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

Aviv Nevo

doi:10.1016/s0165-1765(98)00061-5

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

Aviv Nevo^*

^*Corresponding author for this work

Economics

Research output: Contribution to journal › Article › peer-review

50 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 language	English (US)
Pages (from-to)	391-395
Number of pages	5
Journal	Economics Letters
Volume	59
Issue number	3
DOIs	https://doi.org/10.1016/s0165-1765(98)00061-5
State	Published - Jun 1 1998

Keywords

Conjectural variation parameters
Differentiated-products
L13
Market power

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/s0165-1765(98)00061-5

Cite this

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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.",

keywords = "Conjectural variation parameters, Differentiated-products, L13, Market power",

author = "Aviv Nevo",

note = "Funding Information: Financial support from a University of California at Berkeley Committee on Research Junior Faculty Grant is gratefully acknowledged. ",

year = "1998",

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N2 - 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.

AB - 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.

KW - Conjectural variation parameters

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KW - L13

KW - Market power

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

Abstract

Keywords

ASJC Scopus subject areas

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