Dynamic oligopoly: estimation and tests of market structure

A linear-quadratic dynamic oligopoly model is developed and applied to the world coffee export market. The model nests various market structures using either open-loop or feedback strategies. The theoretical properties of this model are described. For given observed behavior, the assumption of feedback strategies implies a less competitive market structure than open-loop strategies.


Issue Date:
1988
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/6105
Total Pages:
41
Series Statement:
CUDARE Working Paper
468




 Record created 2017-04-01, last modified 2017-08-23

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)