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Despite its great prevalence in practice, competition through whole schedules of prices as function of quantities remains largely unexplored. To deal with this question, the multiprincipal incentive theory is exploited to build a theoretical model of oligopolistic competition which is fitted to...
Persistent link: https://www.econbiz.de/10005065676
We estimate Translog and Fourier forms for three sectors of the French economy. The hypothesis that the former can be reduced to the latter is highly rejected. We show that the hypothesis of an endogenous technical change drops the autocorrelation of the disturbances in the Fourier case only....
Persistent link: https://www.econbiz.de/10005066090
In this paper we develop a model to deal simultaneously with the holding of equipment and the choice of a level of usage. Based on individual data, our model deals with standard problems encountered in the empirical IO literature, i.e. price endogeneity, dimensionality of product sets and...
Persistent link: https://www.econbiz.de/10008619326
Persistent link: https://www.econbiz.de/10010898186