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

Larry Karp and Jeffrey Perloff

No 269977, 1987 Annual Meeting, August 2-5, East Lansing, Michigan from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: 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.

Keywords: Crop Production/Industries; Marketing (search for similar items in EconPapers)
Pages: 14
Date: 1987-08-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea87:269977

DOI: 10.22004/ag.econ.269977

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