Estimating Market Power and Strategies

ISBN-13: 9780521804400 / Angielski / Twarda / 2007 / 354 str.

Jeffrey M. Perloff; Larry S. Karp

Opis

The book shows economists how to estimate the ability of firms to raise their prices above their costs and how to estimate firms' strategies. It is designed for graduate students, researchers, and practitioners. It can be used as a textbook or as a guide to conducting research. No close substitutes exist.

Recenzje

'… 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

Spis treści

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.