A dynamic model of oligopoly in the coffee export market

A linear-quadratic, dynamic feedback oligopoly model that nests various market structures is used to estimate the degree of competitiveness and the adjustment paths of the two largest coffee exporters, Brazil and Colombia. Their estimated behavior is relatively competitive. This subgame perfect dynamic model is-compared to a standard static oligopoly model and the open-loop model (the dynamic generalization of the standard static model). Both classical and Bayesian tests of open-loop and feedback dynamic models are reported.


Issue Date:
Aug 24 1990
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/47250
Total Pages:
29
Series Statement:
CUDARE Working Paper
555R




 Record created 2017-04-01, last modified 2017-08-25

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