A Dynamic Model of Oligopoly in the Coffee Export Market

Larry Karp and Jeffrey Perloff

Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley

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: coffee; dynamic oligopoly. econometric; subgame perfect Nash (search for similar items in EconPapers)
Date: 1990-08-24
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.escholarship.org/uc/item/6m80c6nx.pdf;origin=repeccitec (application/pdf)

Related works:
Journal Article: A Dynamic Model of Oligopoly in the Coffee Export Market (1993)
Working Paper: A dynamic model of oligopoly in the coffee export market (1990)
Working Paper: A dynamic model of oligopoly in the coffee export market (1990)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cdl:agrebk:qt6m80c6nx

Access Statistics for this paper

More papers in Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley Contact information at EDIRC.
Bibliographic data for series maintained by Lisa Schiff ().