Dynamic Oligopoly: Estimation and Tests of Market Structure

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 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: coffee; farm products; game theory; marketing; mathematical models; oligopoly (search for similar items in EconPapers)
Date: 1988-10-01
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Working Paper: Dynamic oligopoly: estimation and tests of market structure (1988)
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