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Competition, Markups, and the Gains from International Trade

Edmond, Chris - 2014

We study the gains from trade in a model with endogenously variable markups. We show that the pro-competitive gains from trade are large if the economy is characterized by (i) extensive misallocation, i.e., large inefficiencies associated with markups, and (ii) a weak pattern of cross-country...

Persistent link: https://www.econbiz.de/10013066161

Entry, Exit, and the Determinants of Market Structure

Dunne, Timothy - 2009

Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a dynamic, structural model of entry and exit in...

Persistent link: https://www.econbiz.de/10013156542

Do Oligopolists Pollute Less? Evidence from a Restructured Electricity Market

Mansur, Erin T. - 2007

Electricity restructuring has created the opportunity for producers to exercise market power. Oligopolists increase price by distorting output decisions, causing cross-firm production inefficiencies. This study estimates the environmental implications of production inefficiencies attributed to...

Persistent link: https://www.econbiz.de/10012775794

Distance, Demand, and Oligopoly Pricing

Feenstra, Robert C. - 2007

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

Targeted Export Promotion with Several Oligopolistic Industries

Dixit, Avinash - 2010

In this paper we ask whether a policy of targeted export promotion can raise domestic welfare when several oligopolistic industries all draw on the same scarce factor of production. Our point of departure is one of Cournot duopoly in which a single home firm competes with a single foreign firm...

Persistent link: https://www.econbiz.de/10012760334

Price and Capacity Competition

Acemoglu, Daron - 2010

We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The … demands across the firms. We first establish the existence of pure strategy subgame perfect equilibria (oligopoly equilibria … oligopoly equilibria of this game can be arbitrarily low. However, if the best oligopoly equilibrium is selected (among multiple …

Persistent link: https://www.econbiz.de/10012760481

Automobile Prices in Market Equilibrium : Part I and Ii

Berry, Steven - 2010

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

Intra-Industry Trade with Bertrand and Cournot Oligopoly : The Role of Endogenous Horizontal Product Differentiation

Brander, James A. - 2015

from trade under Bertrand and Cournot oligopoly. Firms differentiate their products to mitigate competition, but only if …

Persistent link: https://www.econbiz.de/10013026792

International Oligopoly and Asymmetric Labour Market Institutions

Brander, James A.; Spencer, Barbara J. - 2021

Asymmetries in labour relations can have important effects on imperfectively competitive rivalries between firms. Such asymmetries are particularly striking in cross-country comparisons and are therefore of greatest interest in international markets. Using a simple duopoly model, we focus on two...

Persistent link: https://www.econbiz.de/10013217947

Estimating Dynamic Models of Imperfect Competition

Bajari, Patrick; Benkard, C. Lanier; Levin, Jonathan - 2021

oligopoly models similar to that of Pakes and McGuire (1994) …

Persistent link: https://www.econbiz.de/10013218730

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