| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10273 |
| DP10273 Dynamic Spatial Competition Between Multi-Store Firms | |
| Victor Aguirregabiria | |
| 发表日期 | 2014-11-30 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We propose a dynamic model of an oligopoly industry characterized by spatial competition between multi-store retailers. Firms compete in prices and decide where to open or close stores depending on demand conditions and the number of competitors at different locations, and on location-specific private-information shocks. We develop an algorithm to approximate a Markov Perfect Equilibrium in our model, and propose a procedure for the estimation of the parameters of the model using panel data on number of stores, prices, and quantities at multiple geographic locations within a city. We also present numerical examples to illustrate the model and algorithm. |
| 主题 | Industrial Organization |
| 关键词 | Industry dynamics Spatial competition Spatial preemption Store location Sunk costs Cannibalization |
| URL | https://cepr.org/publications/dp10273 |
| 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/539105 |
| 推荐引用方式 GB/T 7714 | Victor Aguirregabiria. DP10273 Dynamic Spatial Competition Between Multi-Store Firms. 2014. |
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