Distance, Demand, and Oligopoly Pricing
AbstractWe demonstrate how to estimate a model of product demand and oligopoly pricing when products are multi-dimensionally differentiated. We provide an empirical counterpart to recent theoretical work on product differentiation. Using specifications informed by economic theory, we simultaneously estimate a demand system and price-cost margins for products differentiated in many dimensions.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 3076.
Date of creation: Aug 1989
Date of revision:
Publication status: published as "Estimating Markups and Market Conduct with Multidimensional Product Attributes," Review of Economic Studies, vol. 62, pp 19-52, 1995.
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Other versions of this item:
- Feenstra, R.C. & Levinsohn, J.A., 1989. "Distance, Demand, And Oligopoly Pricing," Working Papers 245, Research Seminar in International Economics, University of Michigan.
- Feenstra, R.C. & Levinsohn, J.A., 1989. "Distance, Demand And Oligopoly Pricing," Papers 342, California Davis - Institute of Governmental Affairs.
- Feenstra, R.C. & Levinsohn, J.A., 1989. "Distance, Demand, And Oligopoly Pricing," Papers 89-19, Michigan - Center for Research on Economic & Social Theory.
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