lessen	VERB
cblr-2976	146	77	the	the	DET
cblr-2976	146	78	coordination	coordination	NOUN
cblr-2976	146	79	problem	problem	NOUN
cblr-2976	146	80	and	and	CCONJ
cblr-2976	146	81	enhances	enhance	VERB
cblr-2976	146	82	firms	firm	NOUN
cblr-2976	146	83	'	'	PART
cblr-2976	146	84	incentives	incentive	NOUN
cblr-2976	146	85	to	to	PART
cblr-2976	146	86	engage	engage	VERB
cblr-2976	146	87	in	in	ADP
cblr-2976	146	88	tacit	tacit	ADJ
cblr-2976	146	89	collusion	collusion	NOUN
cblr-2976	146	90	;	;	PUNCT
cblr-2976	146	91	far	far	ADV
cblr-2976	146	92	from	from	ADP
cblr-2976	146	93	it	it	PRON
cblr-2976	146	94	.	.	PUNCT
cblr-2976	147	1	in	in	ADP
cblr-2976	147	2	fact	fact	NOUN
cblr-2976	147	3	,	,	PUNCT
cblr-2976	147	4	a	a	DET
cblr-2976	147	5	merger	merger	NOUN
cblr-2976	147	6	may	may	AUX
cblr-2976	147	7	turn	turn	VERB
cblr-2976	147	8	a	a	DET
cblr-2976	147	9	docile	docile	ADJ
cblr-2976	147	10	market	market	NOUN
cblr-2976	147	11	"	"	PUNCT
cblr-2976	147	12	for	for	ADP
cblr-2976	147	13	example	example	NOUN
cblr-2976	147	14	,	,	PUNCT
cblr-2976	147	15	firms	firm	NOUN
cblr-2976	147	16	a	a	PRON
cblr-2976	147	17	and	and	CCONJ
cblr-2976	147	18	b	b	NOUN
cblr-2976	147	19	may	may	AUX
cblr-2976	147	20	agree	agree	VERB
cblr-2976	147	21	that	that	SCONJ
cblr-2976	147	22	market	market	NOUN
cblr-2976	147	23	division	division	NOUN
cblr-2976	147	24	is	be	AUX
cblr-2976	147	25	preferable	preferable	ADJ
cblr-2976	147	26	to	to	ADP
cblr-2976	147	27	competition	competition	NOUN
cblr-2976	147	28	but	but	CCONJ
cblr-2976	147	29	they	they	PRON
cblr-2976	147	30	likely	likely	ADV
cblr-2976	147	31	will	will	AUX
cblr-2976	147	32	have	have	VERB
cblr-2976	147	33	diametrically	diametrically	ADV
cblr-2976	147	34	different	different	ADJ
cblr-2976	147	35	opinions	opinion	NOUN
cblr-2976	147	36	on	on	ADP
cblr-2976	147	37	how	how	SCONJ
cblr-2976	147	38	the	the	DET
cblr-2976	147	39	market	market	NOUN
cblr-2976	147	40	should	should	AUX
cblr-2976	147	41	be	be	AUX
cblr-2976	147	42	divided	divide	VERB
cblr-2976	147	43	.	.	PUNCT
cblr-2976	148	1	similarly	similarly	ADV
cblr-2976	148	2	,	,	PUNCT
cblr-2976	148	3	if	if	SCONJ
cblr-2976	148	4	firms	firm	NOUN
cblr-2976	148	5	a	a	PRON
cblr-2976	148	6	and	and	CCONJ
cblr-2976	148	7	b	b	NOUN
cblr-2976	148	8	have	have	VERB
cblr-2976	148	9	different	different	ADJ
cblr-2976	148	10	costs	cost	NOUN
cblr-2976	148	11	,	,	PUNCT
cblr-2976	148	12	both	both	PRON
cblr-2976	148	13	may	may	AUX
cblr-2976	148	14	agree	agree	VERB
cblr-2976	148	15	that	that	SCONJ
cblr-2976	148	16	$	$	SYM
cblr-2976	148	17	0.90	0.90	NUM
cblr-2976	148	18	per	per	ADP
cblr-2976	148	19	widget	widget	NOUN
cblr-2976	148	20	is	be	AUX
cblr-2976	148	21	better	well	ADJ
cblr-2976	148	22	than	than	ADP
cblr-2976	148	23	$	$	SYM
cblr-2976	148	24	0.50	0.50	NUM
cblr-2976	148	25	but	but	CCONJ
cblr-2976	148	26	may	may	AUX
cblr-2976	148	27	disagree	disagree	VERB
cblr-2976	148	28	about	about	ADP
cblr-2976	148	29	whether	whether	SCONJ
cblr-2976	148	30	$	$	SYM
cblr-2976	148	31	0.90	0.90	NUM
cblr-2976	148	32	is	be	AUX
cblr-2976	148	33	better	well	ADJ
cblr-2976	148	34	than	than	ADP
cblr-2976	148	35	$	$	SYM
cblr-2976	148	36	1.10	1.10	NUM
cblr-2976	148	37	.	.	PUNCT
cblr-2976	149	1	18	18	NUM
cblr-2976	149	2	in	in	ADP
cblr-2976	149	3	fact	fact	NOUN
cblr-2976	149	4	,	,	PUNCT
cblr-2976	149	5	when	when	SCONJ
cblr-2976	149	6	markets	market	NOUN
cblr-2976	149	7	are	be	AUX
cblr-2976	149	8	subject	subject	ADJ
cblr-2976	149	9	to	to	ADP
cblr-2976	149	10	frequent	frequent	ADJ
cblr-2976	149	11	shocks	shock	NOUN
cblr-2976	149	12	,	,	PUNCT
cblr-2976	149	13	tacit	tacit	ADJ
cblr-2976	149	14	collusion	collusion	NOUN
cblr-2976	149	15	may	may	AUX
cblr-2976	149	16	simply	simply	ADV
cblr-2976	149	17	be	be	AUX
cblr-2976	149	18	impossible	impossible	ADJ
cblr-2976	149	19	.	.	PUNCT
cblr-2976	150	1	19	19	NUM
cblr-2976	150	2	this	this	DET
cblr-2976	150	3	conflict	conflict	NOUN
cblr-2976	150	4	can	can	AUX
cblr-2976	150	5	be	be	AUX
cblr-2976	150	6	especially	especially	ADV
cblr-2976	150	7	pronounced	pronounce	VERB
cblr-2976	150	8	in	in	ADP
cblr-2976	150	9	those	those	DET
cblr-2976	150	10	realistic	realistic	ADJ
cblr-2976	150	11	market	market	NOUN
cblr-2976	150	12	situations	situation	NOUN
cblr-2976	150	13	in	in	ADP
cblr-2976	150	14	which	which	PRON
cblr-2976	150	15	firms	firm	NOUN
cblr-2976	150	16	can	can	AUX
cblr-2976	150	17	not	not	PART
cblr-2976	150	18	clearly	clearly	ADV
cblr-2976	150	19	determine	determine	VERB
cblr-2976	150	20	based	base	VERB
cblr-2976	150	21	on	on	ADP
cblr-2976	150	22	private	private	ADJ
cblr-2976	150	23	information	information	NOUN
cblr-2976	150	24	and	and	CCONJ
cblr-2976	150	25	public	public	ADJ
cblr-2976	150	26	signals	signal	NOUN
cblr-2976	150	27	whether	whether	SCONJ
cblr-2976	150	28	rivals	rival	NOUN
cblr-2976	150	29	are	be	AUX
cblr-2976	150	30	cheating	cheat	VERB
cblr-2976	150	31	or	or	CCONJ
cblr-2976	150	32	not	not	PART
cblr-2976	150	33	.	.	PUNCT
cblr-2976	151	1	[	[	X
cblr-2976	151	2	vol	vol	NOUN
cblr-2976	151	3	.	.	PUNCT
cblr-2976	151	4	2007col	2007col	NUM
cblr-2976	151	5	umbia	umbia	NOUN
cblr-2976	151	6	b	b	PROPN
cblr-2976	151	7	usiness	usiness	PROPN
cblr-2976	151	8	la	la	PROPN
cblr-2976	151	9	w	w	PROPN
cblr-2976	151	10	re	re	PROPN
cblr-2976	151	11	vie	vie	PROPN
cblr-2976	151	12	w	w	PROPN
cblr-2976	151	13	no	no	PROPN
cblr-2976	151	14	.	.	PUNCT
cblr-2976	152	1	2:411	2:411	NUM
cblr-2976	152	2	]	]	PUNCT
cblr-2976	152	3	coordinated	coordinate	VERB
cblr-2976	152	4	effects	effect	NOUN
cblr-2976	152	5	in	in	ADP
cblr-2976	152	6	merger	merger	NOUN
cblr-2976	152	7	anal	anal	ADJ
cblr-2976	152	8	ysis	ysis	PROPN
cblr-2976	152	9	participant	participant	NOUN
cblr-2976	152	10	into	into	ADP
cblr-2976	152	11	a	a	DET
cblr-2976	152	12	"	"	PUNCT
cblr-2976	152	13	maverick	maverick	NOUN
cblr-2976	152	14	"	"	PUNCT
cblr-2976	152	15	as	as	SCONJ
cblr-2976	152	16	it	it	PRON
cblr-2976	152	17	improves	improve	VERB
cblr-2976	152	18	it	it	PRON
cblr-2976	152	19	costs	cost	VERB
cblr-2976	152	20	position	position	NOUN
cblr-2976	152	21	or	or	CCONJ
cblr-2976	152	22	becomes	become	VERB
cblr-2976	152	23	more	more	ADV
cblr-2976	152	24	determined	determined	ADJ
cblr-2976	152	25	to	to	PART
cblr-2976	152	26	go	go	VERB
cblr-2976	152	27	after	after	ADP
cblr-2976	152	28	market	market	NOUN
cblr-2976	152	29	share	share	NOUN
cblr-2976	152	30	.	.	PUNCT
cblr-2976	153	1	a	a	DET
cblr-2976	153	2	merger	merger	NOUN
cblr-2976	153	3	may	may	AUX
cblr-2976	153	4	also	also	ADV
cblr-2976	153	5	change	change	VERB
cblr-2976	153	6	incentives	incentive	NOUN
cblr-2976	153	7	to	to	PART
cblr-2976	153	8	cheat	cheat	VERB
cblr-2976	153	9	because	because	SCONJ
cblr-2976	153	10	deviation	deviation	NOUN
cblr-2976	153	11	profits	profit	NOUN
cblr-2976	153	12	may	may	AUX
cblr-2976	153	13	be	be	AUX
cblr-2976	153	14	higher	high	ADJ
cblr-2976	153	15	than	than	ADP
cblr-2976	153	16	coordination	coordination	NOUN
cblr-2976	153	17	profits	profit	NOUN
cblr-2976	153	18	.	.	PUNCT
cblr-2976	154	1	in	in	ADP
cblr-2976	154	2	some	some	DET
cblr-2976	154	3	scenarios	scenario	NOUN
cblr-2976	154	4	,	,	PUNCT
cblr-2976	154	5	even	even	ADV
cblr-2976	154	6	profits	profit	NOUN
cblr-2976	154	7	in	in	ADP
cblr-2976	154	8	the	the	DET
cblr-2976	154	9	punishment	punishment	NOUN
cblr-2976	154	10	phase	phase	NOUN
cblr-2976	154	11	may	may	AUX
cblr-2976	154	12	be	be	AUX
cblr-2976	154	13	higher	high	ADJ
cblr-2976	154	14	than	than	ADP
cblr-2976	154	15	profits	profit	NOUN
cblr-2976	154	16	attainable	attainable	ADJ
cblr-2976	154	17	through	through	ADP
cblr-2976	154	18	coordination	coordination	NOUN
cblr-2976	154	19	.	.	PUNCT
cblr-2976	155	1	indeed	indeed	ADV
cblr-2976	155	2	,	,	PUNCT
cblr-2976	155	3	if	if	SCONJ
cblr-2976	155	4	we	we	PRON
cblr-2976	155	5	acknowledge	acknowledge	VERB
cblr-2976	155	6	that	that	SCONJ
cblr-2976	155	7	the	the	DET
cblr-2976	155	8	merger	merger	NOUN
cblr-2976	155	9	can	can	AUX
cblr-2976	155	10	generate	generate	VERB
cblr-2976	155	11	efficiency	efficiency	NOUN
cblr-2976	155	12	gains	gain	NOUN
cblr-2976	155	13	for	for	ADP
cblr-2976	155	14	the	the	DET
cblr-2976	155	15	parties	party	NOUN
cblr-2976	155	16	,	,	PUNCT
cblr-2976	155	17	then	then	ADV
cblr-2976	155	18	this	this	DET
cblr-2976	155	19	effect	effect	NOUN
cblr-2976	155	20	will	will	AUX
cblr-2976	155	21	have	have	VERB
cblr-2976	155	22	to	to	PART
cblr-2976	155	23	be	be	AUX
cblr-2976	155	24	factored	factor	VERB
cblr-2976	155	25	into	into	ADP
cblr-2976	155	26	the	the	DET
cblr-2976	155	27	analysis	analysis	NOUN
cblr-2976	155	28	of	of	ADP
cblr-2976	155	29	tacit	tacit	ADJ
cblr-2976	155	30	collusion	collusion	NOUN
cblr-2976	155	31	in	in	ADP
cblr-2976	155	32	the	the	DET
cblr-2976	155	33	same	same	ADJ
cblr-2976	155	34	way	way	NOUN
cblr-2976	155	35	that	that	PRON
cblr-2976	155	36	an	an	DET
cblr-2976	155	37	efficiencies	efficiency	NOUN
cblr-2976	155	38	defense	defense	NOUN
cblr-2976	155	39	is	be	AUX
cblr-2976	155	40	factored	factor	VERB
cblr-2976	155	41	into	into	ADP
cblr-2976	155	42	the	the	DET
cblr-2976	155	43	static	static	ADJ
cblr-2976	155	44	analyses	analysis	NOUN
cblr-2976	155	45	of	of	ADP
cblr-2976	155	46	merger	merger	NOUN
cblr-2976	155	47	effects	effect	NOUN
cblr-2976	155	48	.	.	PUNCT
cblr-2976	156	1	moreover	moreover	ADV
cblr-2976	156	2	,	,	PUNCT
cblr-2976	156	3	a	a	DET
cblr-2976	156	4	merger	merger	NOUN
cblr-2976	156	5	may	may	AUX
cblr-2976	156	6	affect	affect	VERB
cblr-2976	156	7	the	the	DET
cblr-2976	156	8	intensity	intensity	NOUN
cblr-2976	156	9	and	and	CCONJ
cblr-2976	156	10	direction	direction	NOUN
cblr-2976	156	11	of	of	ADP
cblr-2976	156	12	innovation	innovation	NOUN
cblr-2976	156	13	in	in	ADP
cblr-2976	156	14	the	the	DET
cblr-2976	156	15	relevant	relevant	ADJ
cblr-2976	156	16	market	market	NOUN
cblr-2976	156	17	,	,	PUNCT
cblr-2976	156	18	thereby	thereby	ADV
cblr-2976	156	19	destabilizing	destabilize	VERB
cblr-2976	156	20	the	the	DET
cblr-2976	156	21	putative	putative	ADJ
cblr-2976	156	22	collusive	collusive	ADJ
cblr-2976	156	23	outcome	outcome	NOUN
cblr-2976	156	24	.	.	PUNCT
cblr-2976	157	1	unfortunately	unfortunately	ADV
cblr-2976	157	2	,	,	PUNCT
cblr-2976	157	3	economists	economist	NOUN
cblr-2976	157	4	know	know	VERB
cblr-2976	157	5	even	even	ADV
cblr-2976	157	6	less	less	ADJ
cblr-2976	157	7	about	about	ADP
cblr-2976	157	8	how	how	SCONJ
cblr-2976	157	9	to	to	PART
cblr-2976	157	10	account	account	VERB
cblr-2976	157	11	for	for	ADP
cblr-2976	157	12	these	these	DET
cblr-2976	157	13	types	type	NOUN
cblr-2976	157	14	of	of	ADP
cblr-2976	157	15	dynamic	dynamic	ADJ
cblr-2976	157	16	effects	effect	NOUN
cblr-2976	157	17	of	of	ADP
cblr-2976	157	18	efficiency	efficiency	NOUN
cblr-2976	157	19	gains	gain	NOUN
cblr-2976	157	20	than	than	SCONJ
cblr-2976	157	21	they	they	PRON
cblr-2976	157	22	know	know	VERB
cblr-2976	157	23	about	about	ADP
cblr-2976	157	24	how	how	SCONJ
cblr-2976	157	25	to	to	PART
cblr-2976	157	26	account	account	VERB
cblr-2976	157	27	for	for	ADP
cblr-2976	157	28	the	the	DET
cblr-2976	157	29	short	short	ADJ
cblr-2976	157	30	-	-	PUNCT
cblr-2976	157	31	term	term	NOUN
cblr-2976	157	32	effects.2	effects.2	NOUN
cblr-2976	157	33	"	"	PUNCT
cblr-2976	157	34	yet	yet	ADV
cblr-2976	157	35	,	,	PUNCT
cblr-2976	157	36	in	in	ADP
cblr-2976	157	37	my	my	PRON
cblr-2976	157	38	view	view	NOUN
cblr-2976	157	39	,	,	PUNCT
cblr-2976	157	40	these	these	DET
cblr-2976	157	41	dynamic	dynamic	ADJ
cblr-2976	157	42	effects	effect	NOUN
cblr-2976	157	43	are	be	AUX
cblr-2976	157	44	likely	likely	ADJ
cblr-2976	157	45	to	to	PART
cblr-2976	157	46	be	be	AUX
cblr-2976	157	47	important	important	ADJ
cblr-2976	157	48	.	.	PUNCT
cblr-2976	158	1	for	for	ADP
cblr-2976	158	2	example	example	NOUN
cblr-2976	158	3	,	,	PUNCT
cblr-2976	158	4	the	the	DET
cblr-2976	158	5	merged	merge	VERB
cblr-2976	158	6	firm	firm	NOUN
cblr-2976	158	7	may	may	AUX
cblr-2976	158	8	use	use	VERB
cblr-2976	158	9	the	the	DET
cblr-2976	158	10	increased	increase	VERB
cblr-2976	158	11	cash	cash	NOUN
cblr-2976	158	12	flow	flow	NOUN
cblr-2976	158	13	from	from	ADP
cblr-2976	158	14	fixed	fix	VERB
cblr-2976	158	15	cost	cost	NOUN
cblr-2976	158	16	savings	saving	NOUN
cblr-2976	158	17	to	to	PART
cblr-2976	158	18	finance	finance	VERB
cblr-2976	158	19	new	new	ADJ
cblr-2976	158	20	r&d	r&d	NOUN
cblr-2976	158	21	projects	project	NOUN
cblr-2976	158	22	,	,	PUNCT
cblr-2976	158	23	which	which	PRON
cblr-2976	158	24	could	could	AUX
cblr-2976	158	25	be	be	AUX
cblr-2976	158	26	inimical	inimical	ADJ
cblr-2976	158	27	to	to	ADP
cblr-2976	158	28	sustained	sustained	ADJ
cblr-2976	158	29	coordination	coordination	NOUN
cblr-2976	158	30	.	.	PUNCT
cblr-2976	159	1	in	in	ADP
cblr-2976	159	2	any	any	DET
cblr-2976	159	3	case	case	NOUN
cblr-2976	159	4	,	,	PUNCT
cblr-2976	159	5	the	the	DET
cblr-2976	159	6	bottom	bottom	ADJ
cblr-2976	159	7	-	-	PUNCT
cblr-2976	159	8	line	line	NOUN
cblr-2976	159	9	question	question	NOUN
cblr-2976	159	10	is	be	AUX
cblr-2976	159	11	always	always	ADV
cblr-2976	159	12	how	how	SCONJ
cblr-2976	159	13	a	a	DET
cblr-2976	159	14	merger	merger	NOUN
cblr-2976	159	15	changes	change	VERB
cblr-2976	159	16	the	the	DET
cblr-2976	159	17	ability	ability	NOUN
cblr-2976	159	18	of	of	ADP
cblr-2976	159	19	firms	firm	NOUN
cblr-2976	159	20	to	to	PART
cblr-2976	159	21	coordinate	coordinate	VERB
cblr-2976	159	22	successfully	successfully	ADV
cblr-2976	159	23	on	on	ADP
cblr-2976	159	24	feasible	feasible	ADJ
cblr-2976	159	25	,	,	PUNCT
cblr-2976	159	26	possibly	possibly	ADV
cblr-2976	159	27	non	non	ADJ
cblr-2976	159	28	-	-	ADJ
cblr-2976	159	29	stationary,21	stationary,21	ADJ
cblr-2976	159	30	supra	supra	NOUN
cblr-2976	159	31	-	-	PUNCT
cblr-2976	159	32	competitive	competitive	ADJ
cblr-2976	159	33	outcomes	outcome	NOUN
cblr-2976	159	34	.	.	PUNCT
cblr-2976	160	1	iii	iii	X
cblr-2976	160	2	.	.	PUNCT
cblr-2976	161	1	the	the	DET
cblr-2976	161	2	policy	policy	NOUN
cblr-2976	161	3	challenge	challenge	NOUN
cblr-2976	161	4	from	from	ADP
cblr-2976	161	5	a	a	DET
cblr-2976	161	6	public	public	ADJ
cblr-2976	161	7	policy	policy	NOUN
cblr-2976	161	8	standpoint	standpoint	NOUN
cblr-2976	161	9	,	,	PUNCT
cblr-2976	161	10	the	the	DET
cblr-2976	161	11	issue	issue	NOUN
cblr-2976	161	12	in	in	ADP
cblr-2976	161	13	proving	prove	VERB
cblr-2976	161	14	coordinated	coordinated	ADJ
cblr-2976	161	15	effects	effect	NOUN
cblr-2976	161	16	creates	create	VERB
cblr-2976	161	17	what	what	PRON
cblr-2976	161	18	i	i	PRON
cblr-2976	161	19	consider	consider	VERB
cblr-2976	161	20	an	an	DET
cblr-2976	161	21	enforcement	enforcement	NOUN
cblr-2976	161	22	challenge	challenge	VERB
cblr-2976	161	23	-	-	PUNCT
cblr-2976	161	24	a	a	DET
cblr-2976	161	25	hurdle	hurdle	NOUN
cblr-2976	161	26	much	much	ADV
cblr-2976	161	27	more	more	ADV
cblr-2976	161	28	serious	serious	ADJ
cblr-2976	161	29	than	than	ADP
cblr-2976	161	30	establishing	establish	VERB
cblr-2976	161	31	unilateral	unilateral	ADJ
cblr-2976	161	32	effects	effect	NOUN
cblr-2976	161	33	.	.	PUNCT
cblr-2976	162	1	this	this	PRON
cblr-2976	162	2	is	be	AUX
cblr-2976	162	3	so	so	ADV
cblr-2976	162	4	only	only	ADV
cblr-2976	162	5	because	because	SCONJ
cblr-2976	162	6	the	the	DET
cblr-2976	162	7	economic	economic	ADJ
cblr-2976	162	8	foundations	foundation	NOUN
cblr-2976	162	9	on	on	ADP
cblr-2976	162	10	which	which	PRON
cblr-2976	162	11	coordinated	coordinate	VERB
cblr-2976	162	12	effects	effect	NOUN
cblr-2976	162	13	rest	rest	VERB
cblr-2976	162	14	are	be	AUX
cblr-2976	162	15	much	much	ADV
cblr-2976	162	16	less	less	ADV
cblr-2976	162	17	developed	developed	ADJ
cblr-2976	162	18	and	and	CCONJ
cblr-2976	162	19	much	much	ADV
cblr-2976	162	20	more	more	ADV
cblr-2976	162	21	complex	complex	ADJ
cblr-2976	162	22	.	.	PUNCT
cblr-2976	163	1	in	in	ADP
cblr-2976	163	2	my	my	PRON
cblr-2976	163	3	view	view	NOUN
cblr-2976	163	4	,	,	PUNCT
cblr-2976	163	5	the	the	DET
cblr-2976	163	6	coordinated	coordinate	VERB
cblr-2976	163	7	effects	effect	NOUN
cblr-2976	163	8	challenge	challenge	VERB
cblr-2976	163	9	to	to	ADP
cblr-2976	163	10	a	a	DET
cblr-2976	163	11	merger	merger	NOUN
cblr-2976	163	12	needs	need	VERB
cblr-2976	163	13	to	to	PART
cblr-2976	163	14	establish	establish	VERB
cblr-2976	163	15	20	20	NUM
cblr-2976	163	16	see	see	NOUN
cblr-2976	163	17	,	,	PUNCT
cblr-2976	163	18	however	however	ADV
cblr-2976	163	19	,	,	PUNCT
cblr-2976	163	20	m.	m.	PROPN
cblr-2976	163	21	katz	katz	PROPN
cblr-2976	163	22	and	and	CCONJ
cblr-2976	163	23	h.	h.	PROPN
cblr-2976	163	24	shelanski	shelanski	PROPN
cblr-2976	163	25	,	,	PUNCT
cblr-2976	163	26	mergers	merger	NOUN
cblr-2976	163	27	and	and	CCONJ
cblr-2976	163	28	innovation	innovation	NOUN
cblr-2976	163	29	,	,	PUNCT
cblr-2976	163	30	74	74	NUM
cblr-2976	163	31	antitrust	antitrust	ADJ
cblr-2976	163	32	l.j	l.j	NOUN
cblr-2976	163	33	.	.	PROPN
cblr-2976	163	34	1	1	NUM
cblr-2976	163	35	(	(	PUNCT
cblr-2976	163	36	2007	2007	NUM
cblr-2976	163	37	)	)	PUNCT
cblr-2976	163	38	(	(	PUNCT
cblr-2976	163	39	discussing	discuss	VERB
cblr-2976	163	40	potential	potential	ADJ
cblr-2976	163	41	tension	tension	NOUN
cblr-2976	163	42	between	between	ADP
cblr-2976	163	43	competition	competition	NOUN
cblr-2976	163	44	and	and	CCONJ
cblr-2976	163	45	innovation	innovation	NOUN
cblr-2976	163	46	)	)	PUNCT
cblr-2976	163	47	.	.	PUNCT
cblr-2976	164	1	2	2	NUM
cblr-2976	164	2	by	by	ADP
cblr-2976	164	3	non	non	ADJ
cblr-2976	164	4	-	-	ADJ
cblr-2976	164	5	stationary	stationary	ADJ
cblr-2976	164	6	,	,	PUNCT
cblr-2976	164	7	i	i	PRON
cblr-2976	164	8	mean	mean	VERB
cblr-2976	164	9	that	that	SCONJ
cblr-2976	164	10	firms	firm	NOUN
cblr-2976	164	11	not	not	PART
cblr-2976	164	12	only	only	ADV
cblr-2976	164	13	have	have	VERB
cblr-2976	164	14	to	to	PART
cblr-2976	164	15	agree	agree	VERB
cblr-2976	164	16	that	that	SCONJ
cblr-2976	164	17	today	today	NOUN
cblr-2976	164	18	's	's	PART
cblr-2976	164	19	price	price	NOUN
cblr-2976	164	20	or	or	CCONJ
cblr-2976	164	21	tomorrow	tomorrow	NOUN
cblr-2976	164	22	's	's	PART
cblr-2976	164	23	price	price	NOUN
cblr-2976	164	24	ought	ought	AUX
cblr-2976	164	25	to	to	PART
cblr-2976	164	26	be	be	AUX
cblr-2976	164	27	$	$	SYM
cblr-2976	164	28	5	5	NUM
cblr-2976	164	29	per	per	ADP
cblr-2976	164	30	widget	widget	NOUN
cblr-2976	164	31	,	,	PUNCT
cblr-2976	164	32	but	but	CCONJ
cblr-2976	164	33	how	how	SCONJ
cblr-2976	164	34	to	to	PART
cblr-2976	164	35	price	price	NOUN
cblr-2976	164	36	widgets	widget	NOUN
cblr-2976	164	37	generally	generally	ADV
cblr-2976	164	38	given	give	VERB
cblr-2976	164	39	that	that	SCONJ
cblr-2976	164	40	the	the	DET
cblr-2976	164	41	widget	widget	NOUN
cblr-2976	164	42	market	market	NOUN
cblr-2976	164	43	is	be	AUX
cblr-2976	164	44	subject	subject	ADJ
cblr-2976	164	45	to	to	ADP
cblr-2976	164	46	various	various	ADJ
cblr-2976	164	47	unpredictable	unpredictable	ADJ
cblr-2976	164	48	shocks	shock	NOUN
cblr-2976	164	49	.	.	PUNCT
cblr-2976	165	1	that	that	SCONJ
cblr-2976	165	2	the	the	DET
cblr-2976	165	3	merger	merger	NOUN
cblr-2976	165	4	materially	materially	ADV
cblr-2976	165	5	raises	raise	VERB
cblr-2976	165	6	both	both	CCONJ
cblr-2976	165	7	the	the	DET
cblr-2976	165	8	incentives	incentive	NOUN
cblr-2976	165	9	and	and	CCONJ
cblr-2976	165	10	the	the	DET
cblr-2976	165	11	actual	actual	ADJ
cblr-2976	165	12	ability	ability	NOUN
cblr-2976	165	13	of	of	ADP
cblr-2976	165	14	the	the	DET
cblr-2976	165	15	incumbent	incumbent	ADJ
cblr-2976	165	16	firms	firm	NOUN
cblr-2976	165	17	to	to	PART
cblr-2976	165	18	tacitly	tacitly	ADV
cblr-2976	165	19	collude	collude	VERB
cblr-2976	165	20	relative	relative	ADJ
cblr-2976	165	21	to	to	ADP
cblr-2976	165	22	pre	pre	ADJ
cblr-2976	165	23	-	-	ADJ
cblr-2976	165	24	merger	merger	ADJ
cblr-2976	165	25	conditions	condition	NOUN
cblr-2976	165	26	.	.	PUNCT
cblr-2976	166	1	that	that	PRON
cblr-2976	166	2	is	is	ADV
cblr-2976	166	3	,	,	PUNCT
cblr-2976	166	4	the	the	DET
cblr-2976	166	5	merger	merger	NOUN
cblr-2976	166	6	must	must	AUX
cblr-2976	166	7	materially	materially	ADV
cblr-2976	166	8	relax	relax	VERB
cblr-2976	166	9	several	several	ADJ
cblr-2976	166	10	of	of	ADP
cblr-2976	166	11	the	the	DET
cblr-2976	166	12	constraints	constraint	NOUN
cblr-2976	166	13	that	that	PRON
cblr-2976	166	14	limited	limit	VERB
cblr-2976	166	15	the	the	DET
cblr-2976	166	16	industry	industry	NOUN
cblr-2976	166	17	's	's	PART
cblr-2976	166	18	ability	ability	NOUN
cblr-2976	166	19	and	and	CCONJ
cblr-2976	166	20	incentive	incentive	NOUN
cblr-2976	166	21	to	to	PART
cblr-2976	166	22	maintain	maintain	VERB
cblr-2976	166	23	prices	price	NOUN
cblr-2976	166	24	above	above	ADP
cblr-2976	166	25	competitive	competitive	ADJ
cblr-2976	166	26	levels	level	NOUN
cblr-2976	166	27	in	in	ADP
cblr-2976	166	28	a	a	DET
cblr-2976	166	29	dynamic	dynamic	ADJ
cblr-2976	166	30	market	market	NOUN
cblr-2976	166	31	environment	environment	NOUN
cblr-2976	166	32	.	.	PUNCT
cblr-2976	167	1	this	this	PRON
cblr-2976	167	2	in	in	ADP
cblr-2976	167	3	turn	turn	NOUN
cblr-2976	167	4	requires	require	VERB
cblr-2976	167	5	showing	show	VERB
cblr-2976	167	6	empirically	empirically	ADV
cblr-2976	167	7	and	and	CCONJ
cblr-2976	167	8	qualitatively	qualitatively	ADV
cblr-2976	167	9	,	,	PUNCT
cblr-2976	167	10	in	in	ADP
cblr-2976	167	11	the	the	DET
cblr-2976	167	12	context	context	NOUN
cblr-2976	167	13	of	of	ADP
cblr-2976	167	14	a	a	DET
cblr-2976	167	15	well	well	ADV
cblr-2976	167	16	-	-	PUNCT
cblr-2976	167	17	specified	specify	VERB
cblr-2976	167	18	model	model	NOUN
cblr-2976	167	19	of	of	ADP
cblr-2976	167	20	tacit	tacit	ADJ
cblr-2976	167	21	collusion	collusion	NOUN
cblr-2976	167	22	,	,	PUNCT
cblr-2976	167	23	that	that	SCONJ
cblr-2976	167	24	the	the	DET
cblr-2976	167	25	merger	merger	NOUN
cblr-2976	167	26	makes	make	VERB
cblr-2976	167	27	it	it	PRON
