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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
We examine the interplay between market structure and the form that commodity taxation should take in a general equilibrium model in which firms produce differentiated products and so are able to exert market power. Our analysis takes account of two important recent developments that affect...
Persistent link: https://www.econbiz.de/10013237237
Contractual theories of vertical integration derive firm boundaries as an efficient response to market transaction costs. These theories predict a relationship between underlying features of transactions and observed integration decisions. There has been some progress in testing these...
Persistent link: https://www.econbiz.de/10013066521
machinery, electrical products and chemical products industries. The results show that there is significant oligopoly power in …
Persistent link: https://www.econbiz.de/10013324015
of oligopoly concerns resulting from mergers. In this paper, we provide a critique of Bork's views on merger policy from …
Persistent link: https://www.econbiz.de/10013057828
determines how changes in trade frictions affect allocative efficiency in an oligopoly model of international trade, decomposing …
Persistent link: https://www.econbiz.de/10013063359
1980s. Subsequent literature for the most part kept imperfect competition but jettisoned oligopoly. Instead, as the …. The use of oligopoly in trade models has been criticized for reasons that we argue are unpersuasive. Renewed incorporation …
Persistent link: https://www.econbiz.de/10012949400
Almost all of the large literature on international trade with imperfect competition assumes exogenous market structures. The purpose of this paper is to develop a simple model that generates alternative market structures as Nash equilibria for different parameterizations of the basic model....
Persistent link: https://www.econbiz.de/10013222615
. One option, for which Canada is relatively well prepared, is the British model of activist independent institutional …
Persistent link: https://www.econbiz.de/10013135809
countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records … depreciation and before taxes is found to fluctuate around 10-11% without a persistent trend. For Canada, the indivi- dual company … Canada supple- mented by some unpublished data supplied by Statistics Canada suggest that the cost of capital in Canada is …
Persistent link: https://www.econbiz.de/10013249360