| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13255 |
| DP13255 Firms' Beliefs and Learning: Models, Identification, and Empirical Evidence | |
| Victor Aguirregabiria | |
| 发表日期 | 2018-10-18 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | This paper reviews recent literature on structural models of oligopoly competition where firms have biased beliefs about primitives of the model (e.g. demand, costs) or about the strategic behavior of other firms in the market. We describe different structural models that have been proposed to study this phenomenon and examine the approaches used to identify firms' beliefs. We discuss empirical results in recent studies and show that accounting for firms' biased beliefs and learning can have important implications on our measures and interpretation of market efficiency. |
| 主题 | Industrial Organization |
| 关键词 | beliefs Learning Dynamics Identification Oligopoly competition Structural models |
| URL | https://cepr.org/publications/dp13255 |
| 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/542063 |
| 推荐引用方式 GB/T 7714 | Victor Aguirregabiria. DP13255 Firms' Beliefs and Learning: Models, Identification, and Empirical Evidence. 2018. |
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