cblr-2976	167	28	easier	easy	ADJ
cblr-2976	167	29	to	to	ADP
cblr-2976	167	30	:	:	PUNCT
cblr-2976	167	31	(	(	PUNCT
cblr-2976	167	32	1	1	X
cblr-2976	167	33	)	)	PUNCT
cblr-2976	167	34	reach	reach	VERB
cblr-2976	167	35	and	and	CCONJ
cblr-2976	167	36	sustain	sustain	VERB
cblr-2976	167	37	tacit	tacit	ADJ
cblr-2976	167	38	agreement	agreement	NOUN
cblr-2976	167	39	on	on	ADP
cblr-2976	167	40	key	key	ADJ
cblr-2976	167	41	dimensions	dimension	NOUN
cblr-2976	167	42	of	of	ADP
cblr-2976	167	43	competition	competition	NOUN
cblr-2976	167	44	;	;	PUNCT
cblr-2976	167	45	(	(	PUNCT
cblr-2976	167	46	2	2	X
cblr-2976	167	47	)	)	PUNCT
cblr-2976	167	48	detect	detect	VERB
cblr-2976	167	49	deviations	deviation	NOUN
cblr-2976	167	50	from	from	ADP
cblr-2976	167	51	the	the	DET
cblr-2976	167	52	agreement	agreement	NOUN
cblr-2976	167	53	(	(	PUNCT
cblr-2976	167	54	especially	especially	ADV
cblr-2976	167	55	if	if	SCONJ
cblr-2976	167	56	the	the	DET
cblr-2976	167	57	industry	industry	NOUN
cblr-2976	167	58	is	be	AUX
cblr-2976	167	59	not	not	PART
cblr-2976	167	60	stable	stable	ADJ
cblr-2976	167	61	)	)	PUNCT
cblr-2976	167	62	so	so	SCONJ
cblr-2976	167	63	as	as	SCONJ
cblr-2976	167	64	to	to	PART
cblr-2976	167	65	dissuade	dissuade	VERB
cblr-2976	167	66	firms	firm	NOUN
cblr-2976	167	67	from	from	ADP
cblr-2976	167	68	cheating	cheat	VERB
cblr-2976	167	69	for	for	ADP
cblr-2976	167	70	fear	fear	NOUN
cblr-2976	167	71	of	of	ADP
cblr-2976	167	72	punishment	punishment	NOUN
cblr-2976	167	73	;	;	PUNCT
cblr-2976	167	74	and	and	CCONJ
cblr-2976	167	75	(	(	PUNCT
cblr-2976	167	76	3	3	X
cblr-2976	167	77	)	)	PUNCT
cblr-2976	167	78	deter	deter	VERB
cblr-2976	167	79	such	such	ADJ
cblr-2976	167	80	deviations	deviation	NOUN
cblr-2976	167	81	from	from	ADP
cblr-2976	167	82	coordination	coordination	NOUN
cblr-2976	167	83	by	by	ADP
cblr-2976	167	84	means	mean	NOUN
cblr-2976	167	85	of	of	ADP
cblr-2976	167	86	more	more	ADV
cblr-2976	167	87	effective	effective	ADJ
cblr-2976	167	88	(	(	PUNCT
cblr-2976	167	89	e.g.	e.g.	ADV
cblr-2976	167	90	,	,	PUNCT
cblr-2976	167	91	faster	fast	ADJ
cblr-2976	167	92	and	and	CCONJ
cblr-2976	167	93	more	more	ADV
cblr-2976	167	94	costly	costly	ADJ
cblr-2976	167	95	to	to	ADP
cblr-2976	167	96	the	the	DET
cblr-2976	167	97	"	"	PUNCT
cblr-2976	167	98	cheating	cheat	VERB
cblr-2976	167	99	"	"	PUNCT
cblr-2976	167	100	firm	firm	ADJ
cblr-2976	167	101	)	)	PUNCT
cblr-2976	167	102	punishments	punishment	NOUN
cblr-2976	167	103	.	.	PUNCT
cblr-2976	168	1	at	at	ADP
cblr-2976	168	2	the	the	DET
cblr-2976	168	3	same	same	ADJ
cblr-2976	168	4	time	time	NOUN
cblr-2976	168	5	,	,	PUNCT
cblr-2976	168	6	in	in	ADP
cblr-2976	168	7	my	my	PRON
cblr-2976	168	8	view	view	NOUN
cblr-2976	168	9	,	,	PUNCT
cblr-2976	168	10	it	it	PRON
cblr-2976	168	11	is	be	AUX
cblr-2976	168	12	not	not	PART
cblr-2976	168	13	enough	enough	ADJ
cblr-2976	168	14	in	in	ADP
cblr-2976	168	15	proving	prove	VERB
cblr-2976	168	16	coordination	coordination	NOUN
cblr-2976	168	17	to	to	PART
cblr-2976	168	18	:	:	PUNCT
cblr-2976	168	19	(	(	PUNCT
cblr-2976	168	20	1	1	X
cblr-2976	168	21	)	)	PUNCT
cblr-2976	168	22	invoke	invoke	VERB
cblr-2976	168	23	statistical	statistical	ADJ
cblr-2976	168	24	correlations	correlation	NOUN
cblr-2976	168	25	between	between	ADP
cblr-2976	168	26	prices	price	NOUN
cblr-2976	168	27	(	(	PUNCT
cblr-2976	168	28	margins	margin	NOUN
cblr-2976	168	29	)	)	PUNCT
cblr-2976	168	30	and	and	CCONJ
cblr-2976	168	31	concentration	concentration	NOUN
cblr-2976	168	32	(	(	PUNCT
cblr-2976	168	33	though	though	SCONJ
cblr-2976	168	34	structure	structure	NOUN
cblr-2976	168	35	still	still	ADV
cblr-2976	168	36	matters	matter	VERB
cblr-2976	168	37	)	)	PUNCT
cblr-2976	168	38	;	;	PUNCT
cblr-2976	168	39	(	(	PUNCT
cblr-2976	168	40	2	2	X
cblr-2976	168	41	)	)	PUNCT
cblr-2976	168	42	invoke	invoke	VERB
cblr-2976	168	43	the	the	DET
cblr-2976	168	44	merger	merger	NOUN
cblr-2976	168	45	guideline	guideline	NOUN
cblr-2976	168	46	's	's	PART
cblr-2976	168	47	"	"	PUNCT
cblr-2976	168	48	checklist	checklist	NOUN
cblr-2976	168	49	"	"	PUNCT
cblr-2976	168	50	factors22	factors22	NOUN
cblr-2976	168	51	(	(	PUNCT
cblr-2976	168	52	though	though	SCONJ
cblr-2976	168	53	these	these	DET
cblr-2976	168	54	factors	factor	NOUN
cblr-2976	168	55	can	can	AUX
cblr-2976	168	56	be	be	AUX
cblr-2976	168	57	linked	link	VERB
cblr-2976	168	58	to	to	ADP
cblr-2976	168	59	the	the	DET
cblr-2976	168	60	"	"	PUNCT
cblr-2976	168	61	mechanism	mechanism	NOUN
cblr-2976	168	62	"	"	PUNCT
cblr-2976	168	63	of	of	ADP
cblr-2976	168	64	coordination	coordination	NOUN
cblr-2976	168	65	discussed	discuss	VERB
cblr-2976	168	66	below	below	ADP
cblr-2976	168	67	)	)	PUNCT
cblr-2976	168	68	;	;	PUNCT
cblr-2976	168	69	or	or	CCONJ
cblr-2976	168	70	(	(	PUNCT
cblr-2976	168	71	3	3	X
cblr-2976	168	72	)	)	PUNCT
cblr-2976	168	73	assert	assert	VERB
cblr-2976	168	74	that	that	SCONJ
cblr-2976	168	75	the	the	DET
cblr-2976	168	76	relevant	relevant	ADJ
cblr-2976	168	77	market	market	NOUN
cblr-2976	168	78	is	be	AUX
cblr-2976	168	79	"	"	PUNCT
cblr-2976	168	80	susceptible	susceptible	ADJ
cblr-2976	168	81	"	"	PUNCT
cblr-2976	168	82	to	to	ADP
cblr-2976	168	83	tacit	tacit	ADJ
cblr-2976	168	84	coordination	coordination	NOUN
cblr-2976	168	85	(	(	PUNCT
cblr-2976	168	86	though	though	SCONJ
cblr-2976	168	87	evidence	evidence	NOUN
cblr-2976	168	88	of	of	ADP
cblr-2976	168	89	past	past	ADJ
cblr-2976	168	90	or	or	CCONJ
cblr-2976	168	91	present	present	ADJ
cblr-2976	168	92	coordination	coordination	NOUN
cblr-2976	168	93	can	can	AUX
cblr-2976	168	94	be	be	AUX
cblr-2976	168	95	used	use	VERB
cblr-2976	168	96	to	to	PART
cblr-2976	168	97	defend	defend	VERB
cblr-2976	168	98	the	the	DET
cblr-2976	168	99	"	"	PUNCT
cblr-2976	168	100	mechanism	mechanism	NOUN
cblr-2976	168	101	"	"	PUNCT
cblr-2976	168	102	of	of	ADP
cblr-2976	168	103	coordination	coordination	NOUN
cblr-2976	168	104	)	)	PUNCT
cblr-2976	168	105	.	.	PUNCT
cblr-2976	169	1	in	in	ADP
cblr-2976	169	2	addition	addition	NOUN
cblr-2976	169	3	to	to	ADP
cblr-2976	169	4	these	these	DET
cblr-2976	169	5	elements	element	NOUN
cblr-2976	169	6	of	of	ADP
cblr-2976	169	7	proof	proof	NOUN
cblr-2976	169	8	of	of	ADP
cblr-2976	169	9	coordination	coordination	NOUN
cblr-2976	169	10	,	,	PUNCT
cblr-2976	169	11	an	an	DET
cblr-2976	169	12	analysis	analysis	NOUN
cblr-2976	169	13	of	of	ADP
cblr-2976	169	14	merger	merger	NOUN
cblr-2976	169	15	effects	effect	NOUN
cblr-2976	169	16	must	must	AUX
cblr-2976	169	17	describe	describe	VERB
cblr-2976	169	18	the	the	DET
cblr-2976	169	19	building	building	NOUN
cblr-2976	169	20	blocks	block	NOUN
cblr-2976	169	21	of	of	ADP
cblr-2976	169	22	the	the	DET
cblr-2976	169	23	"	"	PUNCT
cblr-2976	169	24	mechanism	mechanism	NOUN
cblr-2976	169	25	"	"	PUNCT
cblr-2976	169	26	of	of	ADP
cblr-2976	169	27	coordination	coordination	NOUN
cblr-2976	169	28	-	-	PUNCT
cblr-2976	169	29	that	that	ADV
cblr-2976	169	30	is	be	AUX
cblr-2976	169	31	,	,	PUNCT
cblr-2976	169	32	by	by	ADP
cblr-2976	169	33	what	what	PRON
cblr-2976	169	34	means	mean	VERB
cblr-2976	169	35	coordination	coordination	NOUN
cblr-2976	169	36	was	be	AUX
cblr-2976	169	37	or	or	CCONJ
cblr-2976	169	38	would	would	AUX
cblr-2976	169	39	be	be	AUX
cblr-2976	169	40	effected.23	effected.23	NOUN
cblr-2976	169	41	this	this	DET
cblr-2976	169	42	leg	leg	NOUN
cblr-2976	169	43	of	of	ADP
cblr-2976	169	44	22	22	NUM
cblr-2976	169	45	see	see	VERB
cblr-2976	169	46	merger	merger	NOUN
cblr-2976	169	47	guidelines	guideline	NOUN
cblr-2976	169	48	,	,	PUNCT
cblr-2976	169	49	supra	supra	PROPN
cblr-2976	169	50	note	note	NOUN
cblr-2976	169	51	2	2	NUM
cblr-2976	169	52	,	,	PUNCT
cblr-2976	169	53	at	at	ADP
cblr-2976	169	54	§	§	PROPN
cblr-2976	169	55	2.1	2.1	NUM
cblr-2976	169	56	.	.	PUNCT
cblr-2976	170	1	see	see	VERB
cblr-2976	170	2	also	also	ADV
cblr-2976	170	3	david	david	PROPN
cblr-2976	170	4	t.	t.	PROPN
cblr-2976	170	5	scheffman	scheffman	PROPN
cblr-2976	170	6	,	,	PUNCT
cblr-2976	170	7	mary	mary	PROPN
cblr-2976	170	8	coleman	coleman	PROPN
cblr-2976	170	9	,	,	PUNCT
cblr-2976	170	10	quantitative	quantitative	ADJ
cblr-2976	170	11	analyses	analysis	NOUN
cblr-2976	170	12	of	of	ADP
cblr-2976	170	13	potential	potential	ADJ
cblr-2976	170	14	competitive	competitive	ADJ
cblr-2976	170	15	effects	effect	NOUN
cblr-2976	170	16	from	from	ADP
cblr-2976	170	17	a	a	DET
cblr-2976	170	18	merger	merger	NOUN
cblr-2976	170	19	,	,	PUNCT
cblr-2976	170	20	12	12	NUM
cblr-2976	170	21	geo	geo	PROPN
cblr-2976	170	22	.	.	PROPN
cblr-2976	170	23	mason	mason	PROPN
cblr-2976	170	24	l.	l.	PROPN
cblr-2976	170	25	rev	rev	PROPN
cblr-2976	170	26	.	.	PROPN
cblr-2976	170	27	319	319	NUM
cblr-2976	170	28	,	,	PUNCT
cblr-2976	170	29	326	326	NUM
cblr-2976	170	30	-	-	SYM
cblr-2976	170	31	7	7	NUM
cblr-2976	170	32	(	(	PUNCT
cblr-2976	170	33	2003	2003	NUM
cblr-2976	170	34	)	)	PUNCT
cblr-2976	170	35	(	(	PUNCT
cblr-2976	170	36	"	"	PUNCT
cblr-2976	170	37	the	the	DET
cblr-2976	170	38	merger	merger	NOUN
cblr-2976	170	39	guidelines	guideline	NOUN
cblr-2976	170	40	also	also	ADV
cblr-2976	170	41	incorporate	incorporate	VERB
cblr-2976	170	42	the	the	DET
cblr-2976	170	43	check	check	NOUN
cblr-2976	170	44	list	list	NOUN
cblr-2976	170	45	approach	approach	NOUN
cblr-2976	170	46	,	,	PUNCT
cblr-2976	170	47	identifying	identify	VERB
cblr-2976	170	48	the	the	DET
cblr-2976	170	49	following	follow	VERB
cblr-2976	170	50	factors	factor	NOUN
cblr-2976	170	51	:	:	PUNCT
cblr-2976	170	52	(	(	PUNCT
cblr-2976	170	53	i	i	NOUN
cblr-2976	170	54	)	)	PUNCT
cblr-2976	170	55	availability	availability	NOUN
cblr-2976	170	56	of	of	ADP
cblr-2976	170	57	key	key	ADJ
cblr-2976	170	58	information	information	NOUN
cblr-2976	170	59	concerning	concern	VERB
cblr-2976	170	60	market	market	NOUN
cblr-2976	170	61	conditions	condition	NOUN
cblr-2976	170	62	,	,	PUNCT
cblr-2976	170	63	transactions	transaction	NOUN
cblr-2976	170	64	,	,	PUNCT
cblr-2976	170	65	and	and	CCONJ
cblr-2976	170	66	individual	individual	ADJ
cblr-2976	170	67	competitors	competitor	NOUN
cblr-2976	170	68	;	;	PUNCT
cblr-2976	170	69	(	(	PUNCT
cblr-2976	170	70	ii	ii	NOUN
cblr-2976	170	71	)	)	PUNCT
cblr-2976	170	72	the	the	DET
cblr-2976	170	73	extent	extent	NOUN
cblr-2976	170	74	of	of	ADP
cblr-2976	170	75	firm	firm	ADJ
cblr-2976	170	76	and	and	CCONJ
cblr-2976	170	77	product	product	NOUN
cblr-2976	170	78	heterogeneity	heterogeneity	NOUN
cblr-2976	170	79	;	;	PUNCT
cblr-2976	170	80	(	(	PUNCT
cblr-2976	170	81	iii	iii	X
cblr-2976	170	82	)	)	PUNCT
cblr-2976	170	83	pricing	pricing	NOUN
cblr-2976	170	84	or	or	CCONJ
cblr-2976	170	85	marketing	marketing	NOUN
cblr-2976	170	86	practices	practice	NOUN
cblr-2976	170	87	typically	typically	ADV
cblr-2976	170	88	employed	employ	VERB
cblr-2976	170	89	by	by	ADP
cblr-2976	170	90	firms	firm	NOUN
cblr-2976	170	91	in	in	ADP
cblr-2976	170	92	the	the	DET
cblr-2976	170	93	market	market	NOUN
cblr-2976	170	94	;	;	PUNCT
cblr-2976	170	95	(	(	PUNCT
cblr-2976	170	96	iv	iv	X
cblr-2976	170	97	)	)	PUNCT
cblr-2976	170	98	characteristics	characteristic	NOUN
cblr-2976	170	99	of	of	ADP
cblr-2976	170	100	buyers	buyer	NOUN
cblr-2976	170	101	and	and	CCONJ
cblr-2976	170	102	sellers	seller	NOUN
cblr-2976	170	103	;	;	PUNCT
cblr-2976	170	104	(	(	PUNCT
cblr-2976	170	105	v	v	NOUN
cblr-2976	170	106	)	)	PUNCT
cblr-2976	170	107	characteristics	characteristic	NOUN
cblr-2976	170	108	of	of	ADP
cblr-2976	170	109	typical	typical	ADJ
cblr-2976	170	110	transactions	transaction	NOUN
cblr-2976	170	111	;	;	PUNCT
cblr-2976	170	112	and	and	CCONJ
cblr-2976	170	113	(	(	PUNCT
cblr-2976	170	114	vi	vi	NOUN
cblr-2976	170	115	)	)	PUNCT
cblr-2976	170	116	previous	previous	ADJ
cblr-2976	170	117	express	express	ADJ
cblr-2976	170	118	collusion	collusion	NOUN
cblr-2976	170	119	.	.	PUNCT
cblr-2976	170	120	"	"	PUNCT
cblr-2976	170	121	)	)	PUNCT
cblr-2976	170	122	.	.	PUNCT
cblr-2976	171	1	22	22	NUM
cblr-2976	171	2	see	see	VERB
cblr-2976	171	3	,	,	PUNCT
cblr-2976	171	4	e.g.	e.g.	ADV
cblr-2976	171	5	,	,	PUNCT
cblr-2976	171	6	ftc	ftc	PROPN
cblr-2976	171	7	v.	v.	ADP
cblr-2976	171	8	arch	arch	ADJ
cblr-2976	171	9	coal	coal	NOUN
cblr-2976	171	10	,	,	PUNCT
cblr-2976	171	11	329	329	NUM
cblr-2976	171	12	f.	f.	PROPN
cblr-2976	171	13	supp	supp	PROPN
cblr-2976	171	14	.	.	PUNCT
cblr-2976	172	1	2d	2d	NOUN
cblr-2976	172	2	109	109	NUM
cblr-2976	172	3	(	(	PUNCT
cblr-2976	172	4	d.d.c	d.d.c	PROPN
cblr-2976	172	5	.	.	PROPN
cblr-2976	172	6	2004	2004	NUM
cblr-2976	172	7	)	)	PUNCT
cblr-2976	172	8	(	(	PUNCT
cblr-2976	172	9	in	in	ADP
cblr-2976	172	10	which	which	PRON
cblr-2976	172	11	the	the	DET
cblr-2976	172	12	ftc	ftc	PROPN
cblr-2976	172	13	opposed	oppose	VERB
cblr-2976	172	14	the	the	DET
cblr-2976	172	15	proposed	propose	VERB
cblr-2976	172	16	merger	merger	NOUN
cblr-2976	172	17	"	"	PUNCT
cblr-2976	172	18	under	under	ADP
cblr-2976	172	19	the	the	DET
cblr-2976	172	20	theory	theory	NOUN
cblr-2976	172	21	that	that	SCONJ
cblr-2976	172	22	the	the	DET
cblr-2976	172	23	columbia	columbia	PROPN
cblr-2976	172	24	business	business	PROPN
cblr-2976	172	25	la	la	PROPN
cblr-2976	172	26	w	w	PROPN
cblr-2976	172	27	re	re	VERB
cblr-2976	172	28	view	view	NOUN
cblr-2976	172	29	[	[	X
cblr-2976	172	30	vol	vol	NOUN
cblr-2976	172	31	.	.	PUNCT
cblr-2976	172	32	2007	2007	NUM
cblr-2976	173	1	no	no	NOUN
cblr-2976	173	2	.	.	PUNCT
cblr-2976	174	1	2:411	2:411	NUM
cblr-2976	174	2	]	]	PUNCT
cblr-2976	174	3	coordinated	coordinate	VERB
cblr-2976	174	4	effects	effect	NOUN
cblr-2976	174	5	in	in	ADP
cblr-2976	174	6	merger	merger	NOUN
cblr-2976	174	7	analysis	analysis	NOUN
cblr-2976	174	8	425	425	NUM
cblr-2976	174	9	the	the	DET
cblr-2976	174	10	analysis	analysis	NOUN
cblr-2976	174	11	must	must	AUX
cblr-2976	174	12	address	address	VERB
cblr-2976	174	13	several	several	ADJ
cblr-2976	174	14	questions	question	NOUN
cblr-2976	174	15	including	include	VERB
cblr-2976	174	16	:	:	PUNCT
cblr-2976	174	17	will	will	AUX
cblr-2976	174	18	the	the	DET
cblr-2976	174	19	putative	putative	ADJ
cblr-2976	174	20	collusive	collusive	ADJ
cblr-2976	174	21	conduct	conduct	NOUN
cblr-2976	174	22	consist	consist	NOUN
cblr-2976	174	23	of	of	ADP
cblr-2976	174	24	output	output	NOUN
cblr-2976	174	25	suppression	suppression	NOUN
cblr-2976	174	26	/	/	SYM
cblr-2976	174	27	price	price	NOUN
cblr-2976	174	28	elevation	elevation	NOUN
cblr-2976	174	29	,	,	PUNCT
cblr-2976	174	30	capacity	capacity	NOUN
cblr-2976	174	31	restriction	restriction	NOUN
cblr-2976	174	32	,	,	PUNCT
cblr-2976	174	33	or	or	CCONJ
cblr-2976	174	34	customer	customer	NOUN
cblr-2976	174	35	allocation	allocation	NOUN
cblr-2976	174	36	?	?	PUNCT
cblr-2976	175	1	which	which	DET
cblr-2976	175	2	decisions	decision	NOUN
cblr-2976	175	3	will	will	AUX
cblr-2976	175	4	remain	remain	VERB
cblr-2976	175	5	competitive	competitive	ADJ
cblr-2976	175	6	(	(	PUNCT
cblr-2976	175	7	semicollusion	semicollusion	NOUN
cblr-2976	175	8	)	)	PUNCT
cblr-2976	175	9	?	?	PUNCT
cblr-2976	176	1	how	how	SCONJ
cblr-2976	176	2	will	will	AUX
cblr-2976	176	3	the	the	DET
cblr-2976	176	4	putative	putative	ADJ
cblr-2976	176	5	outcome	outcome	NOUN
cblr-2976	176	6	be	be	AUX
cblr-2976	176	7	reached	reach	VERB
cblr-2976	176	8	absent	absent	ADJ
cblr-2976	176	9	direct	direct	ADJ
cblr-2976	176	10	communications	communication	NOUN
cblr-2976	176	11	?	?	PUNCT
cblr-2976	177	1	can	can	AUX
cblr-2976	177	2	it	it	PRON
cblr-2976	177	3	actually	actually	ADV
cblr-2976	177	4	be	be	AUX
cblr-2976	177	5	reached	reach	VERB
cblr-2976	177	6	without	without	ADP
cblr-2976	177	7	direct	direct	ADJ
cblr-2976	177	8	communications	communication	NOUN
cblr-2976	177	9	or	or	CCONJ
cblr-2976	177	10	with	with	ADP
cblr-2976	177	11	just	just	ADV
cblr-2976	177	12	"	"	PUNCT
cblr-2976	177	13	cheap	cheap	ADJ
cblr-2976	177	14	talk	talk	NOUN
cblr-2976	177	15	"	"	PUNCT
cblr-2976	177	16	?	?	PUNCT
cblr-2976	178	1	how	how	SCONJ
cblr-2976	178	2	will	will	AUX
cblr-2976	178	3	coordination	coordination	NOUN
cblr-2976	178	4	be	be	AUX
cblr-2976	178	5	monitored	monitor	VERB
cblr-2976	178	6	?	?	PUNCT
cblr-2976	179	1	how	how	SCONJ
cblr-2976	179	2	will	will	AUX
cblr-2976	179	3	it	it	PRON
cblr-2976	179	4	be	be	AUX
cblr-2976	179	5	enforced	enforce	VERB
cblr-2976	179	6	?	?	PUNCT
cblr-2976	180	1	and	and	CCONJ
cblr-2976	180	2	how	how	SCONJ
cblr-2976	180	3	will	will	AUX
cblr-2976	180	4	it	it	PRON
cblr-2976	180	5	be	be	AUX
cblr-2976	180	6	adjusted	adjust	VERB
cblr-2976	180	7	in	in	ADP
cblr-2976	180	8	response	response	NOUN
cblr-2976	180	9	to	to	ADP
cblr-2976	180	10	market	market	NOUN
cblr-2976	180	11	shocks	shock	NOUN
cblr-2976	180	12	?	?	PUNCT
cblr-2976	181	1	as	as	SCONJ
cblr-2976	181	2	we	we	PRON
cblr-2976	181	3	shall	shall	AUX
cblr-2976	181	4	see	see	VERB
cblr-2976	181	5	in	in	ADP
cblr-2976	181	6	the	the	DET
cblr-2976	181	7	next	next	ADJ
cblr-2976	181	8	section	section	NOUN
cblr-2976	181	9	,	,	PUNCT
cblr-2976	181	10	both	both	PRON
cblr-2976	181	11	economics	economic	NOUN
cblr-2976	181	12	and	and	CCONJ
cblr-2976	181	13	merger	merger	NOUN
cblr-2976	181	14	enforcement	enforcement	NOUN
cblr-2976	181	15	made	make	VERB
cblr-2976	181	16	some	some	DET
cblr-2976	181	17	important	important	ADJ
cblr-2976	181	18	advances	advance	NOUN
cblr-2976	181	19	in	in	ADP
cblr-2976	181	20	analyzing	analyze	VERB
cblr-2976	181	21	tacit	tacit	ADJ
cblr-2976	181	22	collusion	collusion	NOUN
cblr-2976	181	23	within	within	ADP
cblr-2976	181	24	the	the	DET
cblr-2976	181	25	context	context	NOUN
cblr-2976	181	26	of	of	ADP
cblr-2976	181	27	this	this	DET
cblr-2976	181	28	analytical	analytical	ADJ
cblr-2976	181	29	paradigm	paradigm	NOUN
cblr-2976	181	30	which	which	PRON
cblr-2976	181	31	,	,	PUNCT
cblr-2976	181	32	as	as	SCONJ
cblr-2976	181	33	i	i	PRON
cblr-2976	181	34	noted	note	VERB
cblr-2976	181	35	,	,	PUNCT
cblr-2976	181	36	focuses	focus	VERB
cblr-2976	181	37	on	on	ADP
cblr-2976	181	38	a	a	DET
cblr-2976	181	39	clear	clear	ADJ
cblr-2976	181	40	specification	specification	NOUN
cblr-2976	181	41	of	of	ADP
cblr-2976	181	42	the	the	DET
cblr-2976	181	43	mechanism	mechanism	NOUN
cblr-2976	181	44	of	of	ADP
cblr-2976	181	45	coordination	coordination	NOUN
cblr-2976	181	46	.	.	PUNCT
cblr-2976	182	1	iv	iv	X
cblr-2976	182	2	.	.	PUNCT
cblr-2976	183	1	recent	recent	ADJ
cblr-2976	183	2	development	development	NOUN
cblr-2976	183	3	in	in	ADP
cblr-2976	183	4	coordinated	coordinate	VERB
cblr-2976	183	5	effects	effect	NOUN
cblr-2976	183	6	economics	economic	NOUN
cblr-2976	183	7	there	there	ADV
cblr-2976	183	8	have	have	AUX
cblr-2976	183	9	been	be	AUX
cblr-2976	183	10	several	several	ADJ
cblr-2976	183	11	interesting	interesting	ADJ
cblr-2976	183	12	new	new	ADJ
cblr-2976	183	13	analytical	analytical	ADJ
cblr-2976	183	14	breakthroughs	breakthrough	NOUN
cblr-2976	183	15	in	in	ADP
cblr-2976	183	16	the	the	DET
cblr-2976	183	17	economic	economic	ADJ
cblr-2976	183	18	analysis	analysis	NOUN
cblr-2976	183	19	of	of	ADP
cblr-2976	183	20	coordinated	coordinate	VERB
cblr-2976	183	21	effects	effect	NOUN
cblr-2976	183	22	.	.	PUNCT
cblr-2976	184	1	this	this	DET
cblr-2976	184	2	theoretical	theoretical	ADJ
cblr-2976	184	3	literature	literature	NOUN
cblr-2976	184	4	explains	explain	VERB
cblr-2976	184	5	how	how	SCONJ
cblr-2976	184	6	the	the	DET
cblr-2976	184	7	complexity	complexity	NOUN
cblr-2976	184	8	and	and	CCONJ
cblr-2976	184	9	volatility	volatility	NOUN
cblr-2976	184	10	of	of	ADP
cblr-2976	184	11	profit	profit	NOUN
cblr-2976	184	12	-	-	PUNCT
cblr-2976	184	13	maximizing	maximize	VERB
cblr-2976	184	14	business	business	NOUN
cblr-2976	184	15	strategies	strategy	NOUN
cblr-2976	184	16	can	can	AUX
cblr-2976	184	17	impede	impede	VERB
cblr-2976	184	18	preand	preand	VERB
cblr-2976	184	19	post	post	ADJ
cblr-2976	184	20	-	-	ADJ
cblr-2976	184	21	merger	merger	ADJ
cblr-2976	184	22	coordination	coordination	NOUN
cblr-2976	184	23	.	.	PUNCT
cblr-2976	185	1	4	4	NUM
cblr-2976	185	2	if	if	SCONJ
cblr-2976	185	3	the	the	DET
cblr-2976	185	4	profit	profit	NOUN
cblr-2976	185	5	-	-	PUNCT
cblr-2976	185	6	maximizing	maximize	VERB
cblr-2976	185	7	monopolist	monopolist	NOUN
cblr-2976	185	8	acting	act	VERB
cblr-2976	185	9	alone	alone	ADV
cblr-2976	185	10	in	in	ADP
cblr-2976	185	11	the	the	DET
cblr-2976	185	12	marketplace	marketplace	NOUN
cblr-2976	185	13	would	would	AUX
cblr-2976	185	14	have	have	VERB
cblr-2976	185	15	to	to	PART
cblr-2976	185	16	deploy	deploy	VERB
cblr-2976	185	17	complex	complex	ADJ
cblr-2976	185	18	business	business	NOUN
cblr-2976	185	19	strategies	strategy	NOUN
cblr-2976	185	20	-	-	PUNCT
cblr-2976	185	21	such	such	ADJ
cblr-2976	185	22	as	as	ADP
cblr-2976	185	23	advertising	advertising	NOUN
cblr-2976	185	24	,	,	PUNCT
cblr-2976	185	25	investment	investment	NOUN
cblr-2976	185	26	,	,	PUNCT
cblr-2976	185	27	pricing	pricing	NOUN
cblr-2976	185	28	,	,	PUNCT
cblr-2976	185	29	and	and	CCONJ
cblr-2976	185	30	r&d	r&d	NOUN
cblr-2976	185	31	strategies	strategy	NOUN
cblr-2976	185	32	-	-	PUNCT
cblr-2976	185	33	and	and	CCONJ
cblr-2976	185	34	the	the	DET
cblr-2976	185	35	marketplace	marketplace	NOUN
cblr-2976	185	36	is	be	AUX
cblr-2976	185	37	subject	subject	ADJ
cblr-2976	185	38	to	to	ADP
cblr-2976	185	39	significant	significant	ADJ
cblr-2976	185	40	volatility	volatility	NOUN
cblr-2976	185	41	,	,	PUNCT
cblr-2976	185	42	then	then	ADV
cblr-2976	185	43	such	such	DET
cblr-2976	185	44	a	a	DET
cblr-2976	185	45	monopolist	monopolist	NOUN
cblr-2976	185	46	must	must	AUX
cblr-2976	185	47	have	have	VERB
cblr-2976	185	48	the	the	DET
cblr-2976	185	49	ability	ability	NOUN
cblr-2976	185	50	to	to	PART
cblr-2976	185	51	adjust	adjust	VERB
cblr-2976	185	52	its	its	PRON
cblr-2976	185	53	behavior	behavior	NOUN
cblr-2976	185	54	frequently	frequently	ADV
cblr-2976	185	55	,	,	PUNCT
cblr-2976	185	56	possibly	possibly	ADV
