ESTIMATING MARKUPS AND MARKET CONDUCT WITH MULTIDIMENSIONAL PRODUCT ATTRIBUTES

• 成果类型: Article
• 署名作者: FEENSTRA, RC; LEVINSOHN, JA
• 署名单位: University of Michigan System; University of Michigan; National Bureau of Economic Research
• 刊物名称: REVIEW OF ECONOMIC STUDIES
• ISSN/ISSBN: 0034-6527
• DOI: 10.2307/2297840
• 发表日期: 1995
• 页码: 19-52
• 关键词: american automobile-industry; COMPETITION; demand

摘要

We demonstrate how to estimate a model of oligopoly pricing when products are multi-dimensionally differentiated. We provide an empirical counterpart to recent theoretical work on product differentiation. Using specifications informed by economic theory, we estimate price-cost margins for products differentiated in many dimensions.