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How Market Power Changes in Monopoly: Using Lau’s Hessian Identities

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  • Yamaura, Koichi
  • Featherstone, Allen M.

Abstract

This 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.

Suggested Citation

  • Yamaura, Koichi & Featherstone, Allen M., 2011. "How Market Power Changes in Monopoly: Using Lau’s Hessian Identities," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103932, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea11:103932
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    File URL: http://purl.umn.edu/103932
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    References listed on IDEAS

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    1. Graff Zivin, Joshua & Small, Arthur A., 2003. "Risk sharing in Coasean contracts," Journal of Environmental Economics and Management, Elsevier, vol. 45(2, Supple), pages 394-415, March.
    2. Swierzbinski Joseph E., 1994. "Guilty until Proven Innocent-Regulation with Costly and Limited Enforcement," Journal of Environmental Economics and Management, Elsevier, vol. 27(2), pages 127-146, September.
    3. Segerson, Kathleen, 1988. "Uncertainty and incentives for nonpoint pollution control," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 87-98, March.
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    Keywords

    Lau’s Hessian Identity; Monte Carlo simulation; Market Power; Monopoly; Marketing;

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