Showing 1 - 2 of 2
The existence of cartels, collusion and heterogeneity across firms is known to introduce some asymmetry in bidding games. A major difficulty when considering asymmetric auctions is that the equilibrium strategies are solutions of an intractable system of differential equations. This paper...
Persistent link: https://www.econbiz.de/10005827734
This paper develops and estimates a structural model of imperfect competition in international markets. The model incorporates a flexible non-linear demand framework with structural price equations. A general conjonctural variation approach is developed to characterize strategic interaction....
Persistent link: https://www.econbiz.de/10005773025