Estimation of Market Power in a Nonrenewable Resource Industry
AbstractIn this paper we derive a method for simultaneously estimating three possible determinants of output price : the marginal market cost of production, the user cost of the resource, and the exercise of market power.
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Bibliographic InfoPaper provided by Department of Economics at the University of Washington in its series Discussion Papers in Economics at the University of Washington with number 97-14.
Length: 24 pages
Date of creation: 1997
Date of revision:
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- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
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