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It is well documented that, in the presence of substantial fixed costs, markets offer preference majorities more variety than preference minorities. This fact alone, however, does not demonstrate the market outcome is in any way biased against preference minorities. In this paper, we clarify the...
Persistent link: https://www.econbiz.de/10012458180
Demand elasticities and other features of demand are critical determinants of the answers to most positive and … normative questions about market power or the functioning of markets in practice. As a result, reliable demand estimation is an … discussion of some foundational issues in demand estimation. We focus on the distinctive challenges of demand estimation and …
Persistent link: https://www.econbiz.de/10012629525