arXiv 17 Jan 2023 · Econometrics · publishedEconomics Letters (2023) · 1 citations (OpenAlex)
arXiv:2301.06665 · PDF · DOI · OpenAlex · Extracted main text
We revisit conduct parameter estimation in homogeneous goods markets to resolve the conflict between Bresnahan (1982) and Perloff and Shen (2012) regarding the identification and the estimation of conduct parameters. We point out that Perloff and Shen's (2012) proof is incorrect and its simulation setting is invalid. Our simulation shows that estimation becomes accurate when demand shifters are properly added in supply estimation and sample sizes are increased, supporting Bresnahan (1982).
appendix boundary found by appendix_command · 56% of the source is main text. Read the extracted text to check this.
The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | Bresnahan (1982) The oligopoly solution concept is identified | 1.000 | 7 | 3 | 100% |
| 2 | Perloff and Shen (2012) Collinearity in linear structural models of market power | 0.737 | 3 | 2 | 100% |
| 3 | Berry and Haile (2014) Identification in differentiated products markets using market level data | 0.405 | 1 | 1 | 100% |
| 4 | Claessens and Laeven (2004) What Drives Bank Competition? Some International Evidence | 0.405 | 1 | 1 | 100% |
| 5 | Coccorese and Pellecchia (2013) Multimarket Contact, Competition and Pricing in Banking | 0.405 | 1 | 1 | 100% |
| 6 | Coccorese, Girardone and Shaffer (2021) What Affects Bank Market Power in the Euro Area? A Country-Level Structural Model Approach | 0.405 | 1 | 1 | 100% |
| 7 | Garcia, Kutlu and Sickles (2020) Market Structures in Production Economics | 0.405 | 1 | 1 | 100% |
| 8 | Kumbhakar, Baardsen and Lien (2012) A New Method for Estimating Market Power with an Application to Norwegian Sawmilling | 0.405 | 1 | 1 | 100% |
| 9 | Lau (1982) On identifying the degree of competitiveness from industry price and output data | 0.405 | 1 | 1 | 100% |
| 10 | Magnolfi, Quint, Sullivan and Waldfogel (2022) Falsifying Models of Firm Conduct | 0.405 | 1 | 1 | 100% |
Showing the top 10 of 13 scored citations.
arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.