Estimating market power in homogeneous product markets using a composed error model
Repository DOI
Change log
Authors
Orea, Luis
Steinbuks, Jevgenijs
Abstract
This study contributes to the literature on estimating market power in homogenous product markets. We estimate a composed error model, where the stochastic part of the firmメs pricing equation is formed by two random variables
Description
Keywords
market power, random conduct parameter, composed error model, asymmetric distributions, California electricity market
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Publisher
Faculty of Economics