Dynamic Oligopoly: Estimation and Tests of Market Structure
AbstractA linear-quadratic dynamic oligopoly model is developed and applied to the world coffee export market. The model nests various market structures using either open-loop or feedback strategies. The theoretical properties of this model are described. For given observed behavior, the assumption of feedback strategies implies a less competitive market structure than open-loop strategies.
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Bibliographic InfoPaper provided by Department of Agricultural & Resource Economics, UC Berkeley in its series Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series with number qt7fk1119n.
Date of creation: 01 Oct 1988
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coffee; farm products; game theory; marketing; mathematical models; oligopoly;
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