Measuring Market Power in a Durable Goods Oligopoly: the Automobile Market
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منابع مشابه
How Much Competition is a Secondary Market?
Do active secondary markets aid or harm durable goods manufacturers? We build a dynamic equilibrium model of durable goods oligopoly, with consumers who incur lumpy costs when transacting in the secondary market, and calibrate it to U.S. automobile industry data. By varying transaction costs, we obtain a direct measure of the competitive pressure that secondary markets create on durable goods m...
متن کاملHow much competition is a secondary Market ? by Jiawei Chen , Susanna Esteban and Matthew Shum April 2010
Do active secondary markets aid or harm durable goods manufacturers? We build a dynamic equilibrium model of durable goods oligopoly, with consumers who incur lumpy costs when transacting in the secondary market, and calibrate it to U.S. automobile industry data. By varying transaction costs, we obtain a direct measure of the competitive pressure that secondary markets create on durable goods m...
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تاریخ انتشار 2001