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Estimating market power in homogeneous product markets using a composed error model


Type

Working Paper

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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

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Keywords

market power, random conduct parameter, composed error model, asymmetric distributions, California electricity market

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Publisher

Faculty of Economics

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