'… extremely well referenced throughout … This book would be of interest to those readers wishing to advance their knowledge and understanding of how econometrics can be used to investigate questions of market power.' Statistics in Society
This book presents, compares, and develops various techniques for estimating market power - the ability to set price profitably above marginal cost - and strategies - the game-theoretic plans used by firms to compete with rivals. The authors start by examining static model approaches to estimating market power. They extend the analysis to dynamic models. Finally, they develop methods to estimate firms' strategies directly and examine how these strategies determine market power. A detailed technical appendix reviews the relevant information-theoretic and other econometric models that are used throughout. Questions and detailed answers for students and researchers are provided in the book for easy use.
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1. Introduction; 2. Structure-conduct-performance; 3. Industry models of market power; 4. Differentiated-product structural models; 5. Strategic reasons for a dynamic estimation model; 6. Dynamic games involving economic fundamentals; 7. Estimation of dynamic games involving economic fundamentals; 8. Estimation of market power using a linear-quadratic model; 9. Estimating strategies: theory; 10. Estimating strategies: case studies; Statistical appendix; Answers.
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This book presents, compares, and develops various techniques for estimating market power - the ability to set price profitably above marginal cost.
Produktdetaljer
ISBN
9780521804400
Publisert
2007-06-18
Utgiver
Cambridge University Press
Vekt
670 gr
Høyde
234 mm
Bredde
156 mm
Dybde
21 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
354