| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15127 |
| DP15127 GENERALIZED LINEAR COMPETITION: From pass-through to policy | |
| Christos Genakos; Felix Grey; Robert Ritz | |
| 发表日期 | 2020-08-03 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Economic policy and shifts in input market prices often have significant effects on the marginal costs of firms and can prompt strategic responses that make their impact hard to predict. We introduce "generalized linear competition" (GLC), a new model that nests many existing theories of imperfect competition. We show how firm-level cost pass-through is a sufficient statistic to calculate the impact of a cost shift on an individual firm's profits. GLC sidesteps estimation of a demand system and requires no assumptions about the mode of competition, rivals' technologies and strategies, or "equilibrium" . In an empirical application to the US airline market, we demonstrate GLC's usefulness for ex ante policy evaluation and identify the winners and losers of climate-change policy. We also show how GLC's structure, under additional assumptions, can be used for welfare analysis and to endogenize the extent of regulation. |
| 主题 | Industrial Organization |
| 关键词 | Pass-through Imperfect competition Regulation Carbon pricing Airlines Political economy |
| URL | https://cepr.org/publications/dp15127 |
| 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/544088 |
| 推荐引用方式 GB/T 7714 | Christos Genakos,Felix Grey,Robert Ritz. DP15127 GENERALIZED LINEAR COMPETITION: From pass-through to policy. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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