“On a Level with Dentists?” Reflections on the Evolution of Industrial Organization

Schmalensee, Richard

doi:10.1007/s11151-012-9356-6

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Using Price Instead Of Costs1

Introduction1

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2013

2024

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Article4

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Cited by 16 publications

(2 citation statements)

References 84 publications

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“…Schmalensee (2012) however argues that cost data when used judicially can be useful in economic studies. As a check on the results with cost as the dependent variable, the regression analysis was repeated with average price as the dependent variable.…”

Section: Using Price Instead Of Costsmentioning

confidence: 99%

Source of Cost Reduction in Solar Photovoltaics

Pillai,

Cruz

2013

SSRN Journal

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Section: Using Price Instead Of Costsmentioning

confidence: 99%

Source of Cost Reduction in Solar Photovoltaics

Pillai,

Cruz

2013

SSRN Journal

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“…Although this greatly simplifies the analysis, it constrains the degree of competition to certain predetermined level regardless of the actual market structure. As pointed out by a recent overview of the industrial organization field (Schmalensee, ), this approach contradicts the historic priorities in the field that is to identify unknown market conducts through empirical analysis. The dFG method avoids most of these pitfalls.…”

Section: Introductionmentioning

confidence: 99%

Comparing competitive toughness to benchmark outcomes in retail oligopoly pricing

Sakamoto

Stiegert

2017

Agribusiness

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Past research on pricing in imperfectly competitive markets conventionally assumes that competition operates through a specific quantity or a price game. However, most markets do not function in a manner consistent with a single static benchmark. Methods to overcome this problem have largely been rejected by the research community (i.e., conjectural variations). The primary objective of our research is to introduce a new methodology for measuring imperfect competition under product differentiation in consumer goods.We develop the empirical procedures for estimating a competitive toughness model as proposed by d'Aspremont, Dos Santos Ferreira, and Gérard-Varet. This approach presents a theoretically grounded procedure that measures market power in an empirically tractable framework. We estimate the proposed model on the retail market for ground coffee. Our results suggest that market power is understated in a model that imposes the restriction of Bertrand pricing.The results suggest that this could be a promising approach for use in many applications. [EconLit citations: D43, L13, K21]

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Competition within and Between Groups of Firms

d’Aspremont

Ferreira

2021

The Economics of Competition, Collusion and in-Between

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“On a Level with Dentists?” Reflections on the Evolution of Industrial Organization

Cited by 16 publications

References 84 publications

Source of Cost Reduction in Solar Photovoltaics

Source of Cost Reduction in Solar Photovoltaics

Comparing competitive toughness to benchmark outcomes in retail oligopoly pricing

Competition within and Between Groups of Firms

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