Trucks without Bailouts: Equilibrium Product Characteristics for Commercial Vehicles
نویسندگان
چکیده
منابع مشابه
Trucks without bailouts: Equilibrium product characteristics for commercial vehicles JOB MARKET PAPER
In differentiated product markets, the entry and exit of individual product models— rather than of firms—often serve as the main equilibrating force. Market structure changes that lead to high prices also tend to encourage entry, partially offsetting the effects. Thus, accurately predicting changes from a merger or bankruptcy should incorporate this behavior. I develop a model of equilibrium pr...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2018
ISSN: 0002-8282
DOI: 10.1257/aer.20160863