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This paper (1) presents a general model of online price competition, (2) shows how to structurally estimate the underlying parameters of the model when the number of competing firms is unknown or in dispute, (3) estimates these parameters based on UK data for personal digital assistants, and (4)...
Persistent link: https://www.econbiz.de/10008665115
This paper considers identification and estimation of a general model for online price competition. We show that when the number of competing firms is unknown, the underlying parameters of the model can still be identified and estimated employing recently developed results on measurement errors....
Persistent link: https://www.econbiz.de/10012969726
Persistent link: https://www.econbiz.de/10011688237