cblr-2976	185	57	even	even	ADV
cblr-2976	185	58	on	on	ADP
cblr-2976	185	59	a	a	DET
cblr-2976	185	60	day	day	NOUN
cblr-2976	185	61	-	-	PUNCT
cblr-2976	185	62	to	to	ADP
cblr-2976	185	63	-	-	PUNCT
cblr-2976	185	64	day	day	NOUN
cblr-2976	185	65	basis	basis	NOUN
cblr-2976	185	66	.	.	PUNCT
cblr-2976	186	1	the	the	DET
cblr-2976	186	2	problem	problem	NOUN
cblr-2976	186	3	this	this	PRON
cblr-2976	186	4	creates	create	VERB
cblr-2976	186	5	for	for	ADP
cblr-2976	186	6	incentives	incentive	NOUN
cblr-2976	186	7	for	for	ADP
cblr-2976	186	8	collusion	collusion	NOUN
cblr-2976	186	9	and	and	CCONJ
cblr-2976	186	10	for	for	ADP
cblr-2976	186	11	its	its	PRON
cblr-2976	186	12	sustainability	sustainability	NOUN
cblr-2976	186	13	is	be	AUX
cblr-2976	186	14	obvious	obvious	ADJ
cblr-2976	186	15	:	:	PUNCT
cblr-2976	186	16	if	if	SCONJ
cblr-2976	186	17	profitmaximization	profitmaximization	NOUN
cblr-2976	186	18	requires	require	VERB
cblr-2976	186	19	behavioral	behavioral	ADJ
cblr-2976	186	20	flexibility	flexibility	NOUN
cblr-2976	186	21	,	,	PUNCT
cblr-2976	186	22	then	then	ADV
cblr-2976	186	23	,	,	PUNCT
cblr-2976	186	24	when	when	SCONJ
cblr-2976	186	25	a	a	DET
cblr-2976	186	26	given	give	VERB
cblr-2976	186	27	firm	firm	NOUN
cblr-2976	186	28	makes	make	VERB
cblr-2976	186	29	those	those	DET
cblr-2976	186	30	adjustments	adjustment	NOUN
cblr-2976	186	31	to	to	ADP
cblr-2976	186	32	its	its	PRON
cblr-2976	186	33	behavior	behavior	NOUN
cblr-2976	186	34	,	,	PUNCT
cblr-2976	186	35	its	its	PRON
cblr-2976	186	36	rivals	rival	NOUN
cblr-2976	186	37	mechanism	mechanism	NOUN
cblr-2976	186	38	of	of	ADP
cblr-2976	186	39	tacit	tacit	ADJ
cblr-2976	186	40	coordination	coordination	NOUN
cblr-2976	186	41	that	that	PRON
cblr-2976	186	42	is	be	AUX
cblr-2976	186	43	most	most	ADV
cblr-2976	186	44	strongly	strongly	ADV
cblr-2976	186	45	supported	support	VERB
cblr-2976	186	46	by	by	ADP
cblr-2976	186	47	the	the	DET
cblr-2976	186	48	evidence	evidence	NOUN
cblr-2976	186	49	is	be	AUX
cblr-2976	186	50	a	a	DET
cblr-2976	186	51	form	form	NOUN
cblr-2976	186	52	of	of	ADP
cblr-2976	186	53	output	output	NOUN
cblr-2976	186	54	restriction	restriction	NOUN
cblr-2976	186	55	"	"	PUNCT
cblr-2976	186	56	)	)	PUNCT
cblr-2976	186	57	.	.	PUNCT
cblr-2976	187	1	24	24	NUM
cblr-2976	187	2	see	see	VERB
cblr-2976	187	3	susan	susan	PROPN
cblr-2976	187	4	athey	athey	PROPN
cblr-2976	187	5	et	et	PROPN
cblr-2976	187	6	al	al	PROPN
cblr-2976	187	7	.	.	PROPN
cblr-2976	187	8	,	,	PUNCT
cblr-2976	187	9	collusion	collusion	NOUN
cblr-2976	187	10	and	and	CCONJ
cblr-2976	187	11	price	price	NOUN
cblr-2976	187	12	rigidity	rigidity	NOUN
cblr-2976	187	13	,	,	PUNCT
cblr-2976	187	14	71	71	NUM
cblr-2976	187	15	rev	rev	X
cblr-2976	187	16	.	.	PROPN
cblr-2976	187	17	econ	econ	PROPN
cblr-2976	187	18	.	.	PUNCT
cblr-2976	187	19	stud	stud	PROPN
cblr-2976	187	20	.	.	PUNCT
cblr-2976	188	1	317	317	NUM
cblr-2976	188	2	(	(	PUNCT
cblr-2976	188	3	2004	2004	NUM
cblr-2976	188	4	)	)	PUNCT
cblr-2976	188	5	;	;	PUNCT
cblr-2976	188	6	s.	s.	PROPN
cblr-2976	188	7	athey	athey	PROPN
cblr-2976	188	8	&	&	CCONJ
cblr-2976	188	9	k.	k.	PROPN
cblr-2976	188	10	bagwell	bagwell	PROPN
cblr-2976	188	11	,	,	PUNCT
cblr-2976	188	12	collusion	collusion	NOUN
cblr-2976	188	13	with	with	ADP
cblr-2976	188	14	private	private	ADJ
cblr-2976	188	15	information	information	NOUN
cblr-2976	188	16	,	,	PUNCT
cblr-2976	188	17	32	32	NUM
cblr-2976	188	18	rand	rand	NOUN
cblr-2976	188	19	j.	j.	PROPN
cblr-2976	188	20	econ	econ	PROPN
cblr-2976	188	21	.	.	PUNCT
cblr-2976	189	1	428	428	NUM
cblr-2976	189	2	(	(	PUNCT
cblr-2976	189	3	2001	2001	NUM
cblr-2976	189	4	)	)	PUNCT
cblr-2976	189	5	.	.	PUNCT
cblr-2976	190	1	for	for	ADP
cblr-2976	190	2	older	old	ADJ
cblr-2976	190	3	but	but	CCONJ
cblr-2976	190	4	insightful	insightful	ADJ
cblr-2976	190	5	analysis	analysis	NOUN
cblr-2976	190	6	,	,	PUNCT
cblr-2976	190	7	see	see	VERB
cblr-2976	190	8	also	also	ADV
cblr-2976	190	9	l.	l.	PROPN
cblr-2976	190	10	phlips	phlip	NOUN
cblr-2976	190	11	,	,	PUNCT
cblr-2976	190	12	competition	competition	NOUN
cblr-2976	190	13	policy	policy	NOUN
cblr-2976	190	14	:	:	PUNCT
cblr-2976	190	15	a	a	DET
cblr-2976	190	16	game	game	NOUN
cblr-2976	190	17	-	-	PUNCT
cblr-2976	190	18	theoretic	theoretic	NOUN
cblr-2976	190	19	perspective	perspective	NOUN
cblr-2976	190	20	(	(	PUNCT
cblr-2976	190	21	1995	1995	NUM
cblr-2976	190	22	)	)	PUNCT
cblr-2976	190	23	.	.	PUNCT
cblr-2976	191	1	may	may	AUX
cblr-2976	191	2	have	have	VERB
cblr-2976	191	3	a	a	DET
cblr-2976	191	4	difficult	difficult	ADJ
cblr-2976	191	5	time	time	NOUN
cblr-2976	191	6	distinguishing	distinguish	VERB
cblr-2976	191	7	"	"	PUNCT
cblr-2976	191	8	innocent	innocent	ADJ
cblr-2976	191	9	"	"	PUNCT
cblr-2976	191	10	strategic	strategic	ADJ
cblr-2976	191	11	adjustments	adjustment	NOUN
cblr-2976	191	12	from	from	ADP
cblr-2976	191	13	cheating	cheat	VERB
cblr-2976	191	14	(	(	PUNCT
cblr-2976	191	15	that	that	PRON
cblr-2976	191	16	is	is	ADV
cblr-2976	191	17	,	,	PUNCT
cblr-2976	191	18	deviations	deviation	NOUN
cblr-2976	191	19	from	from	ADP
cblr-2976	191	20	collusion	collusion	NOUN
cblr-2976	191	21	)	)	PUNCT
cblr-2976	191	22	.	.	PUNCT
cblr-2976	192	1	if	if	SCONJ
cblr-2976	192	2	rivals	rival	NOUN
cblr-2976	192	3	can	can	AUX
cblr-2976	192	4	not	not	PART
cblr-2976	192	5	predict	predict	VERB
cblr-2976	192	6	or	or	CCONJ
cblr-2976	192	7	effectively	effectively	ADV
cblr-2976	192	8	"	"	PUNCT
cblr-2976	192	9	read	read	VERB
cblr-2976	192	10	"	"	PUNCT
cblr-2976	192	11	each	each	DET
cblr-2976	192	12	others	other	NOUN
cblr-2976	192	13	'	'	PART
cblr-2976	192	14	profit	profit	NOUN
cblr-2976	192	15	-	-	PUNCT
cblr-2976	192	16	maximizing	maximize	VERB
cblr-2976	192	17	strategies	strategy	NOUN
cblr-2976	192	18	,	,	PUNCT
cblr-2976	192	19	they	they	PRON
cblr-2976	192	20	may	may	AUX
cblr-2976	192	21	be	be	AUX
cblr-2976	192	22	compelled	compel	VERB
cblr-2976	192	23	to	to	ADP
cblr-2976	192	24	forego	forego	ADJ
cblr-2976	192	25	flexibility	flexibility	NOUN
cblr-2976	192	26	and	and	CCONJ
cblr-2976	192	27	adopt	adopt	VERB
cblr-2976	192	28	simpler	simple	ADJ
cblr-2976	192	29	behavioral	behavioral	ADJ
cblr-2976	192	30	strategies	strategy	NOUN
cblr-2976	192	31	in	in	ADP
cblr-2976	192	32	order	order	NOUN
cblr-2976	192	33	to	to	PART
cblr-2976	192	34	secure	secure	VERB
cblr-2976	192	35	some	some	PRON
cblr-2976	192	36	,	,	PUNCT
cblr-2976	192	37	perhaps	perhaps	ADV
cblr-2976	192	38	only	only	ADV
cblr-2976	192	39	limited	limited	ADJ
cblr-2976	192	40	,	,	PUNCT
cblr-2976	192	41	coordination	coordination	NOUN
cblr-2976	192	42	.	.	PUNCT
cblr-2976	193	1	yet	yet	ADV
cblr-2976	193	2	simple	simple	ADJ
cblr-2976	193	3	,	,	PUNCT
cblr-2976	193	4	stable	stable	ADJ
cblr-2976	193	5	,	,	PUNCT
cblr-2976	193	6	and	and	CCONJ
cblr-2976	193	7	predictable	predictable	ADJ
cblr-2976	193	8	strategies	strategy	NOUN
cblr-2976	193	9	are	be	AUX
cblr-2976	193	10	likely	likely	ADJ
cblr-2976	193	11	to	to	PART
cblr-2976	193	12	be	be	AUX
cblr-2976	193	13	far	far	ADV
cblr-2976	193	14	from	from	ADP
cblr-2976	193	15	profit	profit	NOUN
cblr-2976	193	16	-	-	PUNCT
cblr-2976	193	17	maximizing	maximize	VERB
cblr-2976	193	18	.	.	PUNCT
cblr-2976	194	1	hence	hence	ADV
cblr-2976	194	2	,	,	PUNCT
cblr-2976	194	3	if	if	SCONJ
cblr-2976	194	4	these	these	DET
cblr-2976	194	5	strategies	strategy	NOUN
cblr-2976	194	6	were	be	AUX
cblr-2976	194	7	to	to	PART
cblr-2976	194	8	be	be	AUX
cblr-2976	194	9	adopted	adopt	VERB
cblr-2976	194	10	,	,	PUNCT
cblr-2976	194	11	gains	gain	NOUN
cblr-2976	194	12	from	from	ADP
cblr-2976	194	13	cooperation	cooperation	NOUN
cblr-2976	194	14	would	would	AUX
cblr-2976	194	15	be	be	AUX
cblr-2976	194	16	limited	limit	VERB
cblr-2976	194	17	at	at	ADP
cblr-2976	194	18	stabilized	stabilize	VERB
cblr-2976	194	19	prices	price	NOUN
cblr-2976	194	20	relative	relative	ADJ
cblr-2976	194	21	to	to	ADP
cblr-2976	194	22	the	the	DET
cblr-2976	194	23	benefits	benefit	NOUN
cblr-2976	194	24	of	of	ADP
cblr-2976	194	25	strategic	strategic	ADJ
cblr-2976	194	26	flexibility	flexibility	NOUN
cblr-2976	194	27	.	.	PUNCT
cblr-2976	194	28	"	"	PUNCT
cblr-2976	195	1	at	at	ADP
cblr-2976	195	2	the	the	DET
cblr-2976	195	3	same	same	ADJ
cblr-2976	195	4	time	time	NOUN
cblr-2976	195	5	,	,	PUNCT
cblr-2976	195	6	deviation	deviation	NOUN
cblr-2976	195	7	profits	profit	NOUN
cblr-2976	195	8	may	may	AUX
cblr-2976	195	9	increase	increase	VERB
cblr-2976	195	10	.	.	PUNCT
cblr-2976	196	1	there	there	PRON
cblr-2976	196	2	is	be	VERB
cblr-2976	196	3	thus	thus	ADV
cblr-2976	196	4	a	a	DET
cblr-2976	196	5	complex	complex	ADJ
cblr-2976	196	6	tradeoff	tradeoff	NOUN
cblr-2976	196	7	for	for	ADP
cblr-2976	196	8	the	the	DET
cblr-2976	196	9	putative	putative	ADJ
cblr-2976	196	10	colluders	colluder	NOUN
cblr-2976	196	11	between	between	ADP
cblr-2976	196	12	the	the	DET
cblr-2976	196	13	costs	cost	NOUN
cblr-2976	196	14	of	of	ADP
cblr-2976	196	15	simplifying	simplify	VERB
cblr-2976	196	16	their	their	PRON
cblr-2976	196	17	behavioral	behavioral	ADJ
cblr-2976	196	18	rules	rule	NOUN
cblr-2976	196	19	to	to	PART
cblr-2976	196	20	achieve	achieve	VERB
cblr-2976	196	21	coordination	coordination	NOUN
cblr-2976	196	22	that	that	PRON
cblr-2976	196	23	can	can	AUX
cblr-2976	196	24	be	be	AUX
cblr-2976	196	25	readily	readily	ADV
cblr-2976	196	26	monitored	monitor	VERB
cblr-2976	196	27	and	and	CCONJ
cblr-2976	196	28	the	the	DET
cblr-2976	196	29	gains	gain	NOUN
cblr-2976	196	30	from	from	ADP
cblr-2976	196	31	coordination	coordination	NOUN
cblr-2976	196	32	.	.	PUNCT
cblr-2976	197	1	indeed	indeed	ADV
cblr-2976	197	2	,	,	PUNCT
cblr-2976	197	3	the	the	PRON
cblr-2976	197	4	more	more	ADV
cblr-2976	197	5	the	the	DET
cblr-2976	197	6	profit	profit	NOUN
cblr-2976	197	7	-	-	PUNCT
cblr-2976	197	8	maximizing	maximize	VERB
cblr-2976	197	9	behavioral	behavioral	ADJ
cblr-2976	197	10	rules	rule	NOUN
cblr-2976	197	11	have	have	VERB
cblr-2976	197	12	to	to	PART
cblr-2976	197	13	be	be	AUX
cblr-2976	197	14	bent	bent	ADJ
cblr-2976	197	15	to	to	ADP
cblr-2976	197	16	the	the	DET
cblr-2976	197	17	objectives	objective	NOUN
cblr-2976	197	18	of	of	ADP
cblr-2976	197	19	facilitating	facilitate	VERB
cblr-2976	197	20	tacit	tacit	ADJ
cblr-2976	197	21	coordination	coordination	NOUN
cblr-2976	197	22	,	,	PUNCT
cblr-2976	197	23	the	the	PRON
cblr-2976	197	24	less	less	ADV
cblr-2976	197	25	likely	likely	ADJ
cblr-2976	197	26	it	it	PRON
cblr-2976	197	27	is	be	AUX
cblr-2976	197	28	that	that	SCONJ
cblr-2976	197	29	a	a	DET
cblr-2976	197	30	simple	simple	ADJ
cblr-2976	197	31	coordination	coordination	NOUN
cblr-2976	197	32	mechanism	mechanism	NOUN
cblr-2976	197	33	can	can	AUX
cblr-2976	197	34	be	be	AUX
cblr-2976	197	35	designed	design	VERB
cblr-2976	197	36	that	that	PRON
cblr-2976	197	37	would	would	AUX
cblr-2976	197	38	enable	enable	VERB
cblr-2976	197	39	the	the	DET
cblr-2976	197	40	potential	potential	ADJ
cblr-2976	197	41	colluders	colluder	NOUN
cblr-2976	197	42	to	to	PART
cblr-2976	197	43	agree	agree	VERB
cblr-2976	197	44	on	on	ADP
cblr-2976	197	45	such	such	ADJ
cblr-2976	197	46	strategies	strategy	NOUN
cblr-2976	197	47	and	and	CCONJ
cblr-2976	197	48	maintain	maintain	VERB
cblr-2976	197	49	them	they	PRON
cblr-2976	197	50	in	in	ADP
cblr-2976	197	51	the	the	DET
cblr-2976	197	52	face	face	NOUN
cblr-2976	197	53	of	of	ADP
cblr-2976	197	54	changing	change	VERB
cblr-2976	197	55	market	market	NOUN
cblr-2976	197	56	conditions	condition	NOUN
cblr-2976	197	57	.	.	PUNCT
cblr-2976	198	1	several	several	ADJ
cblr-2976	198	2	recent	recent	ADJ
cblr-2976	198	3	merger	merger	NOUN
cblr-2976	198	4	analyses	analysis	NOUN
cblr-2976	198	5	have	have	AUX
cblr-2976	198	6	put	put	VERB
cblr-2976	198	7	new	new	ADJ
cblr-2976	198	8	analytical	analytical	ADJ
cblr-2976	198	9	focus	focus	NOUN
cblr-2976	198	10	on	on	ADP
cblr-2976	198	11	the	the	DET
cblr-2976	198	12	importance	importance	NOUN
cblr-2976	198	13	of	of	ADP
cblr-2976	198	14	pricing	price	VERB
cblr-2976	198	15	heterogeneity	heterogeneity	NOUN
cblr-2976	198	16	for	for	ADP
cblr-2976	198	17	the	the	DET
cblr-2976	198	18	likelihood	likelihood	NOUN
cblr-2976	198	19	of	of	ADP
cblr-2976	198	20	coordinated	coordinate	VERB
cblr-2976	198	21	effects	effect	NOUN
cblr-2976	198	22	.	.	PUNCT
cblr-2976	199	1	three	three	NUM
cblr-2976	199	2	cases	case	NOUN
cblr-2976	199	3	in	in	ADP
cblr-2976	199	4	which	which	PRON
cblr-2976	199	5	this	this	DET
cblr-2976	199	6	author	author	NOUN
cblr-2976	199	7	was	be	AUX
cblr-2976	199	8	involved	involve	VERB
cblr-2976	199	9	exhibit	exhibit	VERB
cblr-2976	199	10	the	the	DET
cblr-2976	199	11	perils	peril	NOUN
cblr-2976	199	12	of	of	ADP
cblr-2976	199	13	complexity	complexity	NOUN
cblr-2976	199	14	:	:	PUNCT
cblr-2976	199	15	sonybmg	sonybmg	NOUN
cblr-2976	199	16	,	,	PUNCT
cblr-2976	199	17	carnival	carnival	NOUN
cblr-2976	199	18	cruise	cruise	NOUN
cblr-2976	199	19	lines	line	NOUN
cblr-2976	199	20	,	,	PUNCT
cblr-2976	199	21	and	and	CCONJ
cblr-2976	199	22	mgm	mgm	PROPN
cblr-2976	199	23	-	-	PUNCT
cblr-2976	199	24	mandalay	mandalay	PROPN
cblr-2976	199	25	bay	bay	NOUN
cblr-2976	199	26	.	.	PUNCT
cblr-2976	200	1	this	this	DET
cblr-2976	200	2	section	section	NOUN
cblr-2976	200	3	will	will	AUX
cblr-2976	200	4	close	close	VERB
cblr-2976	200	5	with	with	ADP
cblr-2976	200	6	a	a	DET
cblr-2976	200	7	brief	brief	ADJ
cblr-2976	200	8	discussion	discussion	NOUN
cblr-2976	200	9	of	of	ADP
cblr-2976	200	10	the	the	DET
cblr-2976	200	11	arch	arch	ADJ
cblr-2976	200	12	coal	coal	NOUN
cblr-2976	200	13	case	case	NOUN
cblr-2976	200	14	,	,	PUNCT
cblr-2976	200	15	which	which	PRON
cblr-2976	200	16	put	put	VERB
cblr-2976	200	17	the	the	DET
cblr-2976	200	18	issue	issue	NOUN
cblr-2976	200	19	of	of	ADP
cblr-2976	200	20	coordination	coordination	NOUN
cblr-2976	200	21	mechanisms	mechanism	NOUN
cblr-2976	200	22	at	at	ADP
cblr-2976	200	23	center	center	ADJ
cblr-2976	200	24	stage	stage	NOUN
cblr-2976	200	25	.	.	PUNCT
cblr-2976	201	1	the	the	DET
cblr-2976	201	2	sony	sony	PROPN
cblr-2976	201	3	-	-	PUNCT
cblr-2976	201	4	bmg	bmg	PROPN
cblr-2976	201	5	transaction26	transaction26	NOUN
cblr-2976	201	6	received	receive	VERB
cblr-2976	201	7	very	very	ADV
cblr-2976	201	8	intensive	intensive	ADJ
cblr-2976	201	9	scrutiny	scrutiny	NOUN
cblr-2976	201	10	in	in	ADP
cblr-2976	201	11	the	the	DET
cblr-2976	201	12	eu	eu	PROPN
cblr-2976	201	13	.	.	PUNCT
cblr-2976	202	1	the	the	DET
cblr-2976	202	2	eu	eu	PROPN
cblr-2976	202	3	investigation	investigation	NOUN
cblr-2976	202	4	entailed	entail	VERB
cblr-2976	202	5	numerous	numerous	ADJ
cblr-2976	202	6	meetings	meeting	NOUN
cblr-2976	202	7	with	with	ADP
cblr-2976	202	8	the	the	DET
cblr-2976	202	9	legal	legal	ADJ
cblr-2976	202	10	staff	staff	NOUN
cblr-2976	202	11	and	and	CCONJ
cblr-2976	202	12	economists	economist	NOUN
cblr-2976	202	13	from	from	ADP
cblr-2976	202	14	the	the	DET
cblr-2976	202	15	office	office	NOUN
cblr-2976	202	16	of	of	ADP
cblr-2976	202	17	the	the	DET
cblr-2976	202	18	chief	chief	ADJ
cblr-2976	202	19	economist	economist	NOUN
cblr-2976	202	20	,	,	PUNCT
cblr-2976	202	21	as	as	ADV
cblr-2976	202	22	well	well	ADV
cblr-2976	202	23	as	as	ADP
cblr-2976	202	24	a	a	DET
cblr-2976	202	25	two	two	NUM
cblr-2976	202	26	-	-	PUNCT
cblr-2976	202	27	day	day	NOUN
cblr-2976	202	28	hearing	hearing	NOUN
cblr-2976	202	29	.	.	PUNCT
cblr-2976	203	1	the	the	DET
cblr-2976	203	2	case	case	NOUN
cblr-2976	203	3	entailed	entail	VERB
cblr-2976	203	4	enormous	enormous	ADJ
cblr-2976	203	5	data	datum	NOUN
cblr-2976	203	6	production	production	NOUN
cblr-2976	203	7	,	,	PUNCT
cblr-2976	203	8	including	include	VERB
cblr-2976	203	9	development	development	NOUN
cblr-2976	203	10	of	of	ADP
cblr-2976	203	11	new	new	ADJ
cblr-2976	203	12	data	datum	NOUN
cblr-2976	203	13	sets	set	NOUN
cblr-2976	203	14	and	and	CCONJ
cblr-2976	203	15	data	datum	NOUN
cblr-2976	203	16	cross	cross	NOUN
cblr-2976	203	17	-	-	NOUN
cblr-2976	203	18	verification	verification	ADJ
cblr-2976	203	19	2	2	NUM
cblr-2976	203	20	under	under	ADP
cblr-2976	203	21	the	the	DET
cblr-2976	203	22	conditions	condition	NOUN
cblr-2976	203	23	described	describe	VERB
cblr-2976	203	24	,	,	PUNCT
cblr-2976	203	25	firms	firm	NOUN
cblr-2976	203	26	may	may	AUX
cblr-2976	203	27	tacitly	tacitly	ADV
cblr-2976	203	28	agree	agree	VERB
cblr-2976	203	29	to	to	PART
cblr-2976	203	30	cooperate	cooperate	VERB
cblr-2976	203	31	before	before	SCONJ
cblr-2976	203	32	all	all	PRON
cblr-2976	203	33	of	of	ADP
cblr-2976	203	34	the	the	DET
cblr-2976	203	35	pertinent	pertinent	ADJ
cblr-2976	203	36	information	information	NOUN
cblr-2976	203	37	is	be	AUX
cblr-2976	203	38	revealed	reveal	VERB
cblr-2976	203	39	,	,	PUNCT
cblr-2976	203	40	but	but	CCONJ
cblr-2976	203	41	some	some	PRON
cblr-2976	203	42	may	may	AUX
cblr-2976	203	43	decide	decide	VERB
cblr-2976	203	44	to	to	PART
cblr-2976	203	45	cheat	cheat	VERB
cblr-2976	203	46	once	once	ADV
cblr-2976	203	47	certain	certain	ADJ
cblr-2976	203	48	types	type	NOUN
cblr-2976	203	49	of	of	ADP
cblr-2976	203	50	information	information	NOUN
cblr-2976	203	51	are	be	AUX
cblr-2976	203	52	revealed	reveal	VERB
cblr-2976	203	53	ex	ex	ADJ
cblr-2976	203	54	post	post	NOUN
cblr-2976	203	55	.	.	PROPN
cblr-2976	203	56	26	26	NUM
cblr-2976	203	57	see	see	VERB
cblr-2976	203	58	federal	federal	ADJ
cblr-2976	203	59	trade	trade	NOUN
cblr-2976	203	60	commission	commission	PROPN
cblr-2976	203	61	decision	decision	NOUN
cblr-2976	203	62	no	no	NOUN
cblr-2976	204	1	.	.	PUNCT
cblr-2976	204	2	4064189	4064189	NUM
cblr-2976	204	3	/	/	SYM
cblr-2976	204	4	eec	eec	PROPN
cblr-2976	204	5	(	(	PUNCT
cblr-2976	204	6	2004	2004	NUM
cblr-2976	204	7	)	)	PUNCT
cblr-2976	204	8	.	.	PUNCT
cblr-2976	205	1	col	col	PROPN
cblr-2976	205	2	umbia	umbia	PROPN
cblr-2976	205	3	b	b	PROPN
cblr-2976	205	4	usiness	usiness	PROPN
cblr-2976	205	5	la	la	PROPN
cblr-2976	205	6	w	w	PROPN
cblr-2976	205	7	re	re	PROPN
cblr-2976	205	8	vie	vie	PROPN
cblr-2976	205	9	w	w	PROPN
cblr-2976	206	1	[	[	X
cblr-2976	206	2	vol	vol	NOUN
cblr-2976	206	3	.	.	NOUN
cblr-2976	206	4	2007	2007	NUM
cblr-2976	207	1	no	no	NOUN
cblr-2976	207	2	.	.	PUNCT
cblr-2976	208	1	2:411	2:411	NUM
cblr-2976	208	2	]	]	PUNCT
cblr-2976	208	3	coordinated	coordinate	VERB
cblr-2976	208	4	effects	effect	NOUN
cblr-2976	208	5	in	in	ADP
cblr-2976	208	6	merger	merger	NOUN
cblr-2976	208	7	analysis	analysis	NOUN
cblr-2976	208	8	combined	combine	VERB
cblr-2976	208	9	with	with	ADP
cblr-2976	208	10	"	"	PUNCT
cblr-2976	208	11	technical	technical	ADJ
cblr-2976	208	12	"	"	PUNCT
cblr-2976	208	13	papers	paper	NOUN
cblr-2976	208	14	on	on	ADP
cblr-2976	208	15	the	the	DET
cblr-2976	208	16	economics	economic	NOUN
cblr-2976	208	17	of	of	ADP
cblr-2976	208	18	tacit	tacit	ADJ
cblr-2976	208	19	collusion	collusion	NOUN
cblr-2976	208	20	and	and	CCONJ
cblr-2976	208	21	its	its	PRON
cblr-2976	208	22	detection	detection	NOUN
cblr-2976	208	23	.	.	PUNCT
cblr-2976	209	1	the	the	DET
cblr-2976	209	2	intense	intense	ADJ
cblr-2976	209	3	scrutiny	scrutiny	NOUN
cblr-2976	209	4	in	in	ADP
cblr-2976	209	5	europe	europe	PROPN
cblr-2976	209	6	was	be	AUX
cblr-2976	209	7	due	due	ADJ
cblr-2976	209	8	in	in	ADP
cblr-2976	209	9	part	part	NOUN
cblr-2976	209	10	to	to	ADP
cblr-2976	209	11	the	the	DET
cblr-2976	209	12	case	case	NOUN
cblr-2976	209	13	team	team	NOUN
cblr-2976	209	14	's	's	PART
cblr-2976	209	15	notion	notion	NOUN
cblr-2976	209	16	as	as	SCONJ
cblr-2976	209	17	stated	state	VERB
cblr-2976	209	18	in	in	ADP
cblr-2976	209	19	the	the	DET
cblr-2976	209	20	statement	statement	NOUN
cblr-2976	209	21	of	of	ADP
cblr-2976	209	22	objections	objection	NOUN
cblr-2976	209	23	that	that	PRON
cblr-2976	209	24	the	the	DET
cblr-2976	209	25	industry	industry	NOUN
cblr-2976	209	26	was	be	AUX
cblr-2976	209	27	already	already	ADV
cblr-2976	209	28	tacitly	tacitly	ADV
cblr-2976	209	29	colluding	collude	VERB
cblr-2976	209	30	,	,	PUNCT
cblr-2976	209	31	and	and	CCONJ
cblr-2976	209	32	therefore	therefore	ADV
cblr-2976	209	33	the	the	DET
cblr-2976	209	34	transaction	transaction	NOUN
cblr-2976	209	35	would	would	AUX
cblr-2976	209	36	somehow	somehow	ADV
cblr-2976	209	37	make	make	VERB
cblr-2976	209	38	things	thing	NOUN
cblr-2976	209	39	worse.27	worse.27	VERB
cblr-2976	209	40	yet	yet	ADV
cblr-2976	209	41	,	,	PUNCT
cblr-2976	209	42	from	from	ADP
cblr-2976	209	43	my	my	PRON
cblr-2976	209	44	perspective	perspective	NOUN
cblr-2976	209	45	,	,	PUNCT
cblr-2976	209	46	there	there	PRON
cblr-2976	209	47	was	be	VERB
cblr-2976	209	48	little	little	ADJ
cblr-2976	209	49	evidence	evidence	NOUN
cblr-2976	209	50	that	that	SCONJ
cblr-2976	209	51	tacit	tacit	ADJ
cblr-2976	209	52	coordination	coordination	NOUN
cblr-2976	209	53	was	be	AUX
cblr-2976	209	54	already	already	ADV
cblr-2976	209	55	taking	take	VERB
cblr-2976	209	56	place	place	NOUN
cblr-2976	209	57	.	.	PUNCT
cblr-2976	210	1	indeed	indeed	ADV
cblr-2976	210	2	,	,	PUNCT
cblr-2976	210	3	it	it	PRON
cblr-2976	210	4	appears	appear	VERB
cblr-2976	210	5	that	that	SCONJ
cblr-2976	210	6	the	the	DET
cblr-2976	210	7	argument	argument	NOUN
cblr-2976	210	8	that	that	SCONJ
cblr-2976	210	9	tacit	tacit	ADJ
cblr-2976	210	10	coordination	coordination	NOUN
cblr-2976	210	11	in	in	ADP
cblr-2976	210	12	the	the	DET
cblr-2976	210	13	recorded	record	VERB
cblr-2976	210	14	music	music	NOUN
cblr-2976	210	15	industry	industry	NOUN
cblr-2976	210	16	was	be	AUX
cblr-2976	210	17	unlikely	unlikely	ADJ
cblr-2976	210	18	because	because	SCONJ
cblr-2976	210	19	of	of	ADP
cblr-2976	210	20	the	the	DET
cblr-2976	210	21	hit	hit	NOUN
cblr-2976	210	22	-	-	PUNCT
cblr-2976	210	23	driven	drive	VERB
cblr-2976	210	24	and	and	CCONJ
cblr-2976	210	25	unpredictable	unpredictable	ADJ
cblr-2976	210	26	nature	nature	NOUN
cblr-2976	210	27	of	of	ADP
cblr-2976	210	28	the	the	DET
