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Persistent link: https://www.econbiz.de/10010407785
This paper addresses a fundamental identification problem in the structural estimation of dynamic oligopoly models of market entry and exit. Using the standard datasets in existing empirical applications, three components of a firm’s profit function are not separately identified: the fixed...
Persistent link: https://www.econbiz.de/10010959212
Persistent link: https://www.econbiz.de/10014333376
This paper addresses a fundamental identification problem in the structural estimation of dynamic oligopoly models of market entry and exit. Using the standard datasets in existing empirical applications, three components of a firm's profit function are not separately identified: the fixed cost...
Persistent link: https://www.econbiz.de/10010897036
Persistent link: https://www.econbiz.de/10014334650