Identification of the oligopoly solution concept in a differentiated-products industry

Aviv Nevo*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

47 Scopus citations

Abstract

A central part of the "new empirical industrial organization" has been the study of market power in homogenous-product industries. This paper discusses extension of these methods to differentiated-products industries. The requirements for identification of conjectural variation parameters are shown to be hard to satisfy in practice. An alternative menu-approach is discussed.

Original languageEnglish (US)
Pages (from-to)391-395
Number of pages5
JournalEconomics Letters
Volume59
Issue number3
DOIs
StatePublished - Jun 1 1998

Keywords

  • Conjectural variation parameters
  • Differentiated-products
  • L13
  • Market power

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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