Generalized linear competition: From pass-through to policy
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Authors
Genakos, C.
Grey, F.
Ritz, R.
Abstract
Economic policy and shifts in input market prices often have significant effects on the marginal costs of firms and can prompt strategic responses that make their impact hard to predict. We introduce “generalized linear competition” (GLC), a new model tha
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Keywords
Pass-through, imperfect competition, regulation, carbon pricing, airlines, political economy
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Faculty of Economics, University of Cambridge