Estimating Market Power and Strategies
Author | : Jeffrey M. Perloff |
Publisher | : Cambridge University Press |
Total Pages | : 263 |
Release | : 2007-06-18 |
ISBN-10 | : 9781139463560 |
ISBN-13 | : 113946356X |
Rating | : 4/5 (60 Downloads) |
Download or read book Estimating Market Power and Strategies written by Jeffrey M. Perloff and published by Cambridge University Press. This book was released on 2007-06-18 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents, compares, and develops various techniques for estimating market power - the ability to set price profitably above marginal cost - and strategies - the game-theoretic plans used by firms to compete with rivals. The authors start by examining static model approaches to estimating market power. They extend the analysis to dynamic models. Finally, they develop methods to estimate firms' strategies directly and examine how these strategies determine market power. A detailed technical appendix reviews the relevant information-theoretic and other econometric models that are used throughout. Questions and detailed answers for students and researchers are provided in the book for easy use.