cblr-2976	210	29	business	business	NOUN
cblr-2976	210	30	,	,	PUNCT
cblr-2976	210	31	which	which	PRON
cblr-2976	210	32	necessitates	necessitate	VERB
cblr-2976	210	33	flexible	flexible	ADJ
cblr-2976	210	34	,	,	PUNCT
cblr-2976	210	35	complex	complex	ADJ
cblr-2976	210	36	,	,	PUNCT
cblr-2976	210	37	and	and	CCONJ
cblr-2976	210	38	adaptive	adaptive	ADJ
cblr-2976	210	39	business	business	NOUN
cblr-2976	210	40	strategies	strategy	NOUN
cblr-2976	210	41	that	that	PRON
cblr-2976	210	42	are	be	AUX
cblr-2976	210	43	tailored	tailor	VERB
cblr-2976	210	44	to	to	ADP
cblr-2976	210	45	individual	individual	ADJ
cblr-2976	210	46	releases	release	NOUN
cblr-2976	210	47	and	and	CCONJ
cblr-2976	210	48	buyers	buyer	NOUN
cblr-2976	210	49	over	over	ADP
cblr-2976	210	50	time	time	NOUN
cblr-2976	210	51	found	find	VERB
cblr-2976	210	52	some	some	DET
cblr-2976	210	53	receptivity	receptivity	NOUN
cblr-2976	210	54	at	at	ADP
cblr-2976	210	55	the	the	DET
cblr-2976	210	56	commission	commission	NOUN
cblr-2976	210	57	,	,	PUNCT
cblr-2976	210	58	given	give	VERB
cblr-2976	210	59	that	that	SCONJ
cblr-2976	210	60	the	the	DET
cblr-2976	210	61	transaction	transaction	NOUN
cblr-2976	210	62	was	be	AUX
cblr-2976	210	63	ultimately	ultimately	ADV
cblr-2976	210	64	cleared	clear	VERB
cblr-2976	210	65	.	.	PUNCT
cblr-2976	211	1	in	in	ADP
cblr-2976	211	2	the	the	DET
cblr-2976	211	3	music	music	NOUN
cblr-2976	211	4	business	business	NOUN
cblr-2976	211	5	,	,	PUNCT
cblr-2976	211	6	the	the	DET
cblr-2976	211	7	ratio	ratio	NOUN
cblr-2976	211	8	of	of	ADP
cblr-2976	211	9	hits	hit	NOUN
cblr-2976	211	10	to	to	ADP
cblr-2976	211	11	misses	miss	VERB
cblr-2976	211	12	is	be	AUX
cblr-2976	211	13	very	very	ADV
cblr-2976	211	14	low	low	ADJ
cblr-2976	211	15	,	,	PUNCT
cblr-2976	211	16	just	just	ADV
cblr-2976	211	17	a	a	DET
cblr-2976	211	18	few	few	ADJ
cblr-2976	211	19	out	out	ADP
cblr-2976	211	20	of	of	ADP
cblr-2976	211	21	every	every	DET
cblr-2976	211	22	100	100	NUM
cblr-2976	211	23	.	.	PUNCT
cblr-2976	212	1	as	as	ADP
cblr-2976	212	2	a	a	DET
cblr-2976	212	3	result	result	NOUN
cblr-2976	212	4	,	,	PUNCT
cblr-2976	212	5	when	when	SCONJ
cblr-2976	212	6	a	a	DET
cblr-2976	212	7	release	release	NOUN
cblr-2976	212	8	is	be	AUX
cblr-2976	212	9	a	a	DET
cblr-2976	212	10	hit	hit	NOUN
cblr-2976	212	11	,	,	PUNCT
cblr-2976	212	12	the	the	DET
cblr-2976	212	13	firm	firm	NOUN
cblr-2976	212	14	has	have	VERB
cblr-2976	212	15	a	a	DET
cblr-2976	212	16	strong	strong	ADJ
cblr-2976	212	17	incentive	incentive	NOUN
cblr-2976	212	18	to	to	PART
cblr-2976	212	19	support	support	VERB
cblr-2976	212	20	it	it	PRON
cblr-2976	212	21	fully	fully	ADV
cblr-2976	212	22	with	with	ADP
cblr-2976	212	23	a	a	DET
cblr-2976	212	24	lot	lot	NOUN
cblr-2976	212	25	of	of	ADP
cblr-2976	212	26	advertising	advertising	NOUN
cblr-2976	212	27	and	and	CCONJ
cblr-2976	212	28	promotion	promotion	NOUN
cblr-2976	212	29	resources	resource	NOUN
cblr-2976	212	30	and	and	CCONJ
cblr-2976	212	31	possibly	possibly	ADV
cblr-2976	212	32	even	even	ADV
cblr-2976	212	33	with	with	ADP
cblr-2976	212	34	price	price	NOUN
cblr-2976	212	35	cuts	cut	NOUN
cblr-2976	212	36	when	when	SCONJ
cblr-2976	212	37	the	the	DET
cblr-2976	212	38	release	release	NOUN
cblr-2976	212	39	begins	begin	VERB
cblr-2976	212	40	to	to	PART
cblr-2976	212	41	slow	slow	VERB
cblr-2976	212	42	its	its	PRON
cblr-2976	212	43	sales	sale	NOUN
cblr-2976	212	44	pace	pace	NOUN
cblr-2976	212	45	.	.	PUNCT
cblr-2976	213	1	coordination	coordination	NOUN
cblr-2976	213	2	thus	thus	ADV
cblr-2976	213	3	becomes	become	VERB
cblr-2976	213	4	very	very	ADV
cblr-2976	213	5	difficult	difficult	ADJ
cblr-2976	213	6	.	.	PUNCT
cblr-2976	214	1	the	the	DET
cblr-2976	214	2	biggest	big	ADJ
cblr-2976	214	3	bone	bone	NOUN
cblr-2976	214	4	of	of	ADP
cblr-2976	214	5	contention	contention	NOUN
cblr-2976	214	6	between	between	ADP
cblr-2976	214	7	the	the	DET
cblr-2976	214	8	parties	party	NOUN
cblr-2976	214	9	and	and	CCONJ
cblr-2976	214	10	the	the	DET
cblr-2976	214	11	commission	commission	NOUN
cblr-2976	214	12	was	be	AUX
cblr-2976	214	13	whether	whether	SCONJ
cblr-2976	214	14	evolution	evolution	NOUN
cblr-2976	214	15	of	of	ADP
cblr-2976	214	16	pricing	pricing	NOUN
cblr-2976	214	17	for	for	ADP
cblr-2976	214	18	the	the	DET
cblr-2976	214	19	releases	release	NOUN
cblr-2976	214	20	demonstrated	demonstrate	VERB
cblr-2976	214	21	a	a	DET
cblr-2976	214	22	sufficient	sufficient	ADJ
cblr-2976	214	23	degree	degree	NOUN
cblr-2976	214	24	of	of	ADP
cblr-2976	214	25	price	price	NOUN
cblr-2976	214	26	parallelism	parallelism	NOUN
cblr-2976	214	27	to	to	PART
cblr-2976	214	28	suggest	suggest	VERB
cblr-2976	214	29	that	that	SCONJ
cblr-2976	214	30	some	some	DET
cblr-2976	214	31	coordination	coordination	NOUN
cblr-2976	214	32	was	be	AUX
cblr-2976	214	33	taking	take	VERB
cblr-2976	214	34	place	place	NOUN
cblr-2976	214	35	and	and	CCONJ
cblr-2976	214	36	could	could	AUX
cblr-2976	214	37	continue	continue	VERB
cblr-2976	214	38	to	to	PART
cblr-2976	214	39	take	take	VERB
cblr-2976	214	40	place	place	NOUN
cblr-2976	214	41	.	.	PUNCT
cblr-2976	215	1	figure	figure	VERB
cblr-2976	215	2	3	3	NUM
cblr-2976	215	3	offers	offer	VERB
cblr-2976	215	4	a	a	DET
cblr-2976	215	5	stylized	stylize	VERB
cblr-2976	215	6	view	view	NOUN
cblr-2976	215	7	of	of	ADP
cblr-2976	215	8	pricing	pricing	NOUN
cblr-2976	215	9	in	in	ADP
cblr-2976	215	10	the	the	DET
cblr-2976	215	11	record	record	NOUN
cblr-2976	215	12	industry	industry	NOUN
cblr-2976	215	13	and	and	CCONJ
cblr-2976	215	14	suggests	suggest	VERB
cblr-2976	215	15	that	that	SCONJ
cblr-2976	215	16	,	,	PUNCT
cblr-2976	215	17	in	in	ADP
cblr-2976	215	18	fact	fact	NOUN
cblr-2976	215	19	,	,	PUNCT
cblr-2976	215	20	there	there	PRON
cblr-2976	215	21	was	be	VERB
cblr-2976	215	22	little	little	ADJ
cblr-2976	215	23	evidence	evidence	NOUN
cblr-2976	215	24	of	of	ADP
cblr-2976	215	25	price	price	NOUN
cblr-2976	215	26	parallelism	parallelism	NOUN
cblr-2976	215	27	in	in	ADP
cblr-2976	215	28	the	the	DET
cblr-2976	215	29	industry	industry	NOUN
cblr-2976	215	30	.	.	PUNCT
cblr-2976	216	1	rather	rather	ADV
cblr-2976	216	2	,	,	PUNCT
cblr-2976	216	3	there	there	PRON
cblr-2976	216	4	was	be	VERB
cblr-2976	216	5	evidence	evidence	NOUN
cblr-2976	216	6	of	of	ADP
cblr-2976	216	7	independent	independent	ADJ
cblr-2976	216	8	and	and	CCONJ
cblr-2976	216	9	quite	quite	ADV
cblr-2976	216	10	volatile	volatile	ADJ
cblr-2976	216	11	pricing	pricing	NOUN
cblr-2976	216	12	behavior	behavior	NOUN
cblr-2976	216	13	that	that	PRON
cblr-2976	216	14	was	be	AUX
cblr-2976	216	15	consistent	consistent	ADJ
cblr-2976	216	16	with	with	ADP
cblr-2976	216	17	competition	competition	NOUN
cblr-2976	216	18	rather	rather	ADV
cblr-2976	216	19	than	than	ADP
cblr-2976	216	20	with	with	ADP
cblr-2976	216	21	coordination	coordination	NOUN
cblr-2976	216	22	.	.	PUNCT
cblr-2976	217	1	it	it	PRON
cblr-2976	217	2	is	be	AUX
cblr-2976	217	3	important	important	ADJ
cblr-2976	217	4	to	to	PART
cblr-2976	217	5	say	say	VERB
cblr-2976	217	6	that	that	SCONJ
cblr-2976	217	7	industrial	industrial	ADJ
cblr-2976	217	8	organization	organization	NOUN
cblr-2976	217	9	economics	economic	NOUN
cblr-2976	217	10	does	do	AUX
cblr-2976	217	11	not	not	PART
cblr-2976	217	12	provide	provide	VERB
cblr-2976	217	13	a	a	DET
cblr-2976	217	14	very	very	ADV
cblr-2976	217	15	clear	clear	ADJ
cblr-2976	217	16	guidance	guidance	NOUN
cblr-2976	217	17	as	as	ADP
cblr-2976	217	18	to	to	ADP
cblr-2976	217	19	the	the	DET
cblr-2976	217	20	extent	extent	NOUN
cblr-2976	217	21	of	of	ADP
cblr-2976	217	22	volatility	volatility	NOUN
cblr-2976	217	23	and	and	CCONJ
cblr-2976	217	24	lack	lack	NOUN
cblr-2976	217	25	of	of	ADP
cblr-2976	217	26	correlation	correlation	NOUN
cblr-2976	217	27	that	that	PRON
cblr-2976	217	28	is	be	AUX
cblr-2976	217	29	consistent	consistent	ADJ
cblr-2976	217	30	with	with	ADP
cblr-2976	217	31	competition	competition	NOUN
cblr-2976	217	32	as	as	SCONJ
cblr-2976	217	33	opposed	oppose	VERB
cblr-2976	217	34	to	to	ADP
cblr-2976	217	35	some	some	DET
cblr-2976	217	36	form	form	NOUN
cblr-2976	217	37	of	of	ADP
cblr-2976	217	38	coordination	coordination	NOUN
cblr-2976	217	39	.	.	PUNCT
cblr-2976	218	1	the	the	DET
cblr-2976	218	2	problem	problem	NOUN
cblr-2976	218	3	is	be	AUX
cblr-2976	218	4	that	that	SCONJ
cblr-2976	218	5	co	co	NOUN
cblr-2976	218	6	-	-	NOUN
cblr-2976	218	7	movements	movement	NOUN
cblr-2976	218	8	of	of	ADP
cblr-2976	218	9	different	different	ADJ
cblr-2976	218	10	prices	price	NOUN
cblr-2976	218	11	within	within	ADP
cblr-2976	218	12	a	a	DET
cblr-2976	218	13	"	"	PUNCT
cblr-2976	218	14	narrow	narrow	ADJ
cblr-2976	218	15	"	"	PUNCT
cblr-2976	218	16	range	range	NOUN
cblr-2976	218	17	can	can	AUX
cblr-2976	218	18	be	be	AUX
cblr-2976	218	19	entirely	entirely	ADV
cblr-2976	218	20	consistent	consistent	ADJ
cblr-2976	218	21	with	with	ADP
cblr-2976	218	22	either	either	DET
cblr-2976	218	23	mode	mode	NOUN
cblr-2976	218	24	of	of	ADP
cblr-2976	218	25	market	market	NOUN
cblr-2976	218	26	behavior	behavior	NOUN
cblr-2976	218	27	.	.	PUNCT
cblr-2976	219	1	perhaps	perhaps	ADV
cblr-2976	219	2	27	27	NUM
cblr-2976	219	3	see	see	NOUN
cblr-2976	219	4	case	case	NOUN
cblr-2976	219	5	t-464/04	t-464/04	NOUN
cblr-2976	219	6	,	,	PUNCT
cblr-2976	219	7	impala	impala	NOUN
cblr-2976	219	8	v.	v.	ADP
cblr-2976	219	9	commission	commission	PROPN
cblr-2976	219	10	(	(	PUNCT
cblr-2976	219	11	sony	sony	PROPN
cblr-2976	219	12	/	/	SYM
cblr-2976	219	13	bmg	bmg	PROPN
cblr-2976	219	14	)	)	PUNCT
cblr-2976	219	15	,	,	PUNCT
cblr-2976	219	16	ruling	ruling	NOUN
cblr-2976	219	17	of	of	ADP
cblr-2976	219	18	july	july	PROPN
cblr-2976	219	19	13	13	NUM
cblr-2976	219	20	,	,	PUNCT
cblr-2976	219	21	2006	2006	NUM
cblr-2976	219	22	.	.	PUNCT
cblr-2976	220	1	based	base	VERB
cblr-2976	220	2	in	in	ADP
cblr-2976	220	3	part	part	NOUN
cblr-2976	220	4	on	on	ADP
cblr-2976	220	5	such	such	ADJ
cblr-2976	220	6	evidence	evidence	NOUN
cblr-2976	220	7	,	,	PUNCT
cblr-2976	220	8	the	the	DET
cblr-2976	220	9	merger	merger	NOUN
cblr-2976	220	10	was	be	AUX
cblr-2976	220	11	allowed	allow	VERB
cblr-2976	220	12	to	to	PART
cblr-2976	220	13	go	go	VERB
cblr-2976	220	14	through	through	ADP
cblr-2976	220	15	in	in	ADP
cblr-2976	220	16	april	april	PROPN
cblr-2976	220	17	2004.8	2004.8	NUM
cblr-2976	220	18	still	still	ADV
cblr-2976	220	19	,	,	PUNCT
cblr-2976	220	20	the	the	DET
cblr-2976	220	21	case	case	NOUN
cblr-2976	220	22	left	leave	VERB
cblr-2976	220	23	open	open	ADJ
cblr-2976	220	24	empirical	empirical	ADJ
cblr-2976	220	25	and	and	CCONJ
cblr-2976	220	26	theoretical	theoretical	ADJ
cblr-2976	220	27	questions	question	NOUN
cblr-2976	220	28	regarding	regard	VERB
cblr-2976	220	29	the	the	DET
cblr-2976	220	30	probative	probative	ADJ
cblr-2976	220	31	value	value	NOUN
cblr-2976	220	32	of	of	ADP
cblr-2976	220	33	price	price	NOUN
cblr-2976	220	34	parallelism	parallelism	NOUN
cblr-2976	220	35	as	as	ADP
cblr-2976	220	36	an	an	DET
cblr-2976	220	37	element	element	NOUN
cblr-2976	220	38	of	of	ADP
cblr-2976	220	39	proof	proof	NOUN
cblr-2976	220	40	of	of	ADP
cblr-2976	220	41	tacit	tacit	ADJ
cblr-2976	220	42	(	(	PUNCT
cblr-2976	220	43	or	or	CCONJ
cblr-2976	220	44	even	even	ADV
cblr-2976	220	45	explicit	explicit	ADJ
cblr-2976	220	46	)	)	PUNCT
cblr-2976	220	47	collusion.29	collusion.29	NOUN
cblr-2976	220	48	figure	figure	NOUN
cblr-2976	220	49	3	3	NUM
cblr-2976	220	50	:	:	PUNCT
cblr-2976	220	51	hypothetical	hypothetical	ADJ
cblr-2976	220	52	average	average	ADJ
cblr-2976	220	53	prices	price	NOUN
cblr-2976	220	54	of	of	ADP
cblr-2976	220	55	cds	cd	NOUN
cblr-2976	220	56	in	in	ADP
cblr-2976	220	57	an	an	DET
cblr-2976	220	58	eu	eu	PROPN
cblr-2976	220	59	country	country	NOUN
cblr-2976	220	60	by	by	ADP
cblr-2976	220	61	record	record	NOUN
cblr-2976	220	62	company	company	NOUN
cblr-2976	220	63	$	$	SYM
cblr-2976	220	64	3	3	NUM
cblr-2976	220	65	2	2	NUM
cblr-2976	220	66	.5	.5	NUM
cblr-2976	220	67	0	0	NUM
cblr-2976	220	68	-----------------------------------------------------------------------------$30.00	-----------------------------------------------------------------------------$30.00	NOUN
cblr-2976	220	69	"	"	PUNCT
cblr-2976	220	70	"	"	PUNCT
cblr-2976	220	71	,	,	PUNCT
cblr-2976	220	72	-------s	-------s	X
cblr-2976	220	73	$	$	SYM
cblr-2976	220	74	25.00	25.00	NUM
cblr-2976	220	75	----z	----z	NUM
cblr-2976	220	76	$	$	SYM
cblr-2976	220	77	22.50	22.50	NUM
cblr-2976	220	78	-	-	SYM
cblr-2976	220	79	----------------------------------$2	----------------------------------$2	PROPN
cblr-2976	220	80	.00	.00	NUM
cblr-2976	220	81	---------------------------i	---------------------------i	NUM
cblr-2976	220	82	-----.---------.--.-------------1998	-----.---------.--.-------------1998	NUM
cblr-2976	220	83	1999	1999	NUM
cblr-2976	220	84	2000	2000	NUM
cblr-2976	220	85	2001	2001	NUM
cblr-2976	220	86	2002	2002	NUM
cblr-2976	220	87	2003	2003	NUM
cblr-2976	220	88	-4	-4	NOUN
cblr-2976	220	89	-	-	PUNCT
cblr-2976	220	90	a	a	DET
cblr-2976	220	91	b	b	NOUN
cblr-2976	220	92	-	-	PUNCT
cblr-2976	220	93	o	o	NOUN
cblr-2976	220	94	--	--	PUNCT
cblr-2976	220	95	c	c	NOUN
cblr-2976	220	96	--o	--o	PROPN
cblr-2976	220	97	--	--	PUNCT
cblr-2976	220	98	d	d	X
cblr-2976	220	99	----e	----e	NOUN
cblr-2976	220	100	another	another	DET
cblr-2976	220	101	matter	matter	NOUN
cblr-2976	220	102	that	that	PRON
cblr-2976	220	103	also	also	ADV
cblr-2976	220	104	generated	generate	VERB
cblr-2976	220	105	intense	intense	ADJ
cblr-2976	220	106	scrutiny	scrutiny	NOUN
cblr-2976	220	107	,	,	PUNCT
cblr-2976	220	108	this	this	DET
cblr-2976	220	109	time	time	NOUN
cblr-2976	220	110	much	much	ADV
cblr-2976	220	111	more	more	ADV
cblr-2976	220	112	so	so	ADV
cblr-2976	220	113	in	in	ADP
cblr-2976	220	114	the	the	DET
cblr-2976	220	115	u.s	u.s	PROPN
cblr-2976	220	116	.	.	PROPN
cblr-2976	220	117	than	than	ADP
cblr-2976	220	118	in	in	ADP
cblr-2976	220	119	europe	europe	PROPN
cblr-2976	220	120	,	,	PUNCT
cblr-2976	220	121	was	be	AUX
cblr-2976	220	122	the	the	DET
cblr-2976	220	123	carnival	carnival	NOUN
cblr-2976	220	124	cruise	cruise	NOUN
cblr-2976	220	125	line	line	NOUN
cblr-2976	220	126	merger	merger	NOUN
cblr-2976	220	127	.	.	PUNCT
cblr-2976	220	128	"	"	PUNCT
cblr-2976	221	1	this	this	DET
cblr-2976	221	2	case	case	NOUN
cblr-2976	221	3	also	also	ADV
cblr-2976	221	4	involved	involve	VERB
cblr-2976	221	5	'	'	PUNCT
cblr-2976	221	6	the	the	DET
cblr-2976	221	7	commission	commission	NOUN
cblr-2976	221	8	ultimately	ultimately	ADV
cblr-2976	221	9	had	have	VERB
cblr-2976	221	10	to	to	PART
cblr-2976	221	11	reopen	reopen	VERB
cblr-2976	221	12	the	the	DET
cblr-2976	221	13	antitrust	antitrust	ADJ
cblr-2976	221	14	review	review	NOUN
cblr-2976	221	15	of	of	ADP
cblr-2976	221	16	the	the	DET
cblr-2976	221	17	merger	merger	NOUN
cblr-2976	221	18	,	,	PUNCT
cblr-2976	221	19	however	however	ADV
cblr-2976	221	20	,	,	PUNCT
cblr-2976	221	21	after	after	SCONJ
cblr-2976	221	22	the	the	DET
cblr-2976	221	23	eu	eu	PROPN
cblr-2976	221	24	's	's	PART
cblr-2976	221	25	court	court	NOUN
cblr-2976	221	26	of	of	ADP
cblr-2976	221	27	first	first	ADJ
cblr-2976	221	28	instance	instance	NOUN
cblr-2976	221	29	found	find	VERB
cblr-2976	221	30	that	that	SCONJ
cblr-2976	221	31	the	the	DET
cblr-2976	221	32	regulators	regulator	NOUN
cblr-2976	221	33	'	'	PART
cblr-2976	221	34	initial	initial	ADJ
cblr-2976	221	35	ruling	ruling	NOUN
cblr-2976	221	36	was	be	AUX
cblr-2976	221	37	flawed	flawed	ADJ
cblr-2976	221	38	.	.	PUNCT
cblr-2976	222	1	case	case	NOUN
cblr-2976	222	2	t-464104	t-464104	PROPN
cblr-2976	222	3	,	,	PUNCT
cblr-2976	222	4	impala	impala	NOUN
cblr-2976	222	5	v.	v.	ADP
cblr-2976	222	6	commission	commission	PROPN
cblr-2976	222	7	(	(	PUNCT
cblr-2976	222	8	sony	sony	PROPN
cblr-2976	222	9	/	/	SYM
cblr-2976	222	10	bmg	bmg	PROPN
cblr-2976	222	11	)	)	PUNCT
cblr-2976	222	12	,	,	PUNCT
cblr-2976	222	13	ruling	ruling	NOUN
cblr-2976	222	14	of	of	ADP
cblr-2976	222	15	july	july	PROPN
cblr-2976	222	16	13	13	NUM
cblr-2976	222	17	,	,	PUNCT
cblr-2976	222	18	2006	2006	NUM
cblr-2976	222	19	.	.	PUNCT
cblr-2976	222	20	29	29	NUM
cblr-2976	222	21	see	see	VERB
cblr-2976	222	22	also	also	ADV
cblr-2976	222	23	,	,	PUNCT
cblr-2976	222	24	brief	brief	ADJ
cblr-2976	222	25	of	of	ADP
cblr-2976	222	26	amici	amici	PROPN
cblr-2976	222	27	curiae	curiae	NOUN
cblr-2976	222	28	economists	economist	NOUN
cblr-2976	222	29	in	in	ADP
cblr-2976	222	30	support	support	NOUN
cblr-2976	222	31	of	of	ADP
cblr-2976	222	32	petitioners	petitioner	NOUN
cblr-2976	222	33	,	,	PUNCT
cblr-2976	222	34	in	in	ADP
cblr-2976	222	35	bell	bell	PROPN
cblr-2976	222	36	atlantic	atlantic	PROPN
cblr-2976	222	37	corp	corp	PROPN
cblr-2976	222	38	.	.	PROPN
cblr-2976	223	1	v.	v.	PROPN
cblr-2976	223	2	william	william	PROPN
cblr-2976	223	3	twombly	twombly	PROPN
cblr-2976	223	4	et	et	PROPN
cblr-2976	223	5	al	al	PROPN
cblr-2976	223	6	.	.	PROPN
cblr-2976	223	7	30	30	NUM
cblr-2976	223	8	at	at	ADP
cblr-2976	223	9	the	the	DET
cblr-2976	223	10	end	end	NOUN
cblr-2976	223	11	of	of	ADP
cblr-2976	223	12	2001	2001	NUM
cblr-2976	223	13	,	,	PUNCT
cblr-2976	223	14	royal	royal	ADJ
cblr-2976	223	15	caribbean	caribbean	ADJ
cblr-2976	223	16	cruises	cruise	NOUN
cblr-2976	223	17	and	and	CCONJ
cblr-2976	223	18	princess	princess	ADJ
cblr-2976	223	19	cruises	cruise	NOUN
cblr-2976	223	20	competed	compete	VERB
cblr-2976	223	21	to	to	PART
cblr-2976	223	22	acquire	acquire	VERB
cblr-2976	223	23	carnival	carnival	NOUN
cblr-2976	223	24	corporation	corporation	NOUN
cblr-2976	223	25	.	.	PUNCT
cblr-2976	224	1	the	the	DET
cblr-2976	224	2	three	three	NUM
cblr-2976	224	3	firms	firm	NOUN
cblr-2976	224	4	are	be	AUX
cblr-2976	224	5	the	the	DET
cblr-2976	224	6	largest	large	ADJ
cblr-2976	224	7	in	in	ADP
cblr-2976	224	8	the	the	DET
cblr-2976	224	9	north	north	NOUN
cblr-2976	224	10	american	american	ADJ
cblr-2976	224	11	cruise	cruise	NOUN
cblr-2976	224	12	market	market	NOUN
cblr-2976	224	13	,	,	PUNCT
cblr-2976	224	14	and	and	CCONJ
cblr-2976	224	15	either	either	DET
cblr-2976	224	16	merger	merger	NOUN
cblr-2976	224	17	would	would	AUX
cblr-2976	224	18	have	have	AUX
cblr-2976	224	19	resulted	result	VERB
cblr-2976	224	20	in	in	ADP
cblr-2976	224	21	a	a	DET
cblr-2976	224	22	single	single	ADJ
cblr-2976	224	23	firm	firm	NOUN
cblr-2976	224	24	with	with	ADP
cblr-2976	224	25	a	a	DET
cblr-2976	224	26	share	share	NOUN
cblr-2976	224	27	of	of	ADP
cblr-2976	224	28	about	about	ADV
cblr-2976	224	29	50	50	NUM
cblr-2976	224	30	percent	percent	NOUN
cblr-2976	224	31	of	of	ADP
cblr-2976	224	32	the	the	DET
cblr-2976	224	33	market	market	NOUN
cblr-2976	224	34	.	.	PUNCT
cblr-2976	225	1	nonetheless	nonetheless	ADV
cblr-2976	225	2	,	,	PUNCT
cblr-2976	225	3	the	the	DET
cblr-2976	225	4	ftc	ftc	PROPN
cblr-2976	225	5	by	by	ADP
cblr-2976	225	6	a	a	DET
cblr-2976	225	7	3	3	NUM
cblr-2976	225	8	-	-	SYM
cblr-2976	225	9	2	2	NUM
cblr-2976	225	10	vote	vote	NOUN
cblr-2976	225	11	closed	close	VERB
cblr-2976	225	12	its	its	PRON
cblr-2976	225	13	investigation	investigation	NOUN
cblr-2976	225	14	of	of	ADP
cblr-2976	225	15	the	the	DET
cblr-2976	225	16	deals	deal	NOUN
cblr-2976	225	17	,	,	PUNCT
cblr-2976	225	18	permitting	permit	VERB
cblr-2976	225	19	them	they	PRON
cblr-2976	225	20	to	to	PART
cblr-2976	225	21	move	move	VERB
cblr-2976	225	22	forward	forward	ADV
cblr-2976	225	23	.	.	PUNCT
cblr-2976	226	1	on	on	ADP
cblr-2976	226	2	october	october	PROPN
cblr-2976	226	3	2	2	NUM
cblr-2976	226	4	,	,	PUNCT
cblr-2976	226	5	2002	2002	NUM
cblr-2976	226	6	,	,	PUNCT
cblr-2976	226	7	the	the	DET
cblr-2976	226	8	ftc	ftc	PROPN
cblr-2976	226	9	took	take	VERB
cblr-2976	226	10	the	the	DET
cblr-2976	226	11	[	[	X
cblr-2976	226	12	vol	vol	NOUN
cblr-2976	226	13	.	.	PUNCT
cblr-2976	227	1	2007col	2007col	NUM
cblr-2976	227	2	uamia	uamia	NOUN
cblr-2976	227	3	b	b	PROPN
cblr-2976	228	1	usiness	usiness	NOUN
cblr-2976	228	2	la	la	PROPN
cblr-2976	228	3	w	w	PROPN
cblr-2976	228	4	re	re	PROPN
cblr-2976	228	5	vie	vie	PROPN
cblr-2976	228	6	w	w	PROPN
cblr-2976	228	7	no	no	PROPN
cblr-2976	228	8	.	.	PUNCT
cblr-2976	229	1	2:411	2:411	NUM
cblr-2976	229	2	]	]	X
cblr-2976	229	3	coordina	coordina	PROPN
cblr-2976	229	4	ted	te	VERB
cblr-2976	229	5	effects	effect	NOUN
cblr-2976	229	6	in	in	ADP
cblr-2976	229	7	merger	merger	NOUN
cblr-2976	229	8	analysis	analysis	NOUN
cblr-2976	229	9	extremely	extremely	ADV
cblr-2976	229	10	complex	complex	ADJ
cblr-2976	229	11	and	and	CCONJ
cblr-2976	229	12	detailed	detailed	ADJ
cblr-2976	229	13	empirical	empirical	ADJ
cblr-2976	229	14	analyses	analysis	NOUN
cblr-2976	229	15	,	,	PUNCT
cblr-2976	229	16	drawing	draw	VERB
cblr-2976	229	17	on	on	ADP
cblr-2976	229	18	more	more	ADJ
cblr-2976	229	19	than	than	ADP
cblr-2976	229	20	100	100	NUM
cblr-2976	229	21	gigabytes	gigabyte	NOUN
cblr-2976	229	22	of	of	ADP
cblr-2976	229	23	price	price	NOUN
cblr-2976	229	24	transaction	transaction	NOUN
cblr-2976	229	25	data	datum	NOUN
cblr-2976	229	26	.	.	PUNCT
cblr-2976	230	1	the	the	DET
cblr-2976	230	2	ftc	ftc	PROPN
cblr-2976	230	3	quickly	quickly	ADV
cblr-2976	230	4	recognized	recognize	VERB
cblr-2976	230	5	that	that	SCONJ
cblr-2976	230	6	neither	neither	CCONJ
cblr-2976	230	7	a	a	DET
cblr-2976	230	8	unilateral	unilateral	ADJ
cblr-2976	230	9	increase	increase	NOUN
cblr-2976	230	10	in	in	ADP
cblr-2976	230	11	price	price	NOUN
cblr-2976	230	12	nor	nor	CCONJ
cblr-2976	230	13	a	a	DET
cblr-2976	230	14	tacitly	tacitly	ADV
cblr-2976	230	15	coordinated	coordinate	VERB
cblr-2976	230	16	price	price	NOUN
cblr-2976	230	17	increase	increase	NOUN
cblr-2976	230	18	to	to	ADP
cblr-2976	230	19	all	all	DET
cblr-2976	230	20	passengers	passenger	NOUN
cblr-2976	230	21	was	be	AUX
cblr-2976	230	22	possible	possible	ADJ
cblr-2976	230	23	.	.	PUNCT
