Conduct Parameters and the Measurement of Market Power

This paper examines a simple version of the conduct parameter method widely used in empirical industrial organization and argues that the conduct parameter fails to measure market power accurately. It is shown analytically and with simulations that in a dynamic oligopoly model this mismeasurement can be quite severe

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Year of publication:	2006
Authors:	Corts, Kenneth S.
Publisher:	[S.l.] : SSRN
Subject:	Marktmacht \| Market power \| Theorie \| Theory \| Ökonometrie \| Econometrics \| Messung \| Measurement \| Industrieökonomik \| Industrial organization
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Econometrics, Vol. 88, No. 2, pp. 227-250, 1999 Volltext nicht verfügbar
Classification:	C1 - Econometric and Statistical Methods: General ; L0 - Industrial Organization. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014027316