Showing 1 - 5 of 5
We demonstrate how to estimate a model of product demand and oligopoly pricing when products are multi … informed by economic theory, we simultaneously estimate a demand system and price-cost margins for products differentiated in …
Persistent link: https://www.econbiz.de/10012777146
This paper develops new techniques for empirically analyzing demand and supply in differentiated products markets and then applies these techniques to analyze equilibrium in the U.S. automobile industry. Our primary goal is to present a framework which enables one to obtain estimates of demand...
Persistent link: https://www.econbiz.de/10012763453
In May, 1981, a voluntary export restraint (VER) was placed on exports of automobiles from Japan to the United States. As trade policies go, this one was important. At about the same time, though to much less fanfare, international trade theorists were obtaining (then) startling results from...
Persistent link: https://www.econbiz.de/10013232011
this the imports-as--market-discipline hypothesis. I construct a simple static oligopoly model and estimate the model using … industries to which the hypothesis is relevant, markups change in the direction predicted by the theory. These changes are …
Persistent link: https://www.econbiz.de/10013221306
This paper is about the interactions between what is traditionally considered trade policy and a narrow but important aspect of competition policy, namely merger policy. We focus on links between merger policies and trade liberalization. We put special emphasis on the topical issue of the role...
Persistent link: https://www.econbiz.de/10013248106