G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w22957
来源IDWorking 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
URLhttps://www.nber.org/papers/w22957
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/580630
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Jan De Loecker,Paul T. Scott. Estimating market power Evidence from the US Brewing Industry. 2016.
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