| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5029 |
| DP5029 Real Exchange Rate Overshooting RBC Style | |
| Patrick Minford; Eric Nowell; David Meenagh; Prakriti Sofat | |
| 发表日期 | 2005-04-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We study the effect of entry on costs and competition in the Portuguese mobile telephony industry. We construct and estimate a model that includes demand, network, and cost equations. The latter accounts for inefficiency and cost reducing effort. We show that failure to account for cost reducing effort leads to biased estimates of competition in the industry. We also find that our estimated price-cost margins are similar to hypothetical Nash margins, if firms are patient, and have optimistic beliefs about the industry growth. Finally, our results suggest that the entry of a third operator in 1998 led to significant cost reductions, and fostered competition. |
| 主题 | Industrial Organization |
| 关键词 | Mobile telephony Entry Competition Efficiency Empirical analysis |
| URL | https://cepr.org/publications/dp5029 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533927 |
| 推荐引用方式 GB/T 7714 | Patrick Minford,Eric Nowell,David Meenagh,et al. DP5029 Real Exchange Rate Overshooting RBC Style. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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