cblr-2976	231	1	given	give	VERB
cblr-2976	231	2	that	that	SCONJ
cblr-2976	231	3	a	a	DET
cblr-2976	231	4	theoretical	theoretical	ADJ
cblr-2976	231	5	monopolist	monopolist	NOUN
cblr-2976	231	6	would	would	AUX
cblr-2976	231	7	not	not	PART
cblr-2976	231	8	find	find	VERB
cblr-2976	231	9	it	it	PRON
cblr-2976	231	10	profitable	profitable	ADJ
cblr-2976	231	11	to	to	PART
cblr-2976	231	12	raise	raise	VERB
cblr-2976	231	13	prices	price	NOUN
cblr-2976	231	14	across	across	ADP
cblr-2976	231	15	the	the	DET
cblr-2976	231	16	board	board	NOUN
cblr-2976	231	17	,	,	PUNCT
cblr-2976	231	18	the	the	DET
cblr-2976	231	19	critical	critical	ADJ
cblr-2976	231	20	analytical	analytical	ADJ
cblr-2976	231	21	issue	issue	NOUN
cblr-2976	231	22	was	be	AUX
cblr-2976	231	23	whether	whether	SCONJ
cblr-2976	231	24	price	price	NOUN
cblr-2976	231	25	discrimination	discrimination	NOUN
cblr-2976	231	26	was	be	AUX
cblr-2976	231	27	possible	possible	ADJ
cblr-2976	231	28	-	-	PUNCT
cblr-2976	231	29	that	that	ADV
cblr-2976	231	30	is	be	AUX
cblr-2976	231	31	,	,	PUNCT
cblr-2976	231	32	whether	whether	SCONJ
cblr-2976	231	33	there	there	PRON
cblr-2976	231	34	could	could	AUX
cblr-2976	231	35	have	have	AUX
cblr-2976	231	36	been	be	AUX
cblr-2976	231	37	a	a	DET
cblr-2976	231	38	focused	focused	ADJ
cblr-2976	231	39	price	price	NOUN
cblr-2976	231	40	increase	increase	NOUN
cblr-2976	231	41	as	as	ADP
cblr-2976	231	42	a	a	DET
cblr-2976	231	43	result	result	NOUN
cblr-2976	231	44	of	of	ADP
cblr-2976	231	45	the	the	DET
cblr-2976	231	46	merger	merger	NOUN
cblr-2976	231	47	targeted	target	VERB
cblr-2976	231	48	at	at	ADP
cblr-2976	231	49	some	some	DET
cblr-2976	231	50	subset	subset	NOUN
cblr-2976	231	51	of	of	ADP
cblr-2976	231	52	customers	customer	NOUN
cblr-2976	231	53	.	.	PUNCT
cblr-2976	232	1	after	after	ADV
cblr-2976	232	2	all	all	ADV
cblr-2976	232	3	,	,	PUNCT
cblr-2976	232	4	the	the	DET
cblr-2976	232	5	merger	merger	NOUN
cblr-2976	232	6	would	would	AUX
cblr-2976	232	7	raise	raise	VERB
cblr-2976	232	8	competitive	competitive	ADJ
cblr-2976	232	9	concerns	concern	NOUN
cblr-2976	232	10	not	not	PART
cblr-2976	232	11	only	only	ADV
cblr-2976	232	12	if	if	SCONJ
cblr-2976	232	13	it	it	PRON
cblr-2976	232	14	harmed	harm	VERB
cblr-2976	232	15	all	all	DET
cblr-2976	232	16	consumers	consumer	NOUN
cblr-2976	232	17	but	but	CCONJ
cblr-2976	232	18	also	also	ADV
cblr-2976	232	19	if	if	SCONJ
cblr-2976	232	20	it	it	PRON
cblr-2976	232	21	harmed	harm	VERB
cblr-2976	232	22	a	a	PRON
cblr-2976	232	23	well	well	ADV
cblr-2976	232	24	-	-	PUNCT
cblr-2976	232	25	defined	define	VERB
cblr-2976	232	26	(	(	PUNCT
cblr-2976	232	27	i.e.	i.e.	X
cblr-2976	232	28	,	,	PUNCT
cblr-2976	232	29	identifiable	identifiable	ADJ
cblr-2976	232	30	)	)	PUNCT
cblr-2976	232	31	and	and	CCONJ
cblr-2976	232	32	sizeable	sizeable	ADJ
cblr-2976	232	33	subset	subset	NOUN
cblr-2976	232	34	of	of	ADP
cblr-2976	232	35	consumers	consumer	NOUN
cblr-2976	232	36	.	.	PUNCT
cblr-2976	233	1	consequently	consequently	ADV
cblr-2976	233	2	,	,	PUNCT
cblr-2976	233	3	the	the	DET
cblr-2976	233	4	analytical	analytical	ADJ
cblr-2976	233	5	challenge	challenge	NOUN
cblr-2976	233	6	was	be	AUX
cblr-2976	233	7	to	to	PART
cblr-2976	233	8	determine	determine	VERB
cblr-2976	233	9	whether	whether	SCONJ
cblr-2976	233	10	the	the	DET
cblr-2976	233	11	industry	industry	NOUN
cblr-2976	233	12	could	could	AUX
cblr-2976	233	13	find	find	VERB
cblr-2976	233	14	a	a	DET
cblr-2976	233	15	group	group	NOUN
cblr-2976	233	16	of	of	ADP
cblr-2976	233	17	consumers	consumer	NOUN
cblr-2976	233	18	that	that	PRON
cblr-2976	233	19	could	could	AUX
cblr-2976	233	20	be	be	AUX
cblr-2976	233	21	susceptible	susceptible	ADJ
cblr-2976	233	22	to	to	ADP
cblr-2976	233	23	a	a	DET
cblr-2976	233	24	coordinated	coordinated	ADJ
cblr-2976	233	25	post	post	ADJ
cblr-2976	233	26	-	-	ADJ
cblr-2976	233	27	merger	merger	ADJ
cblr-2976	233	28	increase	increase	NOUN
cblr-2976	233	29	in	in	ADP
cblr-2976	233	30	prices	price	NOUN
cblr-2976	233	31	.	.	PUNCT
cblr-2976	234	1	the	the	DET
cblr-2976	234	2	cruise	cruise	NOUN
cblr-2976	234	3	line	line	NOUN
cblr-2976	234	4	industry	industry	NOUN
cblr-2976	234	5	has	have	VERB
cblr-2976	234	6	a	a	DET
cblr-2976	234	7	special	special	ADJ
cblr-2976	234	8	feature	feature	NOUN
cblr-2976	234	9	,	,	PUNCT
cblr-2976	234	10	which	which	PRON
cblr-2976	234	11	is	be	AUX
cblr-2976	234	12	that	that	SCONJ
cblr-2976	234	13	it	it	PRON
cblr-2976	234	14	has	have	VERB
cblr-2976	234	15	a	a	DET
cblr-2976	234	16	fixed	fix	VERB
cblr-2976	234	17	and	and	CCONJ
cblr-2976	234	18	highly	highly	ADV
cblr-2976	234	19	perishable	perishable	ADJ
cblr-2976	234	20	product	product	NOUN
cblr-2976	234	21	-	-	PUNCT
cblr-2976	234	22	the	the	DET
cblr-2976	234	23	berths	berth	NOUN
cblr-2976	234	24	on	on	ADP
cblr-2976	234	25	any	any	DET
cblr-2976	234	26	given	give	VERB
cblr-2976	234	27	sailing	sailing	NOUN
cblr-2976	234	28	of	of	ADP
cblr-2976	234	29	a	a	DET
cblr-2976	234	30	ship	ship	NOUN
cblr-2976	234	31	.	.	PUNCT
cblr-2976	235	1	as	as	ADP
cblr-2976	235	2	a	a	DET
cblr-2976	235	3	result	result	NOUN
cblr-2976	235	4	,	,	PUNCT
cblr-2976	235	5	pricing	pricing	NOUN
cblr-2976	235	6	in	in	ADP
cblr-2976	235	7	the	the	DET
cblr-2976	235	8	industry	industry	NOUN
cblr-2976	235	9	is	be	AUX
cblr-2976	235	10	enormously	enormously	ADV
cblr-2976	235	11	complex	complex	ADJ
cblr-2976	235	12	.	.	PUNCT
cblr-2976	236	1	determining	determine	VERB
cblr-2976	236	2	whether	whether	SCONJ
cblr-2976	236	3	price	price	NOUN
cblr-2976	236	4	discrimination	discrimination	NOUN
cblr-2976	236	5	was	be	AUX
cblr-2976	236	6	possible	possible	ADJ
cblr-2976	236	7	was	be	AUX
cblr-2976	236	8	thus	thus	ADV
cblr-2976	236	9	not	not	PART
cblr-2976	236	10	an	an	DET
cblr-2976	236	11	easy	easy	ADJ
cblr-2976	236	12	task	task	NOUN
cblr-2976	236	13	.	.	PUNCT
cblr-2976	237	1	cruise	cruise	NOUN
cblr-2976	237	2	lines	line	NOUN
cblr-2976	237	3	are	be	AUX
cblr-2976	237	4	concerned	concern	VERB
cblr-2976	237	5	first	first	ADV
cblr-2976	237	6	and	and	CCONJ
cblr-2976	237	7	foremost	foremost	ADV
cblr-2976	237	8	with	with	ADP
cblr-2976	237	9	filling	fill	VERB
cblr-2976	237	10	as	as	ADV
cblr-2976	237	11	many	many	ADJ
cblr-2976	237	12	berths	berth	NOUN
cblr-2976	237	13	as	as	ADP
cblr-2976	237	14	possible	possible	ADJ
cblr-2976	237	15	because	because	SCONJ
cblr-2976	237	16	most	most	ADJ
cblr-2976	237	17	of	of	ADP
cblr-2976	237	18	the	the	DET
cblr-2976	237	19	costs	cost	NOUN
cblr-2976	237	20	of	of	ADP
cblr-2976	237	21	the	the	DET
cblr-2976	237	22	berth	berth	NOUN
cblr-2976	237	23	are	be	AUX
cblr-2976	237	24	sunk	sink	VERB
cblr-2976	237	25	,	,	PUNCT
cblr-2976	237	26	so	so	CCONJ
cblr-2976	237	27	there	there	PRON
cblr-2976	237	28	is	be	VERB
cblr-2976	237	29	little	little	ADJ
cblr-2976	237	30	extra	extra	ADJ
cblr-2976	237	31	cost	cost	NOUN
cblr-2976	237	32	to	to	ADP
cblr-2976	237	33	filling	fill	VERB
cblr-2976	237	34	an	an	DET
cblr-2976	237	35	open	open	ADJ
cblr-2976	237	36	berth	berth	NOUN
cblr-2976	237	37	but	but	CCONJ
cblr-2976	237	38	significant	significant	ADJ
cblr-2976	237	39	lost	lose	VERB
cblr-2976	237	40	revenue	revenue	NOUN
cblr-2976	237	41	from	from	ADP
cblr-2976	237	42	letting	let	VERB
cblr-2976	237	43	a	a	DET
cblr-2976	237	44	berth	berth	NOUN
cblr-2976	237	45	sail	sail	NOUN
cblr-2976	237	46	empty.3	empty.3	PROPN
cblr-2976	237	47	1	1	NUM
cblr-2976	237	48	the	the	DET
cblr-2976	237	49	industry	industry	NOUN
cblr-2976	237	50	is	be	AUX
cblr-2976	237	51	therefore	therefore	ADV
cblr-2976	237	52	driven	drive	VERB
cblr-2976	237	53	by	by	ADP
cblr-2976	237	54	"	"	PUNCT
cblr-2976	237	55	yield	yield	NOUN
cblr-2976	237	56	management	management	NOUN
cblr-2976	237	57	,	,	PUNCT
cblr-2976	237	58	"	"	PUNCT
cblr-2976	237	59	which	which	PRON
cblr-2976	237	60	is	be	AUX
cblr-2976	237	61	implemented	implement	VERB
cblr-2976	237	62	using	use	VERB
cblr-2976	237	63	highly	highly	ADV
cblr-2976	237	64	complex	complex	ADJ
cblr-2976	237	65	models	model	NOUN
cblr-2976	237	66	of	of	ADP
cblr-2976	237	67	the	the	DET
cblr-2976	237	68	evolution	evolution	NOUN
cblr-2976	237	69	of	of	ADP
cblr-2976	237	70	demand	demand	NOUN
cblr-2976	237	71	over	over	ADP
cblr-2976	237	72	time	time	NOUN
cblr-2976	237	73	:	:	PUNCT
cblr-2976	237	74	sell	sell	VERB
cblr-2976	237	75	an	an	DET
cblr-2976	237	76	empty	empty	ADJ
cblr-2976	237	77	berth	berth	NOUN
cblr-2976	237	78	too	too	ADV
cblr-2976	237	79	soon	soon	ADV
cblr-2976	237	80	and	and	CCONJ
cblr-2976	237	81	forego	forego	VERB
cblr-2976	237	82	a	a	DET
cblr-2976	237	83	chance	chance	NOUN
cblr-2976	237	84	of	of	ADP
cblr-2976	237	85	selling	sell	VERB
cblr-2976	237	86	it	it	PRON
cblr-2976	237	87	later	later	ADV
cblr-2976	237	88	to	to	ADP
cblr-2976	237	89	a	a	DET
cblr-2976	237	90	customer	customer	NOUN
cblr-2976	237	91	willing	willing	ADJ
cblr-2976	237	92	to	to	PART
cblr-2976	237	93	pay	pay	VERB
cblr-2976	237	94	more	more	ADJ
cblr-2976	237	95	;	;	PUNCT
cblr-2976	237	96	wait	wait	VERB
cblr-2976	237	97	with	with	ADP
cblr-2976	237	98	an	an	DET
cblr-2976	237	99	empty	empty	ADJ
cblr-2976	237	100	berth	berth	NOUN
cblr-2976	237	101	too	too	ADV
cblr-2976	237	102	long	long	ADV
cblr-2976	237	103	and	and	CCONJ
cblr-2976	237	104	it	it	PRON
cblr-2976	237	105	may	may	AUX
cblr-2976	237	106	never	never	ADV
cblr-2976	237	107	be	be	AUX
cblr-2976	237	108	sold	sell	VERB
cblr-2976	237	109	.	.	PUNCT
cblr-2976	238	1	this	this	DET
cblr-2976	238	2	yield	yield	NOUN
cblr-2976	238	3	management	management	NOUN
cblr-2976	238	4	model	model	NOUN
cblr-2976	238	5	unusual	unusual	ADJ
cblr-2976	238	6	step	step	NOUN
cblr-2976	238	7	of	of	ADP
cblr-2976	238	8	issuing	issue	VERB
cblr-2976	238	9	a	a	DET
cblr-2976	238	10	public	public	ADJ
cblr-2976	238	11	statement	statement	NOUN
cblr-2976	238	12	to	to	PART
cblr-2976	238	13	explain	explain	VERB
cblr-2976	238	14	how	how	SCONJ
cblr-2976	238	15	it	it	PRON
cblr-2976	238	16	arrived	arrive	VERB
cblr-2976	238	17	at	at	ADP
cblr-2976	238	18	its	its	PRON
cblr-2976	238	19	decision	decision	NOUN
cblr-2976	238	20	,	,	PUNCT
cblr-2976	238	21	http://www.ftc.gov/os/2oo2/1o/cruisestatement.htm	http://www.ftc.gov/os/2oo2/1o/cruisestatement.htm	PROPN
cblr-2976	238	22	(	(	PUNCT
cblr-2976	238	23	see	see	VERB
cblr-2976	238	24	also	also	ADV
cblr-2976	238	25	the	the	DET
cblr-2976	238	26	statement	statement	NOUN
cblr-2976	238	27	of	of	ADP
cblr-2976	238	28	the	the	DET
cblr-2976	238	29	dissenting	dissent	VERB
cblr-2976	238	30	commissioners	commissioner	NOUN
cblr-2976	238	31	,	,	PUNCT
cblr-2976	238	32	http://www.ftc.gov/os/2002/1o/	http://www.ftc.gov/os/2002/1o/	PROPN
cblr-2976	238	33	cruisedissent.htm	cruisedissent.htm	X
cblr-2976	238	34	)	)	PUNCT
cblr-2976	238	35	.	.	PUNCT
cblr-2976	239	1	31	31	NUM
cblr-2976	239	2	see	see	VERB
cblr-2976	239	3	m.	m.	PROPN
cblr-2976	239	4	coleman	coleman	PROPN
cblr-2976	239	5	et	et	PROPN
cblr-2976	239	6	al	al	PROPN
cblr-2976	239	7	.	.	PROPN
cblr-2976	239	8	,	,	PUNCT
cblr-2976	239	9	empirical	empirical	ADJ
cblr-2976	239	10	analysis	analysis	NOUN
cblr-2976	239	11	of	of	ADP
cblr-2976	239	12	potential	potential	ADJ
cblr-2976	239	13	competitive	competitive	ADJ
cblr-2976	239	14	effects	effect	NOUN
cblr-2976	239	15	of	of	ADP
cblr-2976	239	16	a	a	DET
cblr-2976	239	17	horizontal	horizontal	ADJ
cblr-2976	239	18	merger	merger	NOUN
cblr-2976	239	19	:	:	PUNCT
cblr-2976	239	20	the	the	DET
cblr-2976	239	21	ftc	ftc	PROPN
cblr-2976	239	22	's	's	PART
cblr-2976	239	23	cruise	cruise	NOUN
cblr-2976	239	24	ship	ship	NOUN
cblr-2976	239	25	investigation	investigation	NOUN
cblr-2976	239	26	(	(	PUNCT
cblr-2976	239	27	unpublished	unpublished	ADJ
cblr-2976	239	28	manuscript	manuscript	NOUN
cblr-2976	239	29	,	,	PUNCT
cblr-2976	239	30	on	on	ADP
cblr-2976	239	31	file	file	NOUN
cblr-2976	239	32	with	with	ADP
cblr-2976	239	33	rev	rev	PROPN
cblr-2976	239	34	.	.	PROPN
cblr-2976	239	35	ind	ind	PROPN
cblr-2976	239	36	.	.	PUNCT
cblr-2976	239	37	org	org	PROPN
cblr-2976	239	38	.	.	PUNCT
cblr-2976	239	39	)	)	PUNCT
cblr-2976	239	40	;	;	PUNCT
cblr-2976	239	41	see	see	VERB
cblr-2976	239	42	also	also	ADV
cblr-2976	239	43	david	david	PROPN
cblr-2976	239	44	scheffman	scheffman	NOUN
cblr-2976	239	45	speeches	speech	NOUN
cblr-2976	239	46	,	,	PUNCT
cblr-2976	239	47	http://www.ftc.gov/speeches/scheffman.htm	http://www.ftc.gov/speeches/scheffman.htm	X
cblr-2976	239	48	.	.	NOUN
cblr-2976	239	49	results	result	NOUN
cblr-2976	239	50	in	in	ADP
cblr-2976	239	51	large	large	ADJ
cblr-2976	239	52	variation	variation	NOUN
cblr-2976	239	53	in	in	ADP
cblr-2976	239	54	day	day	NOUN
cblr-2976	239	55	-	-	PUNCT
cblr-2976	239	56	to	to	ADP
cblr-2976	239	57	-	-	PUNCT
cblr-2976	239	58	day	day	NOUN
cblr-2976	239	59	pricing	pricing	NOUN
cblr-2976	239	60	of	of	ADP
cblr-2976	239	61	product	product	NOUN
cblr-2976	239	62	.	.	PUNCT
cblr-2976	240	1	a	a	DET
cblr-2976	240	2	key	key	ADJ
cblr-2976	240	3	focus	focus	NOUN
cblr-2976	240	4	of	of	ADP
cblr-2976	240	5	the	the	DET
cblr-2976	240	6	merger	merger	NOUN
cblr-2976	240	7	analysis	analysis	NOUN
cblr-2976	240	8	in	in	ADP
cblr-2976	240	9	that	that	DET
cblr-2976	240	10	case	case	NOUN
cblr-2976	240	11	,	,	PUNCT
cblr-2976	240	12	therefore	therefore	ADV
cblr-2976	240	13	,	,	PUNCT
cblr-2976	240	14	was	be	AUX
cblr-2976	240	15	on	on	ADP
cblr-2976	240	16	the	the	DET
cblr-2976	240	17	role	role	NOUN
cblr-2976	240	18	of	of	ADP
cblr-2976	240	19	yield	yield	NOUN
cblr-2976	240	20	management	management	NOUN
cblr-2976	240	21	as	as	ADP
cblr-2976	240	22	a	a	DET
cblr-2976	240	23	tool	tool	NOUN
cblr-2976	240	24	for	for	ADP
cblr-2976	240	25	potential	potential	ADJ
cblr-2976	240	26	price	price	NOUN
cblr-2976	240	27	discrimination	discrimination	NOUN
cblr-2976	240	28	.	.	PUNCT
cblr-2976	241	1	specifically	specifically	ADV
cblr-2976	241	2	,	,	PUNCT
cblr-2976	241	3	the	the	DET
cblr-2976	241	4	question	question	NOUN
cblr-2976	241	5	was	be	AUX
cblr-2976	241	6	whether	whether	SCONJ
cblr-2976	241	7	there	there	PRON
cblr-2976	241	8	were	be	VERB
cblr-2976	241	9	patterns	pattern	NOUN
cblr-2976	241	10	to	to	ADP
cblr-2976	241	11	the	the	DET
cblr-2976	241	12	pricing	pricing	NOUN
cblr-2976	241	13	for	for	ADP
cblr-2976	241	14	specific	specific	ADJ
cblr-2976	241	15	sub	sub	NOUN
cblr-2976	241	16	-	-	NOUN
cblr-2976	241	17	groups	group	NOUN
cblr-2976	241	18	of	of	ADP
cblr-2976	241	19	customers	customer	NOUN
cblr-2976	241	20	that	that	PRON
cblr-2976	241	21	reduced	reduce	VERB
cblr-2976	241	22	the	the	DET
cblr-2976	241	23	complexity	complexity	NOUN
cblr-2976	241	24	of	of	ADP
cblr-2976	241	25	industry	industry	NOUN
cblr-2976	241	26	pricing	pricing	NOUN
cblr-2976	241	27	in	in	ADP
cblr-2976	241	28	such	such	DET
cblr-2976	241	29	a	a	DET
cblr-2976	241	30	way	way	NOUN
cblr-2976	241	31	as	as	SCONJ
cblr-2976	241	32	to	to	PART
cblr-2976	241	33	allow	allow	VERB
cblr-2976	241	34	for	for	ADP
cblr-2976	241	35	coordinated	coordinated	ADJ
cblr-2976	241	36	interaction	interaction	NOUN
cblr-2976	241	37	.	.	PUNCT
cblr-2976	242	1	in	in	ADP
cblr-2976	242	2	particular	particular	ADJ
cblr-2976	242	3	,	,	PUNCT
cblr-2976	242	4	if	if	SCONJ
cblr-2976	242	5	cruise	cruise	NOUN
cblr-2976	242	6	line	line	NOUN
cblr-2976	242	7	operators	operator	NOUN
cblr-2976	242	8	could	could	AUX
cblr-2976	242	9	identify	identify	VERB
cblr-2976	242	10	a	a	DET
cblr-2976	242	11	specific	specific	ADJ
cblr-2976	242	12	group	group	NOUN
cblr-2976	242	13	of	of	ADP
cblr-2976	242	14	potential	potential	ADJ
cblr-2976	242	15	customers	customer	NOUN
cblr-2976	242	16	with	with	ADP
cblr-2976	242	17	relatively	relatively	ADV
cblr-2976	242	18	inelastic	inelastic	ADJ
cblr-2976	242	19	demand	demand	NOUN
cblr-2976	242	20	for	for	ADP
cblr-2976	242	21	cruising	cruise	VERB
cblr-2976	242	22	,	,	PUNCT
cblr-2976	242	23	then	then	ADV
cblr-2976	242	24	a	a	DET
cblr-2976	242	25	tacit	tacit	ADJ
cblr-2976	242	26	increase	increase	NOUN
cblr-2976	242	27	in	in	ADP
cblr-2976	242	28	price	price	NOUN
cblr-2976	242	29	could	could	AUX
cblr-2976	242	30	be	be	AUX
cblr-2976	242	31	confined	confine	VERB
cblr-2976	242	32	to	to	ADP
cblr-2976	242	33	that	that	DET
cblr-2976	242	34	group	group	NOUN
cblr-2976	242	35	or	or	CCONJ
cblr-2976	242	36	,	,	PUNCT
cblr-2976	242	37	better	well	ADV
cblr-2976	242	38	yet	yet	ADV
cblr-2976	242	39	,	,	PUNCT
cblr-2976	242	40	to	to	ADP
cblr-2976	242	41	the	the	DET
cblr-2976	242	42	product	product	NOUN
cblr-2976	242	43	that	that	SCONJ
cblr-2976	242	44	this	this	DET
cblr-2976	242	45	group	group	NOUN
cblr-2976	242	46	was	be	AUX
cblr-2976	242	47	(	(	PUNCT
cblr-2976	242	48	on	on	ADP
cblr-2976	242	49	average	average	ADJ
cblr-2976	242	50	)	)	PUNCT
cblr-2976	242	51	favoring	favoring	NOUN
cblr-2976	242	52	.	.	PUNCT
cblr-2976	243	1	an	an	DET
cblr-2976	243	2	analysis	analysis	NOUN
cblr-2976	243	3	of	of	ADP
cblr-2976	243	4	pricing	pricing	NOUN
cblr-2976	243	5	to	to	ADP
cblr-2976	243	6	various	various	ADJ
cblr-2976	243	7	groups	group	NOUN
cblr-2976	243	8	of	of	ADP
cblr-2976	243	9	customers	customer	NOUN
cblr-2976	243	10	-	-	PUNCT
cblr-2976	243	11	those	those	PRON
cblr-2976	243	12	who	who	PRON
cblr-2976	243	13	booked	book	VERB
cblr-2976	243	14	early	early	ADV
cblr-2976	243	15	,	,	PUNCT
cblr-2976	243	16	those	those	PRON
cblr-2976	243	17	who	who	PRON
cblr-2976	243	18	booked	book	VERB
cblr-2976	243	19	in	in	ADP
cblr-2976	243	20	more	more	ADV
cblr-2976	243	21	attractive	attractive	ADJ
cblr-2976	243	22	cabins	cabin	NOUN
cblr-2976	243	23	,	,	PUNCT
cblr-2976	243	24	those	those	PRON
cblr-2976	243	25	who	who	PRON
cblr-2976	243	26	were	be	AUX
cblr-2976	243	27	"	"	PUNCT
cblr-2976	243	28	frequent	frequent	ADJ
cblr-2976	243	29	cruisers	cruiser	NOUN
cblr-2976	243	30	,	,	PUNCT
cblr-2976	243	31	"	"	PUNCT
cblr-2976	243	32	and	and	CCONJ
cblr-2976	243	33	many	many	ADJ
cblr-2976	243	34	others	other	NOUN
cblr-2976	243	35	-	-	PUNCT
cblr-2976	243	36	revealed	reveal	VERB
cblr-2976	243	37	no	no	DET
cblr-2976	243	38	such	such	ADJ
cblr-2976	243	39	discernible	discernible	ADJ
cblr-2976	243	40	pattern	pattern	NOUN
cblr-2976	243	41	.	.	PUNCT
cblr-2976	244	1	the	the	DET
cblr-2976	244	2	failure	failure	NOUN
cblr-2976	244	3	to	to	PART
cblr-2976	244	4	find	find	VERB
cblr-2976	244	5	any	any	DET
cblr-2976	244	6	such	such	ADJ
cblr-2976	244	7	ways	way	NOUN
cblr-2976	244	8	of	of	ADP
cblr-2976	244	9	reducing	reduce	VERB
cblr-2976	244	10	pricing	pricing	NOUN
cblr-2976	244	11	complexity	complexity	NOUN
cblr-2976	244	12	was	be	AUX
cblr-2976	244	13	a	a	DET
cblr-2976	244	14	key	key	ADJ
cblr-2976	244	15	factor	factor	NOUN
cblr-2976	244	16	in	in	ADP
cblr-2976	244	17	the	the	DET
cblr-2976	244	18	ftc	ftc	PROPN
cblr-2976	244	19	's	's	PART
cblr-2976	244	20	decision	decision	NOUN
cblr-2976	244	21	not	not	PART
cblr-2976	244	22	to	to	PART
cblr-2976	244	23	challenge	challenge	VERB
cblr-2976	244	24	the	the	DET
cblr-2976	244	25	proposed	propose	VERB
cblr-2976	244	26	mergers.32	mergers.32	NOUN
cblr-2976	244	27	similarly	similarly	ADV
cblr-2976	244	28	,	,	PUNCT
cblr-2976	244	29	yield	yield	NOUN
cblr-2976	244	30	management	management	NOUN
cblr-2976	244	31	played	play	VERB
cblr-2976	244	32	an	an	DET
cblr-2976	244	33	important	important	ADJ
cblr-2976	244	34	role	role	NOUN
cblr-2976	244	35	in	in	ADP
cblr-2976	244	36	our	our	PRON
cblr-2976	244	37	analysis	analysis	NOUN
cblr-2976	244	38	of	of	ADP
cblr-2976	244	39	the	the	DET
cblr-2976	244	40	mgm	mgm	PROPN
cblr-2976	244	41	-	-	PUNCT
cblr-2976	244	42	mandalay	mandalay	NOUN
cblr-2976	244	43	bay	bay	NOUN
cblr-2976	244	44	merger	merger	NOUN
cblr-2976	244	45	in	in	ADP
cblr-2976	244	46	las	las	PROPN
cblr-2976	244	47	vegas.33	vegas.33	PROPN
cblr-2976	244	48	figure	figure	NOUN
cblr-2976	244	49	4	4	NUM
cblr-2976	244	50	shows	show	VERB
cblr-2976	244	51	the	the	DET
cblr-2976	244	52	price	price	NOUN
cblr-2976	244	53	of	of	ADP
cblr-2976	244	54	a	a	DET
cblr-2976	244	55	standard	standard	ADJ
cblr-2976	244	56	room	room	NOUN
cblr-2976	244	57	in	in	ADP
cblr-2976	244	58	las	las	PROPN
cblr-2976	244	59	vegas	vegas	PROPN
cblr-2976	244	60	over	over	ADP
cblr-2976	244	61	a	a	DET
cblr-2976	244	62	period	period	NOUN
cblr-2976	244	63	of	of	ADP
cblr-2976	244	64	several	several	ADJ
cblr-2976	244	65	months	month	NOUN
cblr-2976	244	66	prior	prior	ADV
cblr-2976	244	67	to	to	ADP
cblr-2976	244	68	the	the	DET
cblr-2976	244	69	day	day	NOUN
cblr-2976	244	70	of	of	ADP
cblr-2976	244	71	arrival	arrival	NOUN
cblr-2976	244	72	.	.	PUNCT
cblr-2976	245	1	as	as	SCONJ
cblr-2976	245	2	one	one	PRON
cblr-2976	245	3	can	can	AUX
cblr-2976	245	4	see	see	VERB
cblr-2976	245	5	,	,	PUNCT
cblr-2976	245	6	there	there	PRON
cblr-2976	245	7	is	be	VERB
cblr-2976	245	8	extreme	extreme	ADJ
cblr-2976	245	9	variation	variation	NOUN
cblr-2976	245	10	in	in	ADP
cblr-2976	245	11	hotel	hotel	NOUN
cblr-2976	245	12	pricing	pricing	NOUN
cblr-2976	245	13	over	over	ADP
cblr-2976	245	14	time	time	NOUN
cblr-2976	245	15	and	and	CCONJ
cblr-2976	245	16	even	even	ADV
cblr-2976	245	17	on	on	ADP
cblr-2976	245	18	any	any	DET
cblr-2976	245	19	given	give	VERB
cblr-2976	245	20	day	day	NOUN
cblr-2976	245	21	for	for	ADP
cblr-2976	245	22	a	a	DET
cblr-2976	245	23	standard	standard	ADJ
cblr-2976	245	24	room	room	NOUN
cblr-2976	245	25	for	for	ADP
cblr-2976	245	26	a	a	DET
cblr-2976	245	27	booking	booking	NOUN
cblr-2976	245	28	for	for	ADP
cblr-2976	245	29	a	a	DET
cblr-2976	245	30	specific	specific	ADJ
cblr-2976	245	31	day	day	NOUN
cblr-2976	245	32	,	,	PUNCT
cblr-2976	245	33	say	say	VERB
cblr-2976	245	34	6/30/04	6/30/04	NUM
cblr-2976	245	35	.	.	PROPN
cblr-2976	246	1	as	as	ADP
cblr-2976	246	2	a	a	DET
cblr-2976	246	3	result	result	NOUN
cblr-2976	246	4	,	,	PUNCT
cblr-2976	246	5	we	we	PRON
cblr-2976	246	6	argued	argue	VERB
cblr-2976	246	7	that	that	SCONJ
cblr-2976	246	8	it	it	PRON
