We consider a Cournot oligopoly market of firms possessing increasing returns to scale technologies (which may not be … ering to subsidize one firm an amount which depends on the output level of that firm and the market price. The firms bid for … a price equal to its average cost (iii) Every other firm willingly exit the market and (iv) Market price decreases …

; pay-as-bid auction ; discriminatory auction ; divisible good auction ; oligopoly ; electricity market …

"We consider nonparametric identification in models of differentiated products markets, using only market level … models widely used in applied work. We allow for product/market-specific unobservables, endogenous product characteristics e … marginal costs nonparametrically, allow for unobserved firm heterogeneity, and nest a variety of equilibrium oligopoly models …