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) |
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Pages (from-to) | 391-395 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 59 |
Issue number | 3 |
DOIs | |
State | Published - Jun 1 1998 |
Keywords
- Conjectural variation parameters
- Differentiated-products
- L13
- Market power
ASJC Scopus subject areas
- Finance
- Economics and Econometrics