Collinearity in Linear Structural Models of Market Power

The well-known structural model used to estimate market structure suffers from a severe collinearity problem if the marginal cost and demand equations are linear.


Issue Date:
2001
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/25012
Total Pages:
16
JEL Codes:
L13; C1
Series Statement:
CUDARE Working Paper 949




 Record created 2017-04-01, last modified 2017-08-24

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