Dynamic Oligopoly: Estimation and Tests of Market Structure

A linear-quadratic dynamic oligopoly model is developed and applied to the world coffee export market. The model nests various market structures using either open-loop or feedback strategies. The theoretical properties of this model are described. For given observed behavior, the assumption of feedback strategies implies a less competitive market structure than open-loop strategies.

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Year of publication:	1988-10-01
Authors:	Karp, Larry ; Perloff, Jeffrey M
Institutions:	Department of Agricultural and Resource Economics, University of California-Berkeley
Subject:	coffee \| farm products \| game theory \| marketing \| mathematical models \| oligopoly

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Extent:	application/pdf
Series:	Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Department of Agricultural and Resource Economics, UCB
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010537443