1.

Record Nr.

UNINA9910457600403321

Autore

Perloff Jeffrey M.

Titolo

Estimating market power and strategies / / Jeffrey M. Perloff, Larry S. Karp, Amos Golan [[electronic resource]]

Pubbl/distr/stampa

Cambridge : , : Cambridge University Press, , 2007

ISBN

1-107-17428-7

1-280-91737-7

9786610917372

0-511-28996-0

0-511-29056-X

0-511-28869-7

0-511-30188-X

0-511-75398-5

0-511-28937-5

Descrizione fisica

1 online resource (xi, 340 pages) : digital, PDF file(s)

Classificazione

83.80

Disciplina

338.4/301

Soggetti

Business enterprises - Finance

Corporations - Finance

Accounting

Strategic planning

Organizational effectiveness

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Nota di bibliografia

Includes bibliographical references (p. 289-302) and index.

Nota di contenuto

Introduction -- Structure-conduct-performance -- Industry models of market power -- Differentiated-product structural models -- Strategic reasons for a dynamic estimation model -- Dynamic games involving economic fundamentals -- Estimation of dynamic games involving economic fundamentals -- Estimation of market power using a linear-quadratic model -- Estimating strategies: theory -- Estimating strategies-case studies -- Statistical appendix -- Bibliography.

Sommario/riassunto

This book presents, compares, and develops various techniques for estimating market power - the ability to set price profitably above marginal cost - and strategies - the game-theoretic plans used by



firms to compete with rivals. The authors start by examining static model approaches to estimating market power. They extend the analysis to dynamic models. Finally, they develop methods to estimate firms' strategies directly and examine how these strategies determine market power. A detailed technical appendix reviews the relevant information-theoretic and other econometric models that are used throughout. Questions and detailed answers for students and researchers are provided in the book for easy use.