Dynamic oligopoly: estimation and tests of market structure

Larry Karp and Jeffrey Perloff

No 6105, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: A linear-quadratic dynamic oligopoly model is developed and applied to the world coffee export market. The model nests various market structures using either open-loop or feedback strategies. The theoretical properties of this model are described. For given observed behavior, the assumption of feedback strategies implies a less competitive market structure than open-loop strategies.

Keywords: Industrial Organization; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 41
Date: 1988
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Related works:
Working Paper: Dynamic Oligopoly: Estimation and Tests of Market Structure (1988)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:6105

DOI: 10.22004/ag.econ.6105

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