A method of estimating market structure and tax incidence, when data are available for some firms and the total industry, is applied to the domestic Japanese television market. This market is shown to be oligopolistic with a tax incidence on consumers greater than 100 percent. Tax incidence...

A linear-quadratic dynamic oligopoly model is used to estimate the competitiveness of the rice export market. The model nests various market structures using either open-loop or feedback strategies. The estimated feedback model implies a less competitive market structure than the estimated...

The strategic effects of subsidies on output and subsidies on investment differ substantially in dynamic models where a government's commitment ability is limited. Output subsidies remain effective even as the period of commitment vanishes but investment subsidies may become completely...

Industrial policies that are essentially nonlinear taxes or subsidies on adjustment costs of domestic firms affect those firms' market power in oligopolistic international markets. These adjustment policies often can achieve a strategic purpose at lower cost to the government than linear trade...

Using a maximum entropy technique, the authors estimate the market shares of each firm in an industry using the available government summary statistics such as the four-firm concentration ratio and the Herfindahl-Hirschmann Index. They show that their technique is very effective in estimating...

This paper presents a new generalized maximum entropy (GME) approach to estimation of sample-selection models with small data sets, such as are found in many empirical agricultural economic analysis. For small samples, the GME approach produces more stable estimates and has smaller mean square...

This paper provides a closed-form rule for dynamic hedging with production uncertainty. The rule is obtained by considering a discret e time control problem, in the limit, as the interval between hedging opportunities goes to zero. Price may be expected to increase or decrease so that a...