How Market Power Changes in Monopoly: Using Lau’s Hessian Identities
AbstractThis research examines market power using Lau’s Hessian Identity relationships based on the empirical properties of duality theory. We compare the performance of the proposed dual approach using Lau’s Hessian Identity relationships with the simple traditional dual approach.
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Bibliographic InfoPaper provided by Agricultural and Applied Economics Association in its series 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania with number 103932.
Date of creation: 2011
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Lau’s Hessian Identity; Monte Carlo simulation; Market Power; Monopoly; Marketing;
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