cblr-2976	246	9	would	would	AUX
cblr-2976	246	10	not	not	PART
cblr-2976	246	11	be	be	AUX
cblr-2976	246	12	possible	possible	ADJ
cblr-2976	246	13	for	for	SCONJ
cblr-2976	246	14	the	the	DET
cblr-2976	246	15	hotels	hotel	NOUN
cblr-2976	246	16	to	to	PART
cblr-2976	246	17	coordinate	coordinate	VERB
cblr-2976	246	18	because	because	SCONJ
cblr-2976	246	19	there	there	PRON
cblr-2976	246	20	was	be	VERB
cblr-2976	246	21	no	no	DET
cblr-2976	246	22	focal	focal	ADJ
cblr-2976	246	23	price	price	NOUN
cblr-2976	246	24	point	point	NOUN
cblr-2976	246	25	off	off	ADP
cblr-2976	246	26	of	of	ADP
cblr-2976	246	27	which	which	PRON
cblr-2976	246	28	hotels	hotel	NOUN
cblr-2976	246	29	could	could	AUX
cblr-2976	246	30	coordinate	coordinate	VERB
cblr-2976	246	31	their	their	PRON
cblr-2976	246	32	pricing	pricing	NOUN
cblr-2976	246	33	behavior	behavior	NOUN
cblr-2976	246	34	.	.	PUNCT
cblr-2976	247	1	moreover	moreover	ADV
cblr-2976	247	2	,	,	PUNCT
cblr-2976	247	3	in	in	ADP
cblr-2976	247	4	both	both	DET
cblr-2976	247	5	cases	case	NOUN
cblr-2976	247	6	,	,	PUNCT
cblr-2976	247	7	the	the	DET
cblr-2976	247	8	need	need	NOUN
cblr-2976	247	9	for	for	ADP
cblr-2976	247	10	pricing	pricing	NOUN
cblr-2976	247	11	flexibility	flexibility	NOUN
cblr-2976	247	12	would	would	AUX
cblr-2976	247	13	make	make	VERB
cblr-2976	247	14	it	it	PRON
cblr-2976	247	15	difficult	difficult	ADJ
cblr-2976	247	16	to	to	PART
cblr-2976	247	17	detect	detect	VERB
cblr-2976	247	18	legitimate	legitimate	ADJ
cblr-2976	247	19	pricing	pricing	NOUN
cblr-2976	247	20	adjustments	adjustment	NOUN
cblr-2976	247	21	32	32	NUM
cblr-2976	247	22	for	for	ADP
cblr-2976	247	23	more	more	ADJ
cblr-2976	247	24	information	information	NOUN
cblr-2976	247	25	about	about	ADP
cblr-2976	247	26	the	the	DET
cblr-2976	247	27	carnival	carnival	NOUN
cblr-2976	247	28	cruise	cruise	PROPN
cblr-2976	247	29	lines	line	NOUN
cblr-2976	247	30	merger	merger	NOUN
cblr-2976	247	31	,	,	PUNCT
cblr-2976	247	32	see	see	VERB
cblr-2976	247	33	m.	m.	PROPN
cblr-2976	247	34	coleman	coleman	PROPN
cblr-2976	247	35	et	et	PROPN
cblr-2976	247	36	.	.	PUNCT
cblr-2976	248	1	al	al	PROPN
cblr-2976	248	2	.	.	PROPN
cblr-2976	248	3	,	,	PUNCT
cblr-2976	248	4	empirical	empirical	ADJ
cblr-2976	248	5	analysis	analysis	NOUN
cblr-2976	248	6	of	of	ADP
cblr-2976	248	7	potential	potential	ADJ
cblr-2976	248	8	competitive	competitive	ADJ
cblr-2976	248	9	effects	effect	NOUN
cblr-2976	248	10	of	of	ADP
cblr-2976	248	11	a	a	DET
cblr-2976	248	12	horizontal	horizontal	ADJ
cblr-2976	248	13	merger	merger	NOUN
cblr-2976	248	14	:	:	PUNCT
cblr-2976	248	15	the	the	DET
cblr-2976	248	16	ftc	ftc	PROPN
cblr-2976	248	17	's	's	PART
cblr-2976	248	18	cruise	cruise	NOUN
cblr-2976	248	19	ship	ship	NOUN
cblr-2976	248	20	investigation	investigation	NOUN
cblr-2976	248	21	(	(	PUNCT
cblr-2976	248	22	unpublished	unpublished	ADJ
cblr-2976	248	23	manuscript	manuscript	NOUN
cblr-2976	248	24	,	,	PUNCT
cblr-2976	248	25	on	on	ADP
cblr-2976	248	26	file	file	NOUN
cblr-2976	248	27	with	with	ADP
cblr-2976	248	28	rev	rev	PROPN
cblr-2976	248	29	.	.	PROPN
cblr-2976	248	30	ind	ind	PROPN
cblr-2976	248	31	.	.	PUNCT
cblr-2976	249	1	org	org	PROPN
cblr-2976	249	2	.	.	PUNCT
cblr-2976	249	3	)	)	PUNCT
cblr-2976	249	4	;	;	PUNCT
cblr-2976	249	5	see	see	VERB
cblr-2976	249	6	also	also	ADV
cblr-2976	249	7	david	david	PROPN
cblr-2976	249	8	scheffman	scheffman	NOUN
cblr-2976	249	9	speeches	speech	NOUN
cblr-2976	249	10	,	,	PUNCT
cblr-2976	249	11	http://www.ftc.gov/speeches/scheffman.htm	http://www.ftc.gov/speeches/scheffman.htm	X
cblr-2976	249	12	.	.	PUNCT
cblr-2976	249	13	"	"	PUNCT
cblr-2976	250	1	the	the	DET
cblr-2976	250	2	ftc	ftc	PROPN
cblr-2976	250	3	ultimately	ultimately	ADV
cblr-2976	250	4	closed	close	VERB
cblr-2976	250	5	its	its	PRON
cblr-2976	250	6	investigation	investigation	NOUN
cblr-2976	250	7	of	of	ADP
cblr-2976	250	8	the	the	DET
cblr-2976	250	9	proposed	propose	VERB
cblr-2976	250	10	acquisition	acquisition	NOUN
cblr-2976	250	11	of	of	ADP
cblr-2976	250	12	mandalay	mandalay	NOUN
cblr-2976	250	13	resort	resort	NOUN
cblr-2976	250	14	group	group	NOUN
cblr-2976	250	15	by	by	ADP
cblr-2976	250	16	mgm	mgm	PROPN
cblr-2976	250	17	mirage	mirage	PROPN
cblr-2976	250	18	inc	inc	PROPN
cblr-2976	250	19	.	.	PROPN
cblr-2976	250	20	letters	letter	NOUN
cblr-2976	250	21	from	from	ADP
cblr-2976	250	22	donald	donald	PROPN
cblr-2976	250	23	s.	s.	PROPN
cblr-2976	250	24	clark	clark	PROPN
cblr-2976	250	25	,	,	PUNCT
cblr-2976	250	26	ftc	ftc	PROPN
cblr-2976	250	27	secretary	secretary	NOUN
cblr-2976	250	28	,	,	PUNCT
cblr-2976	250	29	to	to	ADP
cblr-2976	250	30	jan	jan	PROPN
cblr-2976	250	31	mcdavid	mcdavid	PROPN
cblr-2976	250	32	and	and	CCONJ
cblr-2976	250	33	charles	charles	PROPN
cblr-2976	250	34	s.	s.	PROPN
cblr-2976	250	35	rule	rule	PROPN
cblr-2976	250	36	,	,	PUNCT
cblr-2976	250	37	counsel	counsel	NOUN
cblr-2976	250	38	for	for	ADP
cblr-2976	250	39	mgm	mgm	PROPN
cblr-2976	250	40	mirage	mirage	PROPN
cblr-2976	250	41	and	and	CCONJ
cblr-2976	250	42	mandalay	mandalay	NOUN
cblr-2976	250	43	resort	resort	NOUN
cblr-2976	250	44	group	group	NOUN
cblr-2976	250	45	(	(	PUNCT
cblr-2976	250	46	feb	feb	PROPN
cblr-2976	250	47	.	.	PROPN
cblr-2976	250	48	16	16	NUM
cblr-2976	250	49	,	,	PUNCT
cblr-2976	250	50	2005	2005	NUM
cblr-2976	250	51	)	)	PUNCT
cblr-2976	250	52	,	,	PUNCT
cblr-2976	250	53	available	available	ADJ
cblr-2976	250	54	at	at	ADP
cblr-2976	250	55	http:/	http:/	PROPN
cblr-2976	250	56	!	!	PUNCT
cblr-2976	251	1	www.ftc.gov/os/closings/staffj050216mgmmandalay.pdf	www.ftc.gov/os/closings/staffj050216mgmmandalay.pdf	NOUN
cblr-2976	251	2	.	.	PUNCT
cblr-2976	252	1	[	[	X
cblr-2976	252	2	vol	vol	NOUN
cblr-2976	252	3	.	.	PUNCT
cblr-2976	252	4	2007col	2007col	NUM
cblr-2976	252	5	umbia	umbia	NOUN
cblr-2976	252	6	b	b	PROPN
cblr-2976	252	7	usiness	usiness	PROPN
cblr-2976	252	8	la	la	PROPN
cblr-2976	252	9	w	w	PROPN
cblr-2976	252	10	re	re	PROPN
cblr-2976	252	11	vie	vie	PROPN
cblr-2976	252	12	w	w	PROPN
cblr-2976	252	13	no	no	PROPN
cblr-2976	252	14	.	.	PUNCT
cblr-2976	253	1	2:411	2:411	NUM
cblr-2976	253	2	]	]	X
cblr-2976	253	3	coordina	coordina	PROPN
cblr-2976	253	4	ted	te	VERB
cblr-2976	253	5	effects	effect	NOUN
cblr-2976	253	6	in	in	ADP
cblr-2976	253	7	merger	merger	NOUN
cblr-2976	253	8	analysis	analysis	NOUN
cblr-2976	253	9	from	from	ADP
cblr-2976	253	10	"	"	PUNCT
cblr-2976	253	11	cheating	cheat	VERB
cblr-2976	253	12	"	"	PUNCT
cblr-2976	253	13	even	even	ADV
cblr-2976	253	14	if	if	SCONJ
cblr-2976	253	15	one	one	PRON
cblr-2976	253	16	could	could	AUX
cblr-2976	253	17	assume	assume	VERB
cblr-2976	253	18	that	that	SCONJ
cblr-2976	253	19	rivals	rival	NOUN
cblr-2976	253	20	would	would	AUX
cblr-2976	253	21	be	be	AUX
cblr-2976	253	22	able	able	ADJ
cblr-2976	253	23	to	to	PART
cblr-2976	253	24	monitor	monitor	VERB
cblr-2976	253	25	actual	actual	ADJ
cblr-2976	253	26	prices	price	NOUN
cblr-2976	253	27	paid	pay	VERB
cblr-2976	253	28	by	by	ADP
cblr-2976	253	29	hotel	hotel	NOUN
cblr-2976	253	30	guests.-4	guests.-4	ADJ
cblr-2976	253	31	figure	figure	NOUN
cblr-2976	253	32	4	4	NUM
cblr-2976	253	33	:	:	PUNCT
cblr-2976	253	34	pricing	price	VERB
cblr-2976	253	35	patterns	pattern	NOUN
cblr-2976	253	36	for	for	ADP
cblr-2976	253	37	a	a	DET
cblr-2976	253	38	hotel	hotel	NOUN
cblr-2976	253	39	property	property	NOUN
cblr-2976	253	40	in	in	ADP
cblr-2976	253	41	las	las	PROPN
cblr-2976	253	42	vegas	vegas	PROPN
cblr-2976	253	43	$	$	SYM
cblr-2976	253	44	250	250	NUM
cblr-2976	253	45	$	$	SYM
cblr-2976	253	46	200	200	NUM
cblr-2976	253	47	3	3	NUM
cblr-2976	253	48	.	.	PUNCT
cblr-2976	254	1	$	$	SYM
cblr-2976	254	2	15o0	15o0	NUM
cblr-2976	254	3	.b	.b	PROPN
cblr-2976	254	4	a	a	PRON
cblr-2976	254	5	,	,	PUNCT
cblr-2976	254	6	a	a	DET
cblr-2976	254	7	$	$	SYM
cblr-2976	254	8	100	100	NUM
cblr-2976	254	9	a	a	DET
cblr-2976	254	10	aaaonaaaaanoannn	aaaonaaaaanoannn	NOUN
cblr-2976	254	11	nan	nan	PROPN
cblr-2976	254	12	o	o	PROPN
cblr-2976	254	13	0	0	NUM
cblr-2976	254	14	,	,	PUNCT
cblr-2976	254	15	0	0	NUM
cblr-2976	254	16	..	..	PUNCT
cblr-2976	254	17	....	....	PUNCT
cblr-2976	254	18	0	0	PUNCT
cblr-2976	254	19	..	..	PUNCT
cblr-2976	254	20	.	.	PUNCT
cblr-2976	255	1	......	......	PUNCT
cblr-2976	256	1	o	o	PROPN
cblr-2976	257	1	n	n	PRON
cblr-2976	257	2	b	b	PROPN
cblr-2976	257	3	o	o	NOUN
cblr-2976	257	4	•	•	INTJ
cblr-2976	257	5	,	,	PUNCT
cblr-2976	257	6	mo	mo	PROPN
cblr-2976	257	7	?	?	PUNCT
cblr-2976	257	8	o	o	NOUN
cblr-2976	257	9	8	8	NUM
cblr-2976	257	10	.	.	PUNCT
cblr-2976	258	1	o	o	NOUN
cblr-2976	258	2	pa	pa	PROPN
cblr-2976	258	3	88	88	NUM
cblr-2976	258	4	8	8	NUM
cblr-2976	258	5	.	.	PUNCT
cblr-2976	259	1	ai	ai	VERB
cblr-2976	259	2	m.im	m.im	PROPN
cblr-2976	259	3	n	n	ADP
cblr-2976	259	4	a	a	DET
cblr-2976	259	5	a	a	PROPN
cblr-2976	259	6	d	d	PROPN
cblr-2976	259	7	n	n	CCONJ
cblr-2976	259	8	ana	ana	PROPN
cblr-2976	259	9	aec	aec	PROPN
cblr-2976	259	10	n	n	PROPN
cblr-2976	259	11	asul	asul	NOUN
cblr-2976	259	12	0	0	NUM
cblr-2976	259	13	g	g	NOUN
cblr-2976	259	14	aa	aa	NOUN
cblr-2976	259	15	$	$	SYM
cblr-2976	259	16	50	50	NUM
cblr-2976	259	17	"	"	PUNCT
cblr-2976	259	18	"	"	PUNCT
cblr-2976	259	19	$	$	SYM
cblr-2976	259	20	0	0	NUM
cblr-2976	259	21	date	date	NOUN
cblr-2976	259	22	of	of	ADP
cblr-2976	259	23	booking	booking	NOUN
cblr-2976	259	24	as	as	SCONJ
cblr-2976	259	25	these	these	DET
cblr-2976	259	26	cases	case	NOUN
cblr-2976	259	27	demonstrate	demonstrate	VERB
cblr-2976	259	28	,	,	PUNCT
cblr-2976	259	29	pricing	pricing	NOUN
cblr-2976	259	30	complexity	complexity	NOUN
cblr-2976	259	31	can	can	AUX
cblr-2976	259	32	make	make	VERB
cblr-2976	259	33	it	it	PRON
cblr-2976	259	34	difficult	difficult	ADJ
cblr-2976	259	35	for	for	SCONJ
cblr-2976	259	36	firms	firm	NOUN
cblr-2976	259	37	to	to	PART
cblr-2976	259	38	coordinate	coordinate	VERB
cblr-2976	259	39	tacitly	tacitly	ADV
cblr-2976	259	40	on	on	ADP
cblr-2976	259	41	price	price	NOUN
cblr-2976	259	42	.	.	PUNCT
cblr-2976	260	1	yet	yet	CCONJ
cblr-2976	260	2	collusion	collusion	NOUN
cblr-2976	260	3	may	may	AUX
cblr-2976	260	4	take	take	VERB
cblr-2976	260	5	other	other	ADJ
cblr-2976	260	6	forms	form	NOUN
cblr-2976	260	7	aside	aside	ADV
cblr-2976	260	8	from	from	ADP
cblr-2976	260	9	price	price	NOUN
cblr-2976	260	10	coordination	coordination	NOUN
cblr-2976	260	11	.	.	PUNCT
cblr-2976	261	1	for	for	ADP
cblr-2976	261	2	example	example	NOUN
cblr-2976	261	3	,	,	PUNCT
cblr-2976	261	4	incumbents	incumbent	NOUN
cblr-2976	261	5	may	may	AUX
cblr-2976	261	6	agree	agree	VERB
cblr-2976	261	7	on	on	ADP
cblr-2976	261	8	allocation	allocation	NOUN
cblr-2976	261	9	of	of	ADP
cblr-2976	261	10	customers	customer	NOUN
cblr-2976	261	11	or	or	CCONJ
cblr-2976	261	12	territories	territory	NOUN
cblr-2976	261	13	,	,	PUNCT
cblr-2976	261	14	or	or	CCONJ
cblr-2976	261	15	,	,	PUNCT
cblr-2976	261	16	as	as	ADP
cblr-2976	261	17	in	in	ADP
cblr-2976	261	18	the	the	DET
cblr-2976	261	19	cruise	cruise	NOUN
cblr-2976	261	20	line	line	NOUN
cblr-2976	261	21	merger	merger	NOUN
cblr-2976	261	22	,	,	PUNCT
cblr-2976	261	23	one	one	NUM
cblr-2976	261	24	possibility	possibility	NOUN
cblr-2976	261	25	that	that	PRON
cblr-2976	261	26	was	be	AUX
cblr-2976	261	27	considered	consider	VERB
cblr-2976	261	28	entailed	entail	VERB
cblr-2976	261	29	a	a	DET
cblr-2976	261	30	reduction	reduction	NOUN
cblr-2976	261	31	in	in	ADP
cblr-2976	261	32	capacity	capacity	NOUN
cblr-2976	261	33	by	by	ADP
cblr-2976	261	34	taking	take	VERB
cblr-2976	261	35	ships	ship	NOUN
cblr-2976	261	36	out	out	ADP
cblr-2976	261	37	of	of	ADP
cblr-2976	261	38	service	service	NOUN
cblr-2976	261	39	,	,	PUNCT
cblr-2976	261	40	not	not	PART
cblr-2976	261	41	constructing	construct	VERB
cblr-2976	261	42	some	some	PRON
cblr-2976	261	43	of	of	ADP
cblr-2976	261	44	the	the	DET
cblr-2976	261	45	planned	plan	VERB
cblr-2976	261	46	ships	ship	NOUN
cblr-2976	261	47	,	,	PUNCT
cblr-2976	261	48	or	or	CCONJ
cblr-2976	261	49	moving	move	VERB
cblr-2976	261	50	them	they	PRON
cblr-2976	261	51	to	to	ADP
cblr-2976	261	52	different	different	ADJ
cblr-2976	261	53	destinations	destination	NOUN
cblr-2976	261	54	.	.	PUNCT
cblr-2976	262	1	basic	basic	ADJ
cblr-2976	262	2	economic	economic	ADJ
cblr-2976	262	3	theory	theory	NOUN
cblr-2976	262	4	of	of	ADP
cblr-2976	262	5	supply	supply	NOUN
cblr-2976	262	6	and	and	CCONJ
cblr-2976	262	7	demand	demand	NOUN
cblr-2976	262	8	teaches	teach	VERB
cblr-2976	262	9	that	that	SCONJ
cblr-2976	262	10	if	if	SCONJ
cblr-2976	262	11	firms	firm	NOUN
cblr-2976	262	12	remove	remove	VERB
cblr-2976	262	13	enough	enough	ADJ
cblr-2976	262	14	capacity	capacity	NOUN
cblr-2976	262	15	from	from	ADP
cblr-2976	262	16	the	the	DET
cblr-2976	262	17	marketplace	marketplace	NOUN
cblr-2976	262	18	,	,	PUNCT
cblr-2976	262	19	the	the	DET
cblr-2976	262	20	price	price	NOUN
cblr-2976	262	21	may	may	AUX
cblr-2976	262	22	drift	drift	VERB
cblr-2976	262	23	up	up	ADP
cblr-2976	262	24	as	as	ADP
cblr-2976	262	25	a	a	DET
cblr-2976	262	26	result	result	NOUN
cblr-2976	262	27	of	of	ADP
cblr-2976	262	28	the	the	DET
cblr-2976	262	29	decrease	decrease	NOUN
cblr-2976	262	30	in	in	ADP
cblr-2976	262	31	supply	supply	NOUN
cblr-2976	262	32	.	.	PUNCT
cblr-2976	263	1	thus	thus	ADV
cblr-2976	263	2	,	,	PUNCT
cblr-2976	263	3	it	it	PRON
cblr-2976	263	4	is	be	AUX
cblr-2976	263	5	not	not	PART
cblr-2976	263	6	unusual	unusual	ADJ
cblr-2976	263	7	for	for	SCONJ
cblr-2976	263	8	economists	economist	NOUN
cblr-2976	263	9	to	to	PART
cblr-2976	263	10	find	find	VERB
cblr-2976	263	11	that	that	SCONJ
cblr-2976	263	12	the	the	DET
cblr-2976	263	13	object	object	NOUN
cblr-2976	263	14	of	of	ADP
cblr-2976	263	15	collusion	collusion	NOUN
cblr-2976	263	16	is	be	AUX
cblr-2976	263	17	controlling	control	VERB
cblr-2976	263	18	quantity	quantity	NOUN
cblr-2976	263	19	or	or	CCONJ
cblr-2976	263	20	capacity	capacity	NOUN
cblr-2976	263	21	rather	rather	ADV
cblr-2976	263	22	than	than	ADP
cblr-2976	263	23	price	price	NOUN
cblr-2976	263	24	.	.	PUNCT
cblr-2976	264	1	this	this	DET
cblr-2976	264	2	theory	theory	NOUN
cblr-2976	264	3	of	of	ADP
cblr-2976	264	4	collusion	collusion	NOUN
cblr-2976	264	5	by	by	ADP
cblr-2976	264	6	capacity	capacity	NOUN
cblr-2976	264	7	restrictions	restriction	NOUN
cblr-2976	264	8	was	be	AUX
cblr-2976	264	9	a	a	DET
cblr-2976	264	10	key	key	ADJ
cblr-2976	264	11	issue	issue	NOUN
cblr-2976	264	12	in	in	ADP
cblr-2976	264	13	the	the	DET
cblr-2976	264	14	recent	recent	ADJ
cblr-2976	264	15	case	case	NOUN
cblr-2976	264	16	in	in	ADP
cblr-2976	264	17	which	which	PRON
cblr-2976	264	18	the	the	DET
cblr-2976	264	19	ftc	ftc	PROPN
cblr-2976	264	20	requested	request	VERB
cblr-2976	264	21	a	a	DET
cblr-2976	264	22	"	"	PUNCT
cblr-2976	264	23	'	'	PUNCT
cblr-2976	264	24	in	in	ADP
cblr-2976	264	25	the	the	DET
cblr-2976	264	26	cruise	cruise	NOUN
cblr-2976	264	27	line	line	NOUN
cblr-2976	264	28	business	business	NOUN
cblr-2976	264	29	and	and	CCONJ
cblr-2976	264	30	in	in	ADP
cblr-2976	264	31	the	the	DET
cblr-2976	264	32	hotel	hotel	NOUN
cblr-2976	264	33	business	business	NOUN
cblr-2976	264	34	,	,	PUNCT
cblr-2976	264	35	rack	rack	VERB
cblr-2976	264	36	prices	price	NOUN
cblr-2976	264	37	bear	bear	VERB
cblr-2976	264	38	little	little	ADJ
cblr-2976	264	39	resemblance	resemblance	NOUN
cblr-2976	264	40	to	to	ADP
cblr-2976	264	41	the	the	DET
cblr-2976	264	42	actual	actual	ADJ
cblr-2976	264	43	prices	price	NOUN
cblr-2976	264	44	paid	pay	VERB
cblr-2976	264	45	by	by	ADP
cblr-2976	264	46	customers	customer	NOUN
cblr-2976	264	47	.	.	PUNCT
cblr-2976	265	1	preliminary	preliminary	ADJ
cblr-2976	265	2	injunction	injunction	NOUN
cblr-2976	265	3	to	to	PART
cblr-2976	265	4	prevent	prevent	VERB
cblr-2976	265	5	arch	arch	ADJ
cblr-2976	265	6	coal	coal	NOUN
cblr-2976	265	7	from	from	ADP
cblr-2976	265	8	acquiring	acquire	VERB
cblr-2976	265	9	triton	triton	PROPN
cblr-2976	265	10	coal	coal	NOUN
cblr-2976	265	11	company	company	NOUN
cblr-2976	265	12	.	.	PUNCT
cblr-2976	266	1	in	in	ADP
cblr-2976	266	2	august	august	PROPN
cblr-2976	266	3	2004	2004	NUM
cblr-2976	266	4	,	,	PUNCT
cblr-2976	266	5	a	a	DET
cblr-2976	266	6	u.s	u.s	PROPN
cblr-2976	266	7	.	.	PROPN
cblr-2976	266	8	district	district	PROPN
cblr-2976	266	9	court	court	NOUN
cblr-2976	266	10	denied	deny	VERB
cblr-2976	266	11	that	that	DET
cblr-2976	266	12	request	request	NOUN
cblr-2976	266	13	.	.	PUNCT
cblr-2976	267	1	5	5	NUM
cblr-2976	267	2	in	in	ADP
cblr-2976	267	3	that	that	DET
cblr-2976	267	4	case	case	NOUN
cblr-2976	267	5	the	the	DET
cblr-2976	267	6	ftc	ftc	PROPN
cblr-2976	267	7	relied	rely	VERB
cblr-2976	267	8	on	on	ADP
cblr-2976	267	9	a	a	DET
cblr-2976	267	10	theory	theory	NOUN
cblr-2976	267	11	of	of	ADP
cblr-2976	267	12	coordinated	coordinate	VERB
cblr-2976	267	13	interaction	interaction	NOUN
cblr-2976	267	14	through	through	ADP
cblr-2976	267	15	output	output	NOUN
cblr-2976	267	16	restriction	restriction	NOUN
cblr-2976	267	17	,	,	PUNCT
cblr-2976	267	18	according	accord	VERB
cblr-2976	267	19	to	to	ADP
cblr-2976	267	20	which	which	PRON
cblr-2976	267	21	the	the	DET
cblr-2976	267	22	major	major	ADJ
cblr-2976	267	23	coal	coal	NOUN
cblr-2976	267	24	producers	producer	NOUN
cblr-2976	267	25	would	would	AUX
cblr-2976	267	26	limit	limit	VERB
cblr-2976	267	27	extraction	extraction	NOUN
cblr-2976	267	28	to	to	PART
cblr-2976	267	29	drive	drive	VERB
cblr-2976	267	30	up	up	ADP
cblr-2976	267	31	price	price	NOUN
cblr-2976	267	32	by	by	ADP
cblr-2976	267	33	having	have	VERB
cblr-2976	267	34	supply	supply	NOUN
cblr-2976	267	35	lag	lag	VERB
cblr-2976	267	36	behind	behind	ADP
cblr-2976	267	37	rising	rise	VERB
cblr-2976	267	38	demand	demand	NOUN
cblr-2976	267	39	.	.	PUNCT
cblr-2976	268	1	what	what	PRON
cblr-2976	268	2	was	be	AUX
cblr-2976	268	3	puzzling	puzzle	VERB
cblr-2976	268	4	about	about	ADP
cblr-2976	268	5	the	the	DET
cblr-2976	268	6	court	court	NOUN
cblr-2976	268	7	's	's	PART
cblr-2976	268	8	opinion	opinion	NOUN
cblr-2976	268	9	is	be	AUX
cblr-2976	268	10	that	that	SCONJ
cblr-2976	268	11	the	the	DET
cblr-2976	268	12	judge	judge	NOUN
cblr-2976	268	13	somehow	somehow	ADV
cblr-2976	268	14	found	find	VERB
cblr-2976	268	15	the	the	DET
cblr-2976	268	16	notion	notion	NOUN
cblr-2976	268	17	of	of	ADP
cblr-2976	268	18	collusion	collusion	NOUN
cblr-2976	268	19	on	on	ADP
cblr-2976	268	20	capacity	capacity	NOUN
cblr-2976	268	21	to	to	PART
cblr-2976	268	22	be	be	AUX
cblr-2976	268	23	a	a	DET
cblr-2976	268	24	novel	novel	NOUN
cblr-2976	268	25	idea.36	idea.36	NOUN
cblr-2976	268	26	this	this	PRON
cblr-2976	268	27	is	be	AUX
cblr-2976	268	28	surprising	surprising	ADJ
cblr-2976	268	29	given	give	VERB
cblr-2976	268	30	that	that	DET
cblr-2976	268	31	tacit	tacit	ADJ
cblr-2976	268	32	collusion	collusion	NOUN
cblr-2976	268	33	based	base	VERB
cblr-2976	268	34	on	on	ADP
cblr-2976	268	35	a	a	DET
cblr-2976	268	36	cournot	cournot	ADJ
cblr-2976	268	37	model	model	NOUN
cblr-2976	268	38	explicitly	explicitly	ADV
cblr-2976	268	39	contemplates	contemplate	VERB
cblr-2976	268	40	the	the	DET
cblr-2976	268	41	possibility	possibility	NOUN
cblr-2976	268	42	of	of	ADP
cblr-2976	268	43	coordination	coordination	NOUN
cblr-2976	268	44	based	base	VERB
cblr-2976	268	45	on	on	ADP
cblr-2976	268	46	capacity	capacity	NOUN
cblr-2976	268	47	and	and	CCONJ
cblr-2976	268	48	output	output	NOUN
cblr-2976	268	49	.	.	PUNCT
cblr-2976	269	1	such	such	ADJ
cblr-2976	269	2	coordination	coordination	NOUN
cblr-2976	269	3	can	can	AUX
cblr-2976	269	4	be	be	AUX
cblr-2976	269	5	difficult	difficult	ADJ
cblr-2976	269	6	to	to	PART
cblr-2976	269	7	achieve	achieve	VERB
cblr-2976	269	8	,	,	PUNCT
cblr-2976	269	9	however	however	ADV
cblr-2976	269	10	,	,	PUNCT
cblr-2976	269	11	especially	especially	ADV
cblr-2976	269	12	when	when	SCONJ
cblr-2976	269	13	the	the	DET
cblr-2976	269	14	demand	demand	NOUN
cblr-2976	269	15	is	be	AUX
cblr-2976	269	16	uncertain	uncertain	ADJ
cblr-2976	269	17	or	or	CCONJ
cblr-2976	269	18	growing	grow	VERB
cblr-2976	269	19	.	.	PUNCT
cblr-2976	270	1	there	there	PRON
cblr-2976	270	2	is	be	VERB
cblr-2976	270	3	no	no	DET
cblr-2976	270	4	such	such	ADJ
cblr-2976	270	5	thing	thing	NOUN
cblr-2976	270	6	as	as	ADP
cblr-2976	270	7	homogeneous	homogeneous	ADJ
cblr-2976	270	8	"	"	PUNCT
cblr-2976	270	9	capacity	capacity	NOUN
cblr-2976	270	10	,	,	PUNCT
cblr-2976	270	11	"	"	PUNCT
cblr-2976	270	12	and	and	CCONJ
cblr-2976	270	13	capacity	capacity	NOUN
cblr-2976	270	14	decisions	decision	NOUN
cblr-2976	270	15	must	must	AUX
cblr-2976	270	16	be	be	AUX
cblr-2976	270	17	coordinated	coordinate	VERB
cblr-2976	270	18	on	on	ADP
cblr-2976	270	19	many	many	ADJ
cblr-2976	270	20	dimensions	dimension	NOUN
cblr-2976	270	21	.	.	PUNCT
cblr-2976	271	1	thus	thus	ADV
cblr-2976	271	2	,	,	PUNCT
cblr-2976	271	3	collusion	collusion	NOUN
cblr-2976	271	4	on	on	ADP
cblr-2976	271	5	output	output	NOUN
cblr-2976	271	6	or	or	CCONJ
cblr-2976	271	7	capacity	capacity	NOUN
cblr-2976	271	8	is	be	AUX
cblr-2976	271	9	not	not	PART
cblr-2976	271	10	necessarily	necessarily	ADV
cblr-2976	271	11	easier	easy	ADJ
cblr-2976	271	12	to	to	PART
cblr-2976	271	13	implement	implement	VERB
cblr-2976	271	14	than	than	ADP
cblr-2976	271	15	collusion	collusion	NOUN
cblr-2976	271	16	on	on	ADP
cblr-2976	271	17	prices	price	NOUN
cblr-2976	271	18	.	.	PUNCT
cblr-2976	272	1	7	7	NUM
cblr-2976	272	2	further	far	ADV
cblr-2976	272	3	,	,	PUNCT
cblr-2976	272	4	in	in	ADP
cblr-2976	272	5	arch	arch	ADJ
cblr-2976	272	6	coal	coal	NOUN
cblr-2976	272	7	,	,	PUNCT
cblr-2976	272	8	the	the	DET
cblr-2976	272	9	ftc	ftc	PROPN
cblr-2976	272	10	postulated	postulate	VERB
cblr-2976	272	11	that	that	SCONJ
cblr-2976	272	12	the	the	DET
cblr-2976	272	13	merger	merger	NOUN
cblr-2976	272	14	would	would	AUX
cblr-2976	272	15	not	not	PART
cblr-2976	272	16	reduce	reduce	VERB
