Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10009502405
Persistent link: https://www.econbiz.de/10009419545
Persistent link: https://www.econbiz.de/10011477113
We specify and estimate a dynamic game to study the equilibrium relationship between market structure and innovation in the automobile industry. The quality of each firm's product for the average consumer, the key state variable, is modeled as stochastically increasing in innovation, the dynamic...
Persistent link: https://www.econbiz.de/10014155399
We first estimate a dynamic game for the global automobile industry and then compute a Markov Perfect equilibrium to study the equilibrium relationship between market structure and innovation. The key state variable in the model is the efficiency level of each firm and the market structure is...
Persistent link: https://www.econbiz.de/10014041800
We first estimate a dynamic game for the global automobile industry and then compute a Markov Perfect equilibrium to study the equilibrium relationship between market structure and innovation. The key state variable in the model is the efficiency level of each firm and the market structure is...
Persistent link: https://www.econbiz.de/10011084428