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Cited by 393

The DOI matches its Crossref record; 13 of the 13 references it cites were found in a registry or an index.

Testing Static Oligopoly Models: Conduct and Cost in the Sugar Industry, 1890-1914

Open access
Genesove, David, Mullin, Wallace P.·1998·The RAND Journal of Economics

Abstract

We explore the widespread methodology of using demand information to infer market conduct and unobserved cost components under the hypothesis of static oligopoly behavior. Direct measures of marginal cost and conduct, indicating small market power, serve as benchmarks. The more competitive models yield better cost estimates. The best cost estimates occur when conduct is estimated as a free parameter, which in turn only slightly underestimates our direct measure. It also tracks the decline in market power accompanying the industry's structural changes. The methodology is largely validated, although partial cost information can improve its predictive power. Conclusions are robust to demand function.

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Metadata

Authors
Genesove, D., & Mullin, W. P.
Venue
The RAND Journal of Economics
Publisher
Wiley
Published
1998
Volume
29
Issue
2
Pages
355
ISSN
0741-6261 (ISSN-L)
OpenAlex
W1969397851
Cited by
393
References
13
FWCI
23.82
Type
journal article
Language
en
Open access
green

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