arXiv 17 Jul 2024 · Econometrics · 1 citations (OpenAlex)
arXiv:2407.12422 · PDF · DOI · OpenAlex · Extracted main text
We propose a constrained generalized method of moments estimator (GMM) incorporating theoretical conditions for the unique existence of equilibrium prices for estimating conduct parameters in a log-linear model with homogeneous goods markets. First, we derive such conditions. Second, Monte Carlo simulations confirm that in a log-linear model, incorporating the conditions resolves the problems of implausibly low or negative values of conduct parameters.
appendix boundary found by appendix_command · 42% 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, Timothy F (1982) The oligopoly solution concept is identified | 0.941 | 6 | 3 | 83% |
| 2 | Lau, Lawrence J (1982) On identifying the degree of competitiveness from industry price and output data | 0.737 | 3 | 2 | 100% |
| 3 | Matsumura, Yuri and Otani, Suguru (2023) Resolving the conflict on conduct parameter estimation in homogeneous goods markets between Bresnahan (1982) and Perloff and She… self | 0.606 | 6 | 2 | 33% |
| 4 | Corts, Kenneth S (1999) Conduct parameters and the measurement of market power | 0.511 | 2 | 1 | 100% |
| 5 | Magnolfi, Lorenzo and Sullivan, Christopher (2022) A comparison of testing and estimation of firm conduct | 0.511 | 2 | 1 | 100% |
| 6 | Mérel, Pierre R (2009) Measuring market power in the French Comté cheese market | 0.511 | 2 | 1 | 100% |
| 7 | Okazaki, Tetsuji and Onishi, Ken and Wakamori, Naoki (2022) Excess Capacity and Effectiveness of Policy Interventions: Evidence from the Cement Industry | 0.511 | 2 | 1 | 100% |
| 8 | Matsumura, Yuri and Otani, Suguru (2024) Challenges in Statistically Rejecting the Perfect Competition Hypothesis Using Imperfect Competition Data self | 0.405 | 1 | 1 | 100% |
| 9 | Yuri Matsumura and Suguru Otani (2025) Revisiting the Identification of the Conduct Parameter in Homogeneous Goods Markets self | 0.405 | 1 | 1 | 100% |
| 10 | Goldman, S. M. and Uzawa, H (1964) A Note on Separability in Demand Analysis | 0.000 | 3 | 1 | 0% |
Showing the top 10 of 11 scored citations.
arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.
| Citing paper | Intensity | Mentions | Sections | |
|---|---|---|---|---|
| 1 | Challenges in Statistically Rejecting the Perfect Competition Hypothesis Using Imperfect Competition Data | 0.405 | 1 | 1 |