全球智库信息集成服务系统(G2TT): Estimating market power Evidence from the US Brewing Industry

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w22957
来源ID	Working Paper 22957
	Estimating market power Evidence from the US Brewing Industry
	Jan De Loecker; Paul T. Scott
发表日期	2016-12-19
出版年	2016
语种	英语
摘要	While inferring markups from demand data is common practice, estimation relies on difficult-to-test assumptions, including a specific model of how firms compete. Alternatively, markups can be inferred from production data, again relying on a set of difficult-to-test assumptions, but a wholly different set, including the assumption that firms minimize costs using a variable input. Relying on data from the US brewing industry, we directly compare markup estimates from the two approaches. After implementing each approach for a broad set of assumptions and specifications, we find that both approaches provide similar and plausible markup estimates in most cases. The results illustrate how using the two strategies together can allow researchers to evaluate structural models and identify problematic assumptions.
主题	Microeconomics ; Households and Firms ; Industrial Organization ; Market Structure and Firm Performance ; Firm Behavior ; Antitrust
URL	https://www.nber.org/papers/w22957
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/580630
推荐引用方式 GB/T 7714	Jan De Loecker,Paul T. Scott. Estimating market power Evidence from the US Brewing Industry. 2016.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w22957.pdf（586KB）	智库出版物		限制开放	CC BY-NC-SA	浏览