Overcharge Estimation: Making Statistical Evidence More Meaningful

Abstract

Economic evidence that seeks to evaluate the effect of an infringement is typically presented as a point-estimate of the effect along with its statistical significance. Such evidence alone, however, is often of little value to the judge, in particular if it is impossible for her to infer whether a significant finding is lacking due to poor data or to the actual absence of an effect. To compensate for this limitation, we suggest a simple extension to the standard procedure that yields a more nuanced yet still intuitive picture of the underlying data within the current statistical testing framework.