cblr-2976	272	17	supply	supply	NOUN
cblr-2976	272	18	,	,	PUNCT
cblr-2976	272	19	but	but	CCONJ
cblr-2976	272	20	rather	rather	ADV
cblr-2976	272	21	would	would	AUX
cblr-2976	272	22	slow	slow	VERB
cblr-2976	272	23	the	the	DET
cblr-2976	272	24	growth	growth	NOUN
cblr-2976	272	25	of	of	ADP
cblr-2976	272	26	supply	supply	NOUN
cblr-2976	272	27	relative	relative	ADJ
cblr-2976	272	28	to	to	ADP
cblr-2976	272	29	some	some	DET
cblr-2976	272	30	unspecified	unspecified	ADJ
cblr-2976	272	31	benchmark	benchmark	NOUN
cblr-2976	272	32	.	.	PUNCT
cblr-2976	273	1	judge	judge	PROPN
cblr-2976	273	2	bates	bates	PROPN
cblr-2976	273	3	correctly	correctly	ADV
cblr-2976	273	4	found	find	VERB
cblr-2976	273	5	that	that	SCONJ
cblr-2976	273	6	the	the	DET
cblr-2976	273	7	merger	merger	NOUN
cblr-2976	273	8	would	would	AUX
cblr-2976	273	9	have	have	AUX
cblr-2976	273	10	been	be	AUX
cblr-2976	273	11	unlikely	unlikely	ADJ
cblr-2976	273	12	to	to	PART
cblr-2976	273	13	result	result	VERB
cblr-2976	273	14	in	in	ADP
cblr-2976	273	15	that	that	DET
cblr-2976	273	16	kind	kind	NOUN
cblr-2976	273	17	of	of	ADP
cblr-2976	273	18	tacit	tacit	ADJ
cblr-2976	273	19	collusion	collusion	NOUN
cblr-2976	273	20	on	on	ADP
cblr-2976	273	21	capacity	capacity	NOUN
cblr-2976	273	22	because	because	SCONJ
cblr-2976	273	23	it	it	PRON
cblr-2976	273	24	would	would	AUX
cblr-2976	273	25	have	have	AUX
cblr-2976	273	26	been	be	AUX
cblr-2976	273	27	difficult	difficult	ADJ
cblr-2976	273	28	to	to	PART
cblr-2976	273	29	implement	implement	VERB
cblr-2976	273	30	such	such	DET
cblr-2976	273	31	an	an	DET
cblr-2976	273	32	agreement	agreement	NOUN
cblr-2976	273	33	,	,	PUNCT
cblr-2976	273	34	ensure	ensure	VERB
cblr-2976	273	35	its	its	PRON
cblr-2976	273	36	stability	stability	NOUN
cblr-2976	273	37	,	,	PUNCT
cblr-2976	273	38	and	and	CCONJ
cblr-2976	273	39	detect	detect	VERB
cblr-2976	273	40	deviations	deviation	NOUN
cblr-2976	273	41	,	,	PUNCT
cblr-2976	273	42	especially	especially	ADV
cblr-2976	273	43	in	in	ADP
cblr-2976	273	44	the	the	DET
cblr-2976	273	45	absence	absence	NOUN
cblr-2976	273	46	of	of	ADP
cblr-2976	273	47	consensus	consensus	NOUN
cblr-2976	273	48	on	on	ADP
cblr-2976	273	49	the	the	DET
cblr-2976	273	50	likely	likely	ADJ
cblr-2976	273	51	future	future	ADJ
cblr-2976	273	52	evolution	evolution	NOUN
cblr-2976	273	53	of	of	ADP
cblr-2976	273	54	demand	demand	NOUN
cblr-2976	273	55	and	and	CCONJ
cblr-2976	273	56	demand	demand	NOUN
cblr-2976	273	57	volatility	volatility	NOUN
cblr-2976	273	58	.	.	PUNCT
cblr-2976	274	1	8	8	NUM
cblr-2976	274	2	the	the	DET
cblr-2976	274	3	few	few	ADJ
cblr-2976	274	4	cases	case	NOUN
cblr-2976	274	5	briefly	briefly	ADV
cblr-2976	274	6	discussed	discuss	VERB
cblr-2976	274	7	in	in	ADP
cblr-2976	274	8	this	this	DET
cblr-2976	274	9	section	section	NOUN
cblr-2976	274	10	illustrate	illustrate	VERB
cblr-2976	274	11	several	several	ADJ
cblr-2976	274	12	points	point	NOUN
cblr-2976	274	13	.	.	PUNCT
cblr-2976	275	1	first	first	ADJ
cblr-2976	275	2	,	,	PUNCT
cblr-2976	275	3	tacit	tacit	ADJ
cblr-2976	275	4	collusion	collusion	NOUN
cblr-2976	275	5	,	,	PUNCT
cblr-2976	275	6	if	if	SCONJ
cblr-2976	275	7	any	any	PRON
cblr-2976	275	8	,	,	PUNCT
cblr-2976	275	9	has	have	VERB
cblr-2976	275	10	to	to	PART
cblr-2976	275	11	take	take	VERB
cblr-2976	275	12	place	place	NOUN
cblr-2976	275	13	and	and	CCONJ
cblr-2976	275	14	be	be	AUX
cblr-2976	275	15	sustained	sustain	VERB
cblr-2976	275	16	in	in	ADP
cblr-2976	275	17	markets	market	NOUN
cblr-2976	275	18	that	that	PRON
cblr-2976	275	19	are	be	AUX
cblr-2976	275	20	much	much	ADV
cblr-2976	275	21	more	more	ADV
cblr-2976	275	22	complex	complex	ADJ
cblr-2976	275	23	"	"	PUNCT
cblr-2976	275	24	ftc	ftc	PROPN
cblr-2976	275	25	v.	v.	ADP
cblr-2976	275	26	arch	arch	ADJ
cblr-2976	275	27	coal	coal	NOUN
cblr-2976	275	28	,	,	PUNCT
cblr-2976	275	29	329	329	NUM
cblr-2976	275	30	f.	f.	PROPN
cblr-2976	275	31	supp	supp	PROPN
cblr-2976	275	32	.	.	PUNCT
cblr-2976	276	1	2d	2d	NOUN
cblr-2976	276	2	109	109	NUM
cblr-2976	276	3	(	(	PUNCT
cblr-2976	276	4	d.d.c	d.d.c	PROPN
cblr-2976	276	5	.	.	PROPN
cblr-2976	276	6	2004	2004	NUM
cblr-2976	276	7	)	)	PUNCT
cblr-2976	276	8	,	,	PUNCT
cblr-2976	276	9	appeal	appeal	NOUN
cblr-2976	276	10	dismissed	dismiss	VERB
cblr-2976	276	11	per	per	ADP
cblr-2976	276	12	curiam	curiam	NOUN
cblr-2976	276	13	,	,	PUNCT
cblr-2976	276	14	no	no	INTJ
cblr-2976	276	15	.	.	NOUN
cblr-2976	276	16	04	04	NUM
cblr-2976	276	17	-	-	SYM
cblr-2976	276	18	5291	5291	NUM
cblr-2976	276	19	,	,	PUNCT
cblr-2976	276	20	2004	2004	NUM
cblr-2976	276	21	wl	wl	SYM
cblr-2976	276	22	2066879	2066879	NUM
cblr-2976	276	23	(	(	PUNCT
cblr-2976	276	24	d.c	d.c	PROPN
cblr-2976	276	25	.	.	PROPN
cblr-2976	276	26	cir	cir	PROPN
cblr-2976	276	27	.	.	PUNCT
cblr-2976	277	1	sept	sept	PROPN
cblr-2976	277	2	.	.	PROPN
cblr-2976	277	3	15	15	NUM
cblr-2976	277	4	,	,	PUNCT
cblr-2976	277	5	2004	2004	NUM
cblr-2976	277	6	)	)	PUNCT
cblr-2976	277	7	.	.	PUNCT
cblr-2976	278	1	36	36	NUM
cblr-2976	279	1	i	i	PRON
cblr-2976	279	2	d.	d.	PROPN
cblr-2976	279	3	at	at	ADP
cblr-2976	279	4	131	131	NUM
cblr-2976	279	5	.	.	PUNCT
cblr-2976	279	6	31	31	NUM
cblr-2976	279	7	see	see	VERB
cblr-2976	279	8	airtours	airtours	PROPN
cblr-2976	279	9	/	/	SYM
cblr-2976	279	10	first	first	ADJ
cblr-2976	279	11	choice	choice	NOUN
cblr-2976	279	12	merger	merger	NOUN
cblr-2976	279	13	,	,	PUNCT
cblr-2976	279	14	case	case	NOUN
cblr-2976	279	15	t-342/99	t-342/99	ADJ
cblr-2976	279	16	,	,	PUNCT
cblr-2976	279	17	airtours	airtours	PROPN
cblr-2976	279	18	v.	v.	ADP
cblr-2976	279	19	commission	commission	PROPN
cblr-2976	280	1	[	[	X
cblr-2976	280	2	2002	2002	NUM
cblr-2976	280	3	]	]	X
cblr-2976	280	4	e.c.r	e.c.r	PROPN
cblr-2976	280	5	.	.	PUNCT
cblr-2976	280	6	ii-2585	ii-2585	PROPN
cblr-2976	280	7	.	.	PUNCT
cblr-2976	281	1	the	the	DET
cblr-2976	281	2	commission	commission	NOUN
cblr-2976	281	3	decision	decision	NOUN
cblr-2976	281	4	can	can	AUX
cblr-2976	281	5	be	be	AUX
cblr-2976	281	6	found	find	VERB
cblr-2976	281	7	at	at	ADP
cblr-2976	281	8	http://europa.eu.int/comm/competition/mergers/cases/decisions/m1524	http://europa.eu.int/comm/competition/mergers/cases/decisions/m1524	PROPN
cblr-2976	281	9	_	_	PROPN
cblr-2976	281	10	en.pdf	en.pdf	PROPN
cblr-2976	281	11	,	,	PUNCT
cblr-2976	281	12	and	and	CCONJ
cblr-2976	281	13	the	the	DET
cblr-2976	281	14	court	court	NOUN
cblr-2976	281	15	's	's	PART
cblr-2976	281	16	decision	decision	NOUN
cblr-2976	281	17	that	that	PRON
cblr-2976	281	18	overturned	overturn	VERB
cblr-2976	281	19	the	the	DET
cblr-2976	281	20	commission	commission	NOUN
cblr-2976	281	21	decision	decision	NOUN
cblr-2976	281	22	at	at	ADP
cblr-2976	281	23	http://europa.eu.int/smartapi/cgi/sga-doc?smartapi!celexplus!prod	http://europa.eu.int/smartapi/cgi/sga-doc?smartapi!celexplus!prod	X
cblr-2976	281	24	!	!	PUNCT
cblr-2976	282	1	celexnumdoc&lg	celexnumdoc&lg	NOUN
cblr-2976	282	2	=	=	NOUN
cblr-2976	282	3	en&numdoc=61999a0342	en&numdoc=61999a0342	X
cblr-2976	282	4	.	.	PUNCT
cblr-2976	283	1	3	3	NUM
cblr-2976	283	2	'	'	PART
cblr-2976	283	3	arch	arch	ADJ
cblr-2976	283	4	coal	coal	NOUN
cblr-2976	283	5	,	,	PUNCT
cblr-2976	283	6	129	129	NUM
cblr-2976	283	7	f.	f.	PROPN
cblr-2976	283	8	supp	supp	PROPN
cblr-2976	283	9	.	.	PUNCT
cblr-2976	284	1	2d	2d	NOUN
cblr-2976	284	2	at	at	ADP
cblr-2976	284	3	140	140	NUM
cblr-2976	284	4	-	-	SYM
cblr-2976	284	5	46	46	NUM
cblr-2976	284	6	.	.	PUNCT
cblr-2976	285	1	col	col	PROPN
cblr-2976	285	2	umbia	umbia	PROPN
cblr-2976	285	3	business	business	PROPN
cblr-2976	285	4	la	la	PROPN
cblr-2976	285	5	w	w	PROPN
cblr-2976	285	6	re	re	PROPN
cblr-2976	285	7	vie	vie	PROPN
cblr-2976	285	8	w	w	PROPN
cblr-2976	286	1	[	[	X
cblr-2976	286	2	vol	vol	NOUN
cblr-2976	286	3	.	.	NOUN
cblr-2976	286	4	2007	2007	NUM
cblr-2976	287	1	no	no	NOUN
cblr-2976	287	2	.	.	PUNCT
cblr-2976	288	1	2:411	2:411	NUM
cblr-2976	288	2	]	]	PUNCT
cblr-2976	288	3	coordinated	coordinate	VERB
cblr-2976	288	4	effects	effect	NOUN
cblr-2976	288	5	in	in	ADP
cblr-2976	288	6	merger	merger	NOUN
cblr-2976	288	7	analysis	analysis	NOUN
cblr-2976	288	8	433	433	NUM
cblr-2976	288	9	than	than	ADP
cblr-2976	288	10	those	those	PRON
cblr-2976	288	11	that	that	PRON
cblr-2976	288	12	are	be	AUX
cblr-2976	288	13	considered	consider	VERB
cblr-2976	288	14	in	in	ADP
cblr-2976	288	15	even	even	ADV
cblr-2976	288	16	the	the	DET
cblr-2976	288	17	most	most	ADV
cblr-2976	288	18	sophisticated	sophisticated	ADJ
cblr-2976	288	19	theoretical	theoretical	ADJ
cblr-2976	288	20	models	model	NOUN
cblr-2976	288	21	of	of	ADP
cblr-2976	288	22	collusion	collusion	NOUN
cblr-2976	288	23	.	.	PUNCT
cblr-2976	289	1	second	second	ADJ
cblr-2976	289	2	,	,	PUNCT
cblr-2976	289	3	these	these	DET
cblr-2976	289	4	models	model	NOUN
cblr-2976	289	5	,	,	PUNCT
cblr-2976	289	6	nevertheless	nevertheless	ADV
cblr-2976	289	7	,	,	PUNCT
cblr-2976	289	8	provide	provide	VERB
cblr-2976	289	9	some	some	DET
cblr-2976	289	10	guidance	guidance	NOUN
cblr-2976	289	11	as	as	ADP
cblr-2976	289	12	to	to	ADP
cblr-2976	289	13	the	the	DET
cblr-2976	289	14	type	type	NOUN
cblr-2976	289	15	of	of	ADP
cblr-2976	289	16	empirical	empirical	ADJ
cblr-2976	289	17	evidence	evidence	NOUN
cblr-2976	289	18	that	that	PRON
cblr-2976	289	19	may	may	AUX
cblr-2976	289	20	be	be	AUX
cblr-2976	289	21	helpful	helpful	ADJ
cblr-2976	289	22	in	in	ADP
cblr-2976	289	23	proving	prove	VERB
cblr-2976	289	24	or	or	CCONJ
cblr-2976	289	25	disproving	disprove	VERB
cblr-2976	289	26	the	the	DET
cblr-2976	289	27	risks	risk	NOUN
cblr-2976	289	28	of	of	ADP
cblr-2976	289	29	collusion	collusion	NOUN
cblr-2976	289	30	after	after	ADP
cblr-2976	289	31	the	the	DET
cblr-2976	289	32	mergers	merger	NOUN
cblr-2976	289	33	.	.	PUNCT
cblr-2976	290	1	in	in	ADP
cblr-2976	290	2	particular	particular	ADJ
cblr-2976	290	3	,	,	PUNCT
cblr-2976	290	4	empirical	empirical	ADJ
cblr-2976	290	5	evidence	evidence	NOUN
cblr-2976	290	6	that	that	PRON
cblr-2976	290	7	demonstrates	demonstrate	VERB
cblr-2976	290	8	the	the	DET
cblr-2976	290	9	complexity	complexity	NOUN
cblr-2976	290	10	of	of	ADP
cblr-2976	290	11	business	business	NOUN
cblr-2976	290	12	decisions	decision	NOUN
cblr-2976	290	13	(	(	PUNCT
cblr-2976	290	14	e.g.	e.g.	ADV
cblr-2976	290	15	,	,	PUNCT
cblr-2976	290	16	pricing	pricing	NOUN
cblr-2976	290	17	)	)	PUNCT
cblr-2976	290	18	in	in	ADP
cblr-2976	290	19	response	response	NOUN
cblr-2976	290	20	to	to	ADP
cblr-2976	290	21	customer	customer	NOUN
cblr-2976	290	22	heterogeneity	heterogeneity	NOUN
cblr-2976	290	23	and	and	CCONJ
cblr-2976	290	24	market	market	NOUN
cblr-2976	290	25	instability	instability	NOUN
cblr-2976	290	26	can	can	AUX
cblr-2976	290	27	go	go	VERB
cblr-2976	290	28	a	a	DET
cblr-2976	290	29	long	long	ADJ
cblr-2976	290	30	way	way	NOUN
cblr-2976	290	31	to	to	PART
cblr-2976	290	32	assuage	assuage	VERB
cblr-2976	290	33	concerns	concern	NOUN
cblr-2976	290	34	about	about	ADP
cblr-2976	290	35	the	the	DET
cblr-2976	290	36	risks	risk	NOUN
cblr-2976	290	37	of	of	ADP
cblr-2976	290	38	collusion	collusion	NOUN
cblr-2976	290	39	postmerger	postmerger	NOUN
cblr-2976	290	40	.	.	PUNCT
cblr-2976	291	1	thirdly	thirdly	ADV
cblr-2976	291	2	,	,	PUNCT
cblr-2976	291	3	unlike	unlike	ADP
cblr-2976	291	4	in	in	ADP
cblr-2976	291	5	the	the	DET
cblr-2976	291	6	realm	realm	NOUN
cblr-2976	291	7	of	of	ADP
cblr-2976	291	8	unilateral	unilateral	ADJ
cblr-2976	291	9	effects	effect	NOUN
cblr-2976	291	10	,	,	PUNCT
cblr-2976	291	11	while	while	SCONJ
cblr-2976	291	12	the	the	DET
cblr-2976	291	13	analytical	analytical	ADJ
cblr-2976	291	14	tools	tool	NOUN
cblr-2976	291	15	are	be	AUX
cblr-2976	291	16	improving	improve	VERB
cblr-2976	291	17	,	,	PUNCT
cblr-2976	291	18	the	the	DET
cblr-2976	291	19	high	high	ADV
cblr-2976	291	20	-	-	PUNCT
cblr-2976	291	21	powered	power	VERB
cblr-2976	291	22	econometrics	econometrics	NOUN
cblr-2976	291	23	of	of	ADP
cblr-2976	291	24	merger	merger	NOUN
cblr-2976	291	25	simulation	simulation	NOUN
cblr-2976	291	26	is	be	AUX
cblr-2976	291	27	not	not	PART
cblr-2976	291	28	yet	yet	ADV
cblr-2976	291	29	the	the	DET
cblr-2976	291	30	standard	standard	NOUN
cblr-2976	291	31	.	.	PUNCT
cblr-2976	292	1	this	this	PRON
cblr-2976	292	2	leaves	leave	VERB
cblr-2976	292	3	more	more	ADJ
cblr-2976	292	4	room	room	NOUN
cblr-2976	292	5	for	for	ADP
cblr-2976	292	6	the	the	DET
cblr-2976	292	7	types	type	NOUN
cblr-2976	292	8	of	of	ADP
cblr-2976	292	9	analyses	analysis	NOUN
cblr-2976	292	10	and	and	CCONJ
cblr-2976	292	11	evidence	evidence	NOUN
cblr-2976	292	12	that	that	SCONJ
cblr-2976	292	13	professor	professor	NOUN
cblr-2976	292	14	handler	handler	NOUN
cblr-2976	292	15	would	would	AUX
cblr-2976	292	16	likely	likely	ADV
cblr-2976	292	17	find	find	VERB
cblr-2976	292	18	congenial	congenial	ADJ
cblr-2976	292	19	.	.	PUNCT
cblr-2976	293	1	v.	v.	ADP
cblr-2976	293	2	implications	implication	NOUN
cblr-2976	293	3	for	for	ADP
cblr-2976	293	4	public	public	ADJ
cblr-2976	293	5	policy	policy	NOUN
cblr-2976	293	6	,	,	PUNCT
cblr-2976	293	7	again	again	ADV
cblr-2976	293	8	as	as	SCONJ
cblr-2976	293	9	described	describe	VERB
cblr-2976	293	10	above	above	ADV
cblr-2976	293	11	,	,	PUNCT
cblr-2976	293	12	economics	economic	NOUN
cblr-2976	293	13	is	be	AUX
cblr-2976	293	14	deepening	deepen	VERB
cblr-2976	293	15	its	its	PRON
cblr-2976	293	16	understanding	understanding	NOUN
cblr-2976	293	17	of	of	ADP
cblr-2976	293	18	coordinated	coordinate	VERB
cblr-2976	293	19	effects	effect	NOUN
cblr-2976	293	20	and	and	CCONJ
cblr-2976	293	21	is	be	AUX
cblr-2976	293	22	developing	develop	VERB
cblr-2976	293	23	novel	novel	ADJ
cblr-2976	293	24	analytical	analytical	ADJ
cblr-2976	293	25	approaches	approach	NOUN
cblr-2976	293	26	to	to	ADP
cblr-2976	293	27	gauging	gauge	VERB
cblr-2976	293	28	the	the	DET
cblr-2976	293	29	risks	risk	NOUN
cblr-2976	293	30	of	of	ADP
cblr-2976	293	31	such	such	ADJ
cblr-2976	293	32	effects	effect	NOUN
cblr-2976	293	33	.	.	PUNCT
cblr-2976	294	1	the	the	DET
cblr-2976	294	2	traditional	traditional	ADJ
cblr-2976	294	3	"	"	PUNCT
cblr-2976	294	4	policy	policy	NOUN
cblr-2976	294	5	shortcuts	shortcut	NOUN
cblr-2976	294	6	"	"	PUNCT
cblr-2976	294	7	used	use	VERB
cblr-2976	294	8	for	for	ADP
cblr-2976	294	9	this	this	DET
cblr-2976	294	10	purpose	purpose	NOUN
cblr-2976	294	11	-	-	PUNCT
cblr-2976	294	12	as	as	SCONJ
cblr-2976	294	13	reflected	reflect	VERB
cblr-2976	294	14	in	in	ADP
cblr-2976	294	15	the	the	DET
cblr-2976	294	16	"	"	PUNCT
cblr-2976	294	17	checklists	checklist	NOUN
cblr-2976	294	18	"	"	PUNCT
cblr-2976	294	19	in	in	ADP
cblr-2976	294	20	the	the	DET
cblr-2976	294	21	us	us	PROPN
cblr-2976	294	22	and	and	CCONJ
cblr-2976	294	23	in	in	ADP
cblr-2976	294	24	the	the	DET
cblr-2976	294	25	eu	eu	PROPN
cblr-2976	294	26	merger	merger	PROPN
cblr-2976	294	27	guidelines	guideline	NOUN
cblr-2976	294	28	-	-	PUNCT
cblr-2976	294	29	are	be	AUX
cblr-2976	294	30	still	still	ADV
cblr-2976	294	31	useful	useful	ADJ
cblr-2976	294	32	but	but	CCONJ
cblr-2976	294	33	have	have	VERB
cblr-2976	294	34	to	to	PART
cblr-2976	294	35	be	be	AUX
cblr-2976	294	36	used	use	VERB
cblr-2976	294	37	with	with	ADP
cblr-2976	294	38	care	care	NOUN
cblr-2976	294	39	and	and	CCONJ
cblr-2976	294	40	with	with	ADP
cblr-2976	294	41	attention	attention	NOUN
cblr-2976	294	42	to	to	ADP
cblr-2976	294	43	the	the	DET
cblr-2976	294	44	micro	micro	NOUN
cblr-2976	294	45	-	-	NOUN
cblr-2976	294	46	details	detail	NOUN
cblr-2976	294	47	of	of	ADP
cblr-2976	294	48	the	the	DET
cblr-2976	294	49	industry	industry	NOUN
cblr-2976	294	50	or	or	CCONJ
cblr-2976	294	51	industries	industry	NOUN
cblr-2976	294	52	involved	involve	VERB
cblr-2976	294	53	.	.	PUNCT
cblr-2976	295	1	the	the	DET
cblr-2976	295	2	key	key	ADJ
cblr-2976	295	3	economic	economic	ADJ
cblr-2976	295	4	lesson	lesson	NOUN
cblr-2976	295	5	that	that	PRON
cblr-2976	295	6	carries	carry	VERB
cblr-2976	295	7	throughout	throughout	ADP
cblr-2976	295	8	is	be	AUX
cblr-2976	295	9	that	that	SCONJ
cblr-2976	295	10	a	a	DET
cblr-2976	295	11	reduction	reduction	NOUN
cblr-2976	295	12	in	in	ADP
cblr-2976	295	13	the	the	DET
cblr-2976	295	14	number	number	NOUN
cblr-2976	295	15	of	of	ADP
cblr-2976	295	16	firms	firm	NOUN
cblr-2976	295	17	does	do	AUX
cblr-2976	295	18	not	not	PART
cblr-2976	295	19	mean	mean	VERB
cblr-2976	295	20	that	that	SCONJ
cblr-2976	295	21	a	a	DET
cblr-2976	295	22	merger	merger	NOUN
cblr-2976	295	23	substantially	substantially	ADV
cblr-2976	295	24	increases	increase	VERB
cblr-2976	295	25	the	the	DET
cblr-2976	295	26	likelihood	likelihood	NOUN
cblr-2976	295	27	that	that	SCONJ
cblr-2976	295	28	competition	competition	NOUN
cblr-2976	295	29	will	will	AUX
cblr-2976	295	30	be	be	AUX
cblr-2976	295	31	lessened	lessen	VERB
cblr-2976	295	32	.	.	PUNCT
cblr-2976	296	1	the	the	DET
cblr-2976	296	2	reasons	reason	NOUN
cblr-2976	296	3	for	for	ADP
cblr-2976	296	4	this	this	PRON
cblr-2976	296	5	include	include	VERB
cblr-2976	296	6	the	the	DET
cblr-2976	296	7	presence	presence	NOUN
cblr-2976	296	8	of	of	ADP
cblr-2976	296	9	effective	effective	ADJ
cblr-2976	296	10	maverick	maverick	NOUN
cblr-2976	296	11	firms	firm	NOUN
cblr-2976	296	12	,	,	PUNCT
cblr-2976	296	13	creating	create	VERB
cblr-2976	296	14	new	new	ADJ
cblr-2976	296	15	mavericks	maverick	NOUN
cblr-2976	296	16	through	through	ADP
cblr-2976	296	17	merger	merger	NOUN
cblr-2976	296	18	,	,	PUNCT
cblr-2976	296	19	potential	potential	ADJ
cblr-2976	296	20	entry	entry	NOUN
cblr-2976	296	21	into	into	ADP
cblr-2976	296	22	the	the	DET
cblr-2976	296	23	market	market	NOUN
cblr-2976	296	24	and	and	CCONJ
cblr-2976	296	25	expansion	expansion	NOUN
cblr-2976	296	26	by	by	ADP
cblr-2976	296	27	non	non	ADJ
cblr-2976	296	28	-	-	ADJ
cblr-2976	296	29	collusive	collusive	ADJ
cblr-2976	296	30	firms	firm	NOUN
cblr-2976	296	31	,	,	PUNCT
cblr-2976	296	32	overall	overall	ADJ
cblr-2976	296	33	market	market	NOUN
cblr-2976	296	34	conditions	condition	NOUN
cblr-2976	296	35	such	such	ADJ
cblr-2976	296	36	as	as	ADP
cblr-2976	296	37	complexity	complexity	NOUN
cblr-2976	296	38	of	of	ADP
cblr-2976	296	39	pricing	pricing	NOUN
cblr-2976	296	40	,	,	PUNCT
cblr-2976	296	41	volatility	volatility	NOUN
cblr-2976	296	42	of	of	ADP
cblr-2976	296	43	demand	demand	NOUN
cblr-2976	296	44	and	and	CCONJ
cblr-2976	296	45	cost	cost	NOUN
cblr-2976	296	46	conditions	condition	NOUN
cblr-2976	296	47	,	,	PUNCT
cblr-2976	296	48	lack	lack	NOUN
cblr-2976	296	49	of	of	ADP
cblr-2976	296	50	transparency	transparency	NOUN
cblr-2976	296	51	and	and	CCONJ
cblr-2976	296	52	a	a	DET
cblr-2976	296	53	lack	lack	NOUN
cblr-2976	296	54	of	of	ADP
cblr-2976	296	55	obvious	obvious	ADJ
cblr-2976	296	56	focal	focal	ADJ
cblr-2976	296	57	points	point	NOUN
cblr-2976	296	58	.	.	PUNCT
cblr-2976	297	1	although	although	SCONJ
cblr-2976	297	2	mergers	merger	NOUN
cblr-2976	297	3	over	over	ADP
cblr-2976	297	4	the	the	DET
cblr-2976	297	5	past	past	ADJ
cblr-2976	297	6	decade	decade	NOUN
cblr-2976	297	7	or	or	CCONJ
cblr-2976	297	8	so	so	ADV
cblr-2976	297	9	were	be	AUX
cblr-2976	297	10	more	more	ADV
cblr-2976	297	11	likely	likely	ADJ
cblr-2976	297	12	to	to	PART
cblr-2976	297	13	be	be	AUX
cblr-2976	297	14	reviewed	review	VERB
cblr-2976	297	15	on	on	ADP
cblr-2976	297	16	the	the	DET
cblr-2976	297	17	basis	basis	NOUN
cblr-2976	297	18	of	of	ADP
cblr-2976	297	19	unilateral	unilateral	ADJ
cblr-2976	297	20	effects	effect	NOUN
cblr-2976	297	21	concerns	concern	NOUN
cblr-2976	297	22	,	,	PUNCT
cblr-2976	297	23	the	the	DET
cblr-2976	297	24	renewed	renew	VERB
cblr-2976	297	25	interest	interest	NOUN
cblr-2976	297	26	in	in	ADP
cblr-2976	297	27	coordinated	coordinate	VERB
cblr-2976	297	28	effects	effect	NOUN
cblr-2976	297	29	merger	merger	NOUN
cblr-2976	297	30	analysis	analysis	NOUN
cblr-2976	297	31	is	be	AUX
cblr-2976	297	32	welcome	welcome	ADJ
cblr-2976	297	33	.	.	PUNCT
cblr-2976	298	1	if	if	SCONJ
cblr-2976	298	2	we	we	PRON
cblr-2976	298	3	are	be	AUX
cblr-2976	298	4	to	to	PART
cblr-2976	298	5	conduct	conduct	VERB
cblr-2976	298	6	such	such	ADJ
cblr-2976	298	7	analyses	analysis	NOUN
cblr-2976	298	8	,	,	PUNCT
cblr-2976	298	9	however	however	ADV
cblr-2976	298	10	,	,	PUNCT
cblr-2976	298	11	we	we	PRON
cblr-2976	298	12	need	need	VERB
cblr-2976	298	13	to	to	PART
cblr-2976	298	14	apply	apply	VERB
cblr-2976	298	15	rigorous	rigorous	ADJ
cblr-2976	298	16	analytical	analytical	ADJ
cblr-2976	298	17	tools	tool	NOUN
cblr-2976	298	18	such	such	ADJ
cblr-2976	298	19	as	as	ADP
cblr-2976	298	20	critical	critical	ADJ
cblr-2976	298	21	loss	loss	NOUN
cblr-2976	298	22	analysis	analysis	NOUN
cblr-2976	298	23	and	and	CCONJ
cblr-2976	298	24	the	the	DET
cblr-2976	298	25	like	like	ADJ
cblr-2976	298	26	.	.	PUNCT
cblr-2976	299	1	critical	critical	ADJ
cblr-2976	299	2	loss	loss	NOUN
cblr-2976	299	3	analysis	analysis	NOUN
cblr-2976	299	4	is	be	AUX
cblr-2976	299	5	often	often	ADV
cblr-2976	299	6	used	use	VERB
cblr-2976	299	7	in	in	ADP
cblr-2976	299	8	the	the	DET
cblr-2976	299	9	unilateral	unilateral	ADJ
cblr-2976	299	10	effects	effect	NOUN
cblr-2976	299	11	cases	case	NOUN
cblr-2976	299	12	to	to	PART
cblr-2976	299	13	determine	determine	VERB
cblr-2976	299	14	whether	whether	SCONJ
cblr-2976	299	15	a	a	DET
cblr-2976	299	16	ssnip	ssnip	NOUN
cblr-2976	299	17	would	would	AUX
cblr-2976	299	18	be	be	AUX
cblr-2976	299	19	profitable	profitable	ADJ
cblr-2976	299	20	post	post	ADJ
cblr-2976	299	21	-	-	NOUN
cblr-2976	299	22	merger	merger	NOUN
cblr-2976	299	23	for	for	ADP
cblr-2976	299	24	the	the	DET
cblr-2976	299	25	two	two	NUM
cblr-2976	299	26	merged	merged	ADJ
cblr-2976	299	27	firms	firm	NOUN
cblr-2976	299	28	.	.	PUNCT
cblr-2976	300	1	yet	yet	CCONJ
cblr-2976	300	2	it	it	PRON
cblr-2976	300	3	can	can	AUX
cblr-2976	300	4	also	also	ADV
cblr-2976	300	5	be	be	AUX
