| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19307 |
| 来源ID | Working Paper 19307 |
| Oblivious Equilibrium for Concentrated Industries | |
| C. Lanier Benkard; Przemyslaw Jeziorski; Gabriel Y. Weintraub | |
| 发表日期 | 2013-08-09 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | This paper explores the application of oblivious equilibrium to concentrated industries. We define an extended notion of oblivious equilibrium that we call partially oblivious equilibrium (POE) that allows for there to be a set of "dominant firms'', whose firm states are always monitored by every other firm in the market. We perform computational experiments that show that POE are often close to MPE in concentrated industries with characteristics similar to real world industries even when OE are not. We derive error bounds for evaluating the performance of POE when MPE cannot be computed. Finally, we demonstrate an important trade-off facing empirical researchers between implementing an equilibrium concept that is computationally light in a richer economic model, and implementing MPE in a simpler one. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w19307 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576981 |
| 推荐引用方式 GB/T 7714 | C. Lanier Benkard,Przemyslaw Jeziorski,Gabriel Y. Weintraub. Oblivious Equilibrium for Concentrated Industries. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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