Estimating Market Power Strategies
Book Details
Format
Paperback / Softback
ISBN-10
0521011140
ISBN-13
9780521011143
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 18th, 2007
Print length
352 Pages
Weight
500 grams
Dimensions
23.60 x 15.40 x 1.70 cms
Product Classification:
Microeconomics
Ksh 8,050.00
Manufactured on Demand
0 in stock
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Quality
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The book shows economists how to estimate the ability of firms to raise their prices above their costs and how to estimate firms' strategies. It is designed for graduate students, researchers, and practitioners. It can be used as a textbook or as a guide to conducting research.
This book presents, compares, and develops various techniques for estimating market power - the ability to set price profitably above marginal cost - and strategies - the game-theoretic plans used by firms to compete with rivals. The authors start by examining static model approaches to estimating market power. They extend the analysis to dynamic models. Finally, they develop methods to estimate firms' strategies directly and examine how these strategies determine market power. A detailed technical appendix reviews the relevant information-theoretic and other econometric models that are used throughout. Questions and detailed answers for students and researchers are provided in the book for easy use.
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