cblr-2976	300	6	applied	apply	VERB
cblr-2976	300	7	in	in	ADP
cblr-2976	300	8	the	the	DET
cblr-2976	300	9	coordinated	coordinated	ADJ
cblr-2976	300	10	effects	effect	NOUN
cblr-2976	300	11	setting	set	VERB
cblr-2976	300	12	to	to	PART
cblr-2976	300	13	determine	determine	VERB
cblr-2976	300	14	whether	whether	SCONJ
cblr-2976	300	15	a	a	DET
cblr-2976	300	16	ssnip	ssnip	NOUN
cblr-2976	300	17	would	would	AUX
cblr-2976	300	18	be	be	AUX
cblr-2976	300	19	profitable	profitable	ADJ
cblr-2976	300	20	post	post	ADJ
cblr-2976	300	21	-	-	NOUN
cblr-2976	300	22	merger	merger	NOUN
cblr-2976	300	23	for	for	ADP
cblr-2976	300	24	the	the	DET
cblr-2976	300	25	putative	putative	ADJ
cblr-2976	300	26	tacit	tacit	ADJ
cblr-2976	300	27	colluders	colluder	NOUN
cblr-2976	300	28	.	.	PUNCT
cblr-2976	301	1	if	if	SCONJ
cblr-2976	301	2	the	the	DET
cblr-2976	301	3	market	market	NOUN
cblr-2976	301	4	is	be	AUX
cblr-2976	301	5	properly	properly	ADV
cblr-2976	301	6	defined	define	VERB
cblr-2976	301	7	,	,	PUNCT
cblr-2976	301	8	a	a	DET
cblr-2976	301	9	ssnip	ssnip	NOUN
cblr-2976	301	10	would	would	AUX
cblr-2976	301	11	be	be	AUX
cblr-2976	301	12	profitable	profitable	ADJ
cblr-2976	301	13	for	for	SCONJ
cblr-2976	301	14	all	all	DET
cblr-2976	301	15	firms	firm	NOUN
cblr-2976	301	16	in	in	ADP
cblr-2976	301	17	the	the	DET
cblr-2976	301	18	market	market	NOUN
cblr-2976	301	19	acting	act	VERB
cblr-2976	301	20	as	as	ADP
cblr-2976	301	21	a	a	DET
cblr-2976	301	22	monopolist	monopolist	NOUN
cblr-2976	301	23	.	.	PUNCT
cblr-2976	302	1	however	however	ADV
cblr-2976	302	2	,	,	PUNCT
cblr-2976	302	3	this	this	PRON
cblr-2976	302	4	does	do	AUX
cblr-2976	302	5	not	not	PART
cblr-2976	302	6	mean	mean	VERB
cblr-2976	302	7	that	that	SCONJ
cblr-2976	302	8	a	a	DET
cblr-2976	302	9	ssnip	ssnip	NOUN
cblr-2976	302	10	(	(	PUNCT
cblr-2976	302	11	or	or	CCONJ
cblr-2976	302	12	business	business	NOUN
cblr-2976	302	13	strategies	strategy	NOUN
cblr-2976	302	14	that	that	PRON
cblr-2976	302	15	result	result	VERB
cblr-2976	302	16	in	in	ADP
cblr-2976	302	17	a	a	DET
cblr-2976	302	18	ssnip	ssnip	NOUN
cblr-2976	302	19	)	)	PUNCT
cblr-2976	302	20	can	can	AUX
cblr-2976	302	21	be	be	AUX
cblr-2976	302	22	successfully	successfully	ADV
cblr-2976	302	23	implemented	implement	VERB
cblr-2976	302	24	by	by	ADP
cblr-2976	302	25	the	the	DET
cblr-2976	302	26	putative	putative	ADJ
cblr-2976	302	27	collusive	collusive	ADJ
cblr-2976	302	28	group	group	NOUN
cblr-2976	302	29	post	post	NOUN
cblr-2976	302	30	-	-	NOUN
cblr-2976	302	31	merger	merger	NOUN
cblr-2976	302	32	.	.	PUNCT
cblr-2976	303	1	first	first	ADV
cblr-2976	303	2	,	,	PUNCT
cblr-2976	303	3	the	the	DET
cblr-2976	303	4	industry	industry	NOUN
cblr-2976	303	5	participants	participant	NOUN
cblr-2976	303	6	must	must	AUX
cblr-2976	303	7	be	be	AUX
cblr-2976	303	8	able	able	ADJ
cblr-2976	303	9	to	to	PART
cblr-2976	303	10	select	select	VERB
cblr-2976	303	11	a	a	DET
cblr-2976	303	12	plausible	plausible	ADJ
cblr-2976	303	13	tacitly	tacitly	ADV
cblr-2976	303	14	collusive	collusive	ADJ
cblr-2976	303	15	plan	plan	NOUN
cblr-2976	303	16	of	of	ADP
cblr-2976	303	17	action	action	NOUN
cblr-2976	303	18	.	.	PUNCT
cblr-2976	304	1	moreover	moreover	ADV
cblr-2976	304	2	,	,	PUNCT
cblr-2976	304	3	for	for	ADP
cblr-2976	304	4	each	each	DET
cblr-2976	304	5	putative	putative	ADJ
cblr-2976	304	6	tacit	tacit	ADJ
cblr-2976	304	7	colluder	colluder	NOUN
cblr-2976	304	8	,	,	PUNCT
cblr-2976	304	9	coordination	coordination	NOUN
cblr-2976	304	10	must	must	AUX
cblr-2976	304	11	be	be	AUX
cblr-2976	304	12	individually	individually	ADV
cblr-2976	304	13	rational	rational	ADJ
cblr-2976	304	14	(	(	PUNCT
cblr-2976	304	15	so	so	SCONJ
cblr-2976	304	16	that	that	SCONJ
cblr-2976	304	17	each	each	DET
cblr-2976	304	18	firm	firm	NOUN
cblr-2976	304	19	's	's	PART
cblr-2976	304	20	expected	expect	VERB
cblr-2976	304	21	net	net	ADJ
cblr-2976	304	22	present	present	ADJ
cblr-2976	304	23	value	value	NOUN
cblr-2976	304	24	of	of	ADP
cblr-2976	304	25	profits	profit	NOUN
cblr-2976	304	26	under	under	ADP
cblr-2976	304	27	the	the	DET
cblr-2976	304	28	hypothetical	hypothetical	ADJ
cblr-2976	304	29	collusive	collusive	ADJ
cblr-2976	304	30	strategy	strategy	NOUN
cblr-2976	304	31	is	be	AUX
cblr-2976	304	32	higher	high	ADJ
cblr-2976	304	33	than	than	ADP
cblr-2976	304	34	without	without	ADP
cblr-2976	304	35	it	it	PRON
cblr-2976	304	36	)	)	PUNCT
cblr-2976	304	37	and	and	CCONJ
cblr-2976	304	38	incentive	incentive	NOUN
cblr-2976	304	39	compatible	compatible	ADJ
cblr-2976	304	40	(	(	PUNCT
cblr-2976	304	41	that	that	ADV
cblr-2976	304	42	is	is	ADV
cblr-2976	304	43	,	,	PUNCT
cblr-2976	304	44	the	the	DET
cblr-2976	304	45	firm	firm	NOUN
cblr-2976	304	46	has	have	VERB
cblr-2976	304	47	no	no	DET
cblr-2976	304	48	incentive	incentive	NOUN
cblr-2976	304	49	to	to	PART
cblr-2976	304	50	cheat	cheat	VERB
cblr-2976	304	51	once	once	SCONJ
cblr-2976	304	52	the	the	DET
cblr-2976	304	53	strategy	strategy	NOUN
cblr-2976	304	54	is	be	AUX
cblr-2976	304	55	implemented	implement	VERB
cblr-2976	304	56	)	)	PUNCT
cblr-2976	304	57	.	.	PUNCT
cblr-2976	305	1	however	however	ADV
cblr-2976	305	2	,	,	PUNCT
cblr-2976	305	3	there	there	PRON
cblr-2976	305	4	may	may	AUX
cblr-2976	305	5	not	not	PART
cblr-2976	305	6	exist	exist	VERB
cblr-2976	305	7	a	a	DET
cblr-2976	305	8	tacitly	tacitly	ADV
cblr-2976	305	9	collusive	collusive	ADJ
cblr-2976	305	10	plan	plan	NOUN
cblr-2976	305	11	for	for	ADP
cblr-2976	305	12	the	the	DET
cblr-2976	305	13	industry	industry	NOUN
cblr-2976	305	14	that	that	PRON
cblr-2976	305	15	meets	meet	VERB
cblr-2976	305	16	those	those	DET
cblr-2976	305	17	requirementsi.e	requirementsi.e	NOUN
cblr-2976	305	18	.	.	PUNCT
cblr-2976	306	1	,	,	PUNCT
cblr-2976	306	2	that	that	PRON
cblr-2976	306	3	is	be	AUX
cblr-2976	306	4	individually	individually	ADV
cblr-2976	306	5	rational	rational	ADJ
cblr-2976	306	6	and	and	CCONJ
cblr-2976	306	7	incentive	incentive	NOUN
cblr-2976	306	8	compatible	compatible	ADJ
cblr-2976	306	9	-	-	PUNCT
cblr-2976	306	10	for	for	ADP
cblr-2976	306	11	each	each	DET
cblr-2976	306	12	firm	firm	NOUN
cblr-2976	306	13	.	.	PUNCT
cblr-2976	307	1	thus	thus	ADV
cblr-2976	307	2	,	,	PUNCT
cblr-2976	307	3	the	the	DET
cblr-2976	307	4	use	use	NOUN
cblr-2976	307	5	of	of	ADP
cblr-2976	307	6	critical	critical	ADJ
cblr-2976	307	7	loss	loss	NOUN
cblr-2976	307	8	analysis	analysis	NOUN
cblr-2976	307	9	must	must	AUX
cblr-2976	307	10	recognize	recognize	VERB
cblr-2976	307	11	that	that	SCONJ
cblr-2976	307	12	what	what	PRON
cblr-2976	307	13	a	a	DET
cblr-2976	307	14	hypothetical	hypothetical	ADJ
cblr-2976	307	15	monopolist	monopolist	NOUN
cblr-2976	307	16	would	would	AUX
cblr-2976	307	17	do	do	AUX
cblr-2976	307	18	regarding	regard	VERB
cblr-2976	307	19	potential	potential	ADJ
cblr-2976	307	20	price	price	NOUN
cblr-2976	307	21	increases	increase	NOUN
cblr-2976	307	22	may	may	AUX
cblr-2976	307	23	not	not	PART
cblr-2976	307	24	be	be	AUX
cblr-2976	307	25	feasible	feasible	ADJ
cblr-2976	307	26	for	for	ADP
cblr-2976	307	27	the	the	DET
cblr-2976	307	28	firm	firm	ADJ
cblr-2976	307	29	post	post	NOUN
cblr-2976	307	30	-	-	NOUN
cblr-2976	307	31	merger	merger	NOUN
cblr-2976	307	32	.	.	PUNCT
cblr-2976	308	1	still	still	ADV
cblr-2976	308	2	,	,	PUNCT
cblr-2976	308	3	the	the	DET
cblr-2976	308	4	use	use	NOUN
cblr-2976	308	5	of	of	ADP
cblr-2976	308	6	a	a	DET
cblr-2976	308	7	510	510	NUM
cblr-2976	308	8	%	%	NOUN
cblr-2976	308	9	ssnip	ssnip	NOUN
cblr-2976	308	10	may	may	AUX
cblr-2976	308	11	anchor	anchor	VERB
cblr-2976	308	12	the	the	DET
cblr-2976	308	13	empirical	empirical	ADJ
cblr-2976	308	14	analyses	analysis	NOUN
cblr-2976	308	15	that	that	PRON
cblr-2976	308	16	would	would	AUX
cblr-2976	308	17	shed	shed	VERB
cblr-2976	308	18	light	light	NOUN
cblr-2976	308	19	on	on	ADP
cblr-2976	308	20	whether	whether	SCONJ
cblr-2976	308	21	such	such	DET
cblr-2976	308	22	a	a	DET
cblr-2976	308	23	ssnip	ssnip	NOUN
cblr-2976	308	24	can	can	AUX
cblr-2976	308	25	be	be	AUX
cblr-2976	308	26	implemented	implement	VERB
cblr-2976	308	27	and	and	CCONJ
cblr-2976	308	28	sustained	sustain	VERB
cblr-2976	308	29	.	.	PUNCT
cblr-2976	309	1	if	if	SCONJ
cblr-2976	309	2	,	,	PUNCT
cblr-2976	309	3	for	for	ADP
cblr-2976	309	4	example	example	NOUN
cblr-2976	309	5	,	,	PUNCT
cblr-2976	309	6	many	many	ADJ
cblr-2976	309	7	firms	firm	NOUN
cblr-2976	309	8	would	would	AUX
cblr-2976	309	9	have	have	VERB
cblr-2976	309	10	an	an	DET
cblr-2976	309	11	incentive	incentive	NOUN
cblr-2976	309	12	and	and	CCONJ
cblr-2976	309	13	ability	ability	NOUN
cblr-2976	309	14	to	to	PART
cblr-2976	309	15	cheat	cheat	VERB
cblr-2976	309	16	on	on	ADP
cblr-2976	309	17	a	a	DET
cblr-2976	309	18	putative	putative	ADJ
cblr-2976	309	19	ssnip	ssnip	NOUN
cblr-2976	309	20	,	,	PUNCT
cblr-2976	309	21	then	then	ADV
cblr-2976	309	22	,	,	PUNCT
cblr-2976	309	23	even	even	ADV
cblr-2976	309	24	if	if	SCONJ
cblr-2976	309	25	a	a	DET
cblr-2976	309	26	monopolist	monopolist	NOUN
cblr-2976	309	27	would	would	AUX
cblr-2976	309	28	be	be	AUX
cblr-2976	309	29	able	able	ADJ
cblr-2976	309	30	profitably	profitably	ADV
cblr-2976	309	31	to	to	PART
cblr-2976	309	32	implement	implement	VERB
cblr-2976	309	33	it	it	PRON
cblr-2976	309	34	,	,	PUNCT
cblr-2976	309	35	the	the	DET
cblr-2976	309	36	industry	industry	NOUN
cblr-2976	309	37	participants	participant	NOUN
cblr-2976	309	38	may	may	AUX
cblr-2976	309	39	not	not	PART
cblr-2976	309	40	be	be	AUX
cblr-2976	309	41	able	able	ADJ
cblr-2976	309	42	to	to	PART
cblr-2976	309	43	do	do	VERB
cblr-2976	309	44	so	so	ADV
cblr-2976	309	45	absent	absent	ADJ
cblr-2976	309	46	explicit	explicit	ADJ
cblr-2976	309	47	collusion	collusion	NOUN
cblr-2976	309	48	.	.	PUNCT
cblr-2976	310	1	in	in	ADP
cblr-2976	310	2	view	view	NOUN
cblr-2976	310	3	of	of	ADP
cblr-2976	310	4	this	this	DET
cblr-2976	310	5	discussion	discussion	NOUN
cblr-2976	310	6	,	,	PUNCT
cblr-2976	310	7	one	one	NUM
cblr-2976	310	8	plausible	plausible	ADJ
cblr-2976	310	9	standard	standard	NOUN
cblr-2976	310	10	for	for	ADP
cblr-2976	310	11	gauging	gauge	VERB
cblr-2976	310	12	the	the	DET
cblr-2976	310	13	risks	risk	NOUN
cblr-2976	310	14	of	of	ADP
cblr-2976	310	15	enhanced	enhanced	ADJ
cblr-2976	310	16	tacit	tacit	ADJ
cblr-2976	310	17	coordination	coordination	NOUN
cblr-2976	310	18	might	might	AUX
cblr-2976	310	19	be	be	AUX
cblr-2976	310	20	that	that	SCONJ
cblr-2976	310	21	a	a	DET
cblr-2976	310	22	merger	merger	NOUN
cblr-2976	310	23	raises	raise	VERB
cblr-2976	310	24	coordinated	coordinate	VERB
cblr-2976	310	25	effects	effect	NOUN
cblr-2976	310	26	concerns	concern	NOUN
cblr-2976	310	27	if	if	SCONJ
cblr-2976	310	28	a	a	DET
cblr-2976	310	29	five	five	NUM
cblr-2976	310	30	to	to	PART
cblr-2976	310	31	ten	ten	NUM
cblr-2976	310	32	percent	percent	NOUN
cblr-2976	310	33	tacitly	tacitly	ADV
cblr-2976	310	34	coordinated	coordinate	VERB
cblr-2976	310	35	price	price	NOUN
cblr-2976	310	36	increase	increase	NOUN
cblr-2976	310	37	(	(	PUNCT
cblr-2976	310	38	or	or	CCONJ
cblr-2976	310	39	any	any	DET
cblr-2976	310	40	other	other	ADJ
cblr-2976	310	41	suppression	suppression	NOUN
cblr-2976	310	42	in	in	ADP
cblr-2976	310	43	competition	competition	NOUN
cblr-2976	310	44	leading	lead	VERB
cblr-2976	310	45	to	to	ADP
cblr-2976	310	46	an	an	DET
cblr-2976	310	47	equivalent	equivalent	ADJ
cblr-2976	310	48	harm	harm	NOUN
cblr-2976	310	49	)	)	PUNCT
cblr-2976	310	50	can	can	AUX
cblr-2976	310	51	be	be	AUX
cblr-2976	310	52	implemented	implement	VERB
cblr-2976	310	53	post	post	ADJ
cblr-2976	310	54	-	-	NOUN
cblr-2976	310	55	merger	merger	NOUN
cblr-2976	310	56	with	with	ADP
cblr-2976	310	57	substantial	substantial	ADJ
cblr-2976	310	58	likelihood	likelihood	NOUN
cblr-2976	310	59	and	and	CCONJ
cblr-2976	310	60	can	can	AUX
cblr-2976	310	61	be	be	AUX
cblr-2976	310	62	sustained	sustain	VERB
cblr-2976	310	63	using	use	VERB
cblr-2976	310	64	credible	credible	ADJ
cblr-2976	310	65	punishments	punishment	NOUN
cblr-2976	310	66	(	(	PUNCT
cblr-2976	310	67	possibly	possibly	ADV
cblr-2976	310	68	including	include	VERB
cblr-2976	310	69	reversion	reversion	NOUN
cblr-2976	310	70	to	to	ADP
cblr-2976	310	71	pre	pre	ADJ
cblr-2976	310	72	-	-	ADJ
cblr-2976	310	73	merger	merger	ADJ
cblr-2976	310	74	pricing	pricing	NOUN
cblr-2976	310	75	or	or	CCONJ
cblr-2976	310	76	other	other	ADJ
cblr-2976	310	77	col	col	PROPN
cblr-2976	310	78	umbia	umbia	PROPN
cblr-2976	310	79	b	b	PROPN
cblr-2976	311	1	usiness	usiness	PROPN
cblr-2976	311	2	la	la	PROPN
cblr-2976	311	3	w	w	PROPN
cblr-2976	311	4	re	re	PROPN
cblr-2976	311	5	vie	vie	PROPN
cblr-2976	311	6	w	w	PROPN
cblr-2976	312	1	[	[	X
cblr-2976	312	2	vol	vol	NOUN
cblr-2976	312	3	.	.	NOUN
cblr-2976	312	4	2007	2007	NUM
cblr-2976	313	1	no	no	NOUN
cblr-2976	313	2	.	.	PUNCT
cblr-2976	314	1	2:411	2:411	NUM
cblr-2976	314	2	]	]	PUNCT
cblr-2976	314	3	coordinated	coordinate	VERB
cblr-2976	314	4	effects	effect	NOUN
cblr-2976	314	5	in	in	ADP
cblr-2976	314	6	merger	merger	NOUN
cblr-2976	314	7	analysis	analysis	NOUN
cblr-2976	314	8	435	435	NUM
cblr-2976	314	9	strategies	strategy	NOUN
cblr-2976	314	10	)	)	PUNCT
cblr-2976	314	11	.	.	PUNCT
cblr-2976	315	1	as	as	ADP
cblr-2976	315	2	a	a	DET
cblr-2976	315	3	part	part	NOUN
cblr-2976	315	4	of	of	ADP
cblr-2976	315	5	this	this	DET
cblr-2976	315	6	analysis	analysis	NOUN
cblr-2976	315	7	,	,	PUNCT
cblr-2976	315	8	a	a	DET
cblr-2976	315	9	firm	firm	NOUN
cblr-2976	315	10	's	's	PART
cblr-2976	315	11	incentives	incentive	NOUN
cblr-2976	315	12	to	to	PART
cblr-2976	315	13	join	join	VERB
cblr-2976	315	14	a	a	DET
cblr-2976	315	15	tacitly	tacitly	ADV
cblr-2976	315	16	collusive	collusive	ADJ
cblr-2976	315	17	group	group	NOUN
cblr-2976	315	18	or	or	CCONJ
cblr-2976	315	19	to	to	PART
cblr-2976	315	20	cheat	cheat	VERB
cblr-2976	315	21	on	on	ADP
cblr-2976	315	22	the	the	DET
cblr-2976	315	23	arrangement	arrangement	NOUN
cblr-2976	315	24	ought	ought	AUX
cblr-2976	315	25	to	to	PART
cblr-2976	315	26	be	be	AUX
cblr-2976	315	27	checked	check	VERB
cblr-2976	315	28	under	under	ADP
cblr-2976	315	29	plausible	plausible	ADJ
cblr-2976	315	30	assumptions	assumption	NOUN
cblr-2976	315	31	regarding	regard	VERB
cblr-2976	315	32	firms	firm	NOUN
cblr-2976	315	33	'	'	PART
cblr-2976	315	34	likely	likely	ADJ
cblr-2976	315	35	degree	degree	NOUN
cblr-2976	315	36	of	of	ADP
cblr-2976	315	37	impatience	impatience	NOUN
cblr-2976	315	38	(	(	PUNCT
cblr-2976	315	39	discount	discount	NOUN
cblr-2976	315	40	rate	rate	NOUN
cblr-2976	315	41	)	)	PUNCT
cblr-2976	315	42	for	for	ADP
cblr-2976	315	43	current	current	ADJ
cblr-2976	315	44	versus	versus	ADP
cblr-2976	315	45	future	future	ADJ
cblr-2976	315	46	profits	profit	NOUN
cblr-2976	315	47	.	.	PUNCT
cblr-2976	316	1	9	9	NUM
cblr-2976	316	2	in	in	ADP
cblr-2976	316	3	sum	sum	NOUN
cblr-2976	316	4	,	,	PUNCT
cblr-2976	316	5	there	there	PRON
cblr-2976	316	6	has	have	AUX
cblr-2976	316	7	been	be	AUX
cblr-2976	316	8	significant	significant	ADJ
cblr-2976	316	9	progress	progress	NOUN
cblr-2976	316	10	made	make	VERB
cblr-2976	316	11	in	in	ADP
cblr-2976	316	12	the	the	DET
cblr-2976	316	13	area	area	NOUN
cblr-2976	316	14	of	of	ADP
cblr-2976	316	15	coordinated	coordinate	VERB
cblr-2976	316	16	effects	effect	NOUN
cblr-2976	316	17	analysis	analysis	NOUN
cblr-2976	316	18	,	,	PUNCT
cblr-2976	316	19	as	as	SCONJ
cblr-2976	316	20	evidenced	evidence	VERB
cblr-2976	316	21	in	in	ADP
cblr-2976	316	22	several	several	ADJ
cblr-2976	316	23	recent	recent	ADJ
cblr-2976	316	24	merger	merger	NOUN
cblr-2976	316	25	analyses	analysis	NOUN
cblr-2976	316	26	that	that	PRON
cblr-2976	316	27	highlight	highlight	VERB
cblr-2976	316	28	the	the	DET
cblr-2976	316	29	barriers	barrier	NOUN
cblr-2976	316	30	posed	pose	VERB
cblr-2976	316	31	by	by	ADP
cblr-2976	316	32	complexity	complexity	NOUN
cblr-2976	316	33	and	and	CCONJ
cblr-2976	316	34	volatility	volatility	NOUN
cblr-2976	316	35	to	to	ADP
cblr-2976	316	36	coordinated	coordinated	ADJ
cblr-2976	316	37	activity	activity	NOUN
cblr-2976	316	38	.	.	PUNCT
cblr-2976	317	1	too	too	ADV
cblr-2976	317	2	often	often	ADV
cblr-2976	317	3	,	,	PUNCT
cblr-2976	317	4	however	however	ADV
cblr-2976	317	5	,	,	PUNCT
cblr-2976	317	6	coordinated	coordinated	ADJ
cblr-2976	317	7	effects	effect	NOUN
cblr-2976	317	8	analyses	analysis	NOUN
cblr-2976	317	9	are	be	AUX
cblr-2976	317	10	guided	guide	VERB
cblr-2976	317	11	by	by	ADP
cblr-2976	317	12	guesswork	guesswork	NOUN
cblr-2976	317	13	and	and	CCONJ
cblr-2976	317	14	intuition	intuition	NOUN
cblr-2976	317	15	.	.	PUNCT
cblr-2976	318	1	some	some	PRON
cblr-2976	318	2	of	of	ADP
cblr-2976	318	3	the	the	DET
cblr-2976	318	4	tools	tool	NOUN
cblr-2976	318	5	that	that	PRON
cblr-2976	318	6	we	we	PRON
cblr-2976	318	7	have	have	AUX
cblr-2976	318	8	developed	develop	VERB
cblr-2976	318	9	for	for	ADP
cblr-2976	318	10	unilateral	unilateral	ADJ
cblr-2976	318	11	effects	effect	NOUN
cblr-2976	318	12	analysis	analysis	NOUN
cblr-2976	318	13	can	can	AUX
cblr-2976	318	14	be	be	AUX
cblr-2976	318	15	applied	apply	VERB
cblr-2976	318	16	to	to	ADP
cblr-2976	318	17	the	the	DET
cblr-2976	318	18	much	much	ADV
cblr-2976	318	19	more	more	ADV
cblr-2976	318	20	murky	murky	ADJ
cblr-2976	318	21	area	area	NOUN
cblr-2976	318	22	of	of	ADP
cblr-2976	318	23	coordinated	coordinate	VERB
cblr-2976	318	24	effects	effect	NOUN
cblr-2976	318	25	.	.	PUNCT
cblr-2976	319	1	in	in	ADP
cblr-2976	319	2	analyzing	analyze	VERB
cblr-2976	319	3	the	the	DET
cblr-2976	319	4	potential	potential	ADJ
cblr-2976	319	5	coordinated	coordinate	VERB
cblr-2976	319	6	effects	effect	NOUN
cblr-2976	319	7	concerns	concern	NOUN
cblr-2976	319	8	of	of	ADP
cblr-2976	319	9	a	a	DET
cblr-2976	319	10	proposed	propose	VERB
cblr-2976	319	11	merger	merger	NOUN
cblr-2976	319	12	,	,	PUNCT
cblr-2976	319	13	policy	policy	NOUN
cblr-2976	319	14	makers	maker	NOUN
cblr-2976	319	15	and	and	CCONJ
cblr-2976	319	16	analysts	analyst	NOUN
cblr-2976	319	17	must	must	AUX
cblr-2976	319	18	utilize	utilize	VERB
cblr-2976	319	19	technical	technical	ADJ
cblr-2976	319	20	and	and	CCONJ
cblr-2976	319	21	empirical	empirical	ADJ
cblr-2976	319	22	tools	tool	NOUN
cblr-2976	319	23	in	in	ADP
cblr-2976	319	24	order	order	NOUN
cblr-2976	319	25	to	to	PART
cblr-2976	319	26	make	make	VERB
cblr-2976	319	27	our	our	PRON
cblr-2976	319	28	enforcement	enforcement	NOUN
cblr-2976	319	29	in	in	ADP
cblr-2976	319	30	the	the	DET
cblr-2976	319	31	area	area	NOUN
cblr-2976	319	32	of	of	ADP
cblr-2976	319	33	coordinated	coordinate	VERB
cblr-2976	319	34	effects	effect	NOUN
cblr-2976	319	35	as	as	ADP
cblr-2976	319	36	sound	sound	NOUN
cblr-2976	319	37	and	and	CCONJ
cblr-2976	319	38	rigorous	rigorous	ADJ
cblr-2976	319	39	as	as	SCONJ
cblr-2976	319	40	it	it	PRON
cblr-2976	319	41	is	be	AUX
cblr-2976	319	42	in	in	ADP
cblr-2976	319	43	the	the	DET
cblr-2976	319	44	area	area	NOUN
cblr-2976	319	45	of	of	ADP
cblr-2976	319	46	unilateral	unilateral	ADJ
cblr-2976	319	47	effects	effect	NOUN
cblr-2976	319	48	.	.	PUNCT
cblr-2976	320	1	9	9	NUM
cblr-2976	320	2	as	as	SCONJ
cblr-2976	320	3	noted	note	VERB
cblr-2976	320	4	earlier	early	ADV
cblr-2976	320	5	,	,	PUNCT
cblr-2976	320	6	firms	firm	NOUN
cblr-2976	320	7	'	'	PART
cblr-2976	320	8	impatience	impatience	NOUN
cblr-2976	320	9	(	(	PUNCT
cblr-2976	320	10	or	or	CCONJ
cblr-2976	320	11	discount	discount	NOUN
cblr-2976	320	12	rate	rate	NOUN
cblr-2976	320	13	)	)	PUNCT
cblr-2976	320	14	is	be	AUX
cblr-2976	320	15	an	an	DET
cblr-2976	320	16	important	important	ADJ
cblr-2976	320	17	factor	factor	NOUN
cblr-2976	320	18	that	that	PRON
cblr-2976	320	19	determines	determine	VERB
cblr-2976	320	20	incentives	incentive	NOUN
cblr-2976	320	21	to	to	PART
cblr-2976	320	22	cheat	cheat	VERB
cblr-2976	320	23	.	.	PUNCT
cblr-2976	321	1	thus	thus	ADV
cblr-2976	321	2	,	,	PUNCT
cblr-2976	321	3	the	the	PRON
cblr-2976	321	4	higher	high	ADJ
cblr-2976	321	5	the	the	DET
cblr-2976	321	6	discount	discount	NOUN
cblr-2976	321	7	rate	rate	NOUN
cblr-2976	321	8	,	,	PUNCT
cblr-2976	321	9	the	the	DET
cblr-2976	321	10	more	more	ADV
cblr-2976	321	11	impatient	impatient	ADJ
cblr-2976	321	12	firms	firm	NOUN
cblr-2976	321	13	are	be	AUX
cblr-2976	321	14	and	and	CCONJ
cblr-2976	321	15	the	the	DET
cblr-2976	321	16	more	more	ADV
cblr-2976	321	17	inclined	inclined	ADJ
cblr-2976	321	18	they	they	PRON
cblr-2976	321	19	are	be	AUX
cblr-2976	321	20	,	,	PUNCT
cblr-2976	321	21	ceteris	ceteris	NOUN
cblr-2976	321	22	paribus	paribus	NOUN
cblr-2976	321	23	,	,	PUNCT
cblr-2976	321	24	to	to	PART
cblr-2976	321	25	cheat	cheat	VERB
cblr-2976	321	26	.	.	PUNCT
cblr-2976	322	1	see	see	VERB
cblr-2976	322	2	,	,	PUNCT
cblr-2976	322	3	m.	m.	NOUN
cblr-2976	322	4	ivalid	ivalid	PROPN
cblr-2976	322	5	et	et	PROPN
cblr-2976	322	6	al	al	PROPN
cblr-2976	322	7	.	.	PROPN
cblr-2976	322	8	,	,	PUNCT
cblr-2976	322	9	the	the	DET
cblr-2976	322	10	economics	economic	NOUN
cblr-2976	322	11	of	of	ADP
cblr-2976	322	12	tacit	tacit	ADJ
cblr-2976	322	13	collusion	collusion	NOUN
cblr-2976	322	14	,	,	PUNCT
cblr-2976	322	15	final	final	ADJ
cblr-2976	322	16	report	report	NOUN
cblr-2976	322	17	for	for	ADP
cblr-2976	322	18	dg	dg	NOUN
cblr-2976	322	19	competition	competition	NOUN
cblr-2976	322	20	,	,	PUNCT
cblr-2976	322	21	european	european	PROPN
cblr-2976	322	22	commission	commission	PROPN
cblr-2976	322	23	,	,	PUNCT
cblr-2976	322	24	idei	idei	PROPN
cblr-2976	322	25	,	,	PUNCT
cblr-2976	322	26	toulouse	toulouse	NOUN
cblr-2976	322	27	(	(	PUNCT
cblr-2976	322	28	2003	2003	NUM
cblr-2976	322	29	)	)	PUNCT
cblr-2976	322	30	for	for	ADP
cblr-2976	322	31	a	a	DET
cblr-2976	322	32	more	more	ADV
cblr-2976	322	33	complete	complete	ADJ
cblr-2976	322	34	and	and	CCONJ
cblr-2976	322	35	accessible	accessible	ADJ
cblr-2976	322	36	exposition	exposition	NOUN
cblr-2976	322	37	.	.	PUNCT