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estimation of our model challenging, because we cannot observe the inputs into her decision process. Nevertheless, we are able to …
Persistent link: https://www.econbiz.de/10001915437
"This paper empirically examines the effects of market size on producers' sizes in retail trade industries with many producers. A robust prediction of oligopoly theory is that larger markets are more competitive and have lower price-cost markups. Because producers in more competitive markets...
Persistent link: https://www.econbiz.de/10001915478