Dynamic Oligopoly in Rice: Estimation and Tests of Market Structure and Subgame Perfection

A linear-quadratic cost-of-adjustment model is used to estimate market structure, firm rationality, and adjustment costs. Market structure is measured by an index that is analogous to a conjectural variation. We consider both open-loop and subgame perfect equilibria. The model is used to study the rice export market.


Issue Date:
Aug 02 1987
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/269977
Language:
English
Total Pages:
14




 Record created 2018-03-27, last modified 2018-03-27

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