haku: @author Steen, F. / yhteensä: 4
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| Tekijä: | Steen, F. Salvanes, K. |
| Otsikko: | Testing for market power using a dynamic oligopoly model |
| Lehti: | International Journal of Industrial Organization
1999 : FEB, VOL. 17:2, p. 147-178 |
| Asiasana: | MARKETING POWER INDUSTRIAL ORGANIZATION |
| Kieli: | eng |
| Tiivistelmä: | The authors propose a dynamic reformulation of the oligopoly model of Bresnhan (1982) and Lau (1982) in an error correcting framework. This reformulation addresses both statistical problems generated by short run dynamics in the data and incorporates important dynamic factors such as habit formation from the demand side and the adjustment costs for the producer. The authors also propose a test for separability of the variables involved in the identification of the market power parameter. |
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