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A dynamic model of oligopoly in the coffee export market

Larry S. Karp and Jeffrey Perloff

No 6093, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: A linear-quadratic, dynamic feedback oligopoly model that nests various market structures is used to estimate the degree of competitiveness and the adjustment paths of the two largest coffee exporters, Brazil and Colombia. Their estimated behavior is relatively competitive. This subgame perfect dynamic model is-compared to a standard static oligopoly model and the open-loop model (the dynamic generalization of the standard static model). Both classical and Bayesian tests of open-loop and feedback dynamic models are reported.

Keywords: Industrial Organization; International Relations/Trade; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Date: 1990
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Related works:
Journal Article: A Dynamic Model of Oligopoly in the Coffee Export Market (1993) Downloads
Working Paper: A dynamic model of oligopoly in the coffee export market (1990) Downloads
Working Paper: A Dynamic Model of Oligopoly in the Coffee Export Market (1990) Downloads
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