Dear research community,
I was wondering whether there is some empirical literature on how to distinguish between different forms of competition, e.g. Bertrand, Cournot, Bertrand-Edgeworth, Cournot-Bertrand, etc. The majority of papers seems to center around the airline industry, e.g. Brander and Zhang (1990, 1993) and mainly is from the 1990s (see e.g. Haskel and Martin, 1994, for another empirical contribution). However, as the econometric toolkit evolves, I guess there must be more empirical research out there, e.g. evidence of regime-switching between different forms of competition. I would be greatful for any hints to the empirical literature/econometric approaches.
Best,
Volker
References:
Brander, J.A. and Zhang, A. (1990): Market conduct in the airline industry: An empirical investigation, in: RAND Journal of Economics, Vol. 21 (4), 567-583
Brander, J.A. and Zhang, A. (1993): Dynamic oligopoly behaviour in the airline industry, in: International Journal of Industrial Organization, Vol. 11, 407-435
Haskel, J. and Martin, C. (1994): Capacity and competition: Empirical evidence on UK panel data, in: Journal of Industrial Economics, Vol. 42 (1), 23-44
Hello... It is possible to refer to market theories: oligopoly market, simple models such as the Cournot model, the mathematical treatment of the Cournot model, the Stackelberg model, the Edgeworth model, and the Chamberlain model.
Hi Abdullah,
Many thanks. I am well aware of the different theories. I'd like to see whether there are some new econometric tools that allow to differentiate between different types. Past literature mainly deals with figuring out the conjectural variation/conduct parameter, sometimes combining it with switching regressions to allow for different regimes. Any ideas with regard to the most recent tricks of the trade are highly appreciated.
Best regards,
Volker
- Badges
- Science topic
- Similar topics
- Mathematics
- Statistics
- Sampling Design
- Sample Size