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Policy Analysis In An Imperfectly Competitive Market: A Conjectural Variations Model For The Food Manufacturing Industry

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  • Maier, Leopold

Abstract

The effects of government policies are analyzed in a conjectural variations model of U.S. food manufacturing. The policy elasticities of the perfectly competitive model are valid predictors of policy effects irrespective of the type of oligopoly. Changes in the degree of competition may alter the magnitude of the policy elasticities.

Suggested Citation

  • Maier, Leopold, 1990. "Policy Analysis In An Imperfectly Competitive Market: A Conjectural Variations Model For The Food Manufacturing Industry," Working Papers 6878, Cornell University, Department of Applied Economics and Management.
    • Handle: RePEc:ags:cudawp:6878
    DOI: 10.22004/ag.econ.6878
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    References listed on IDEAS

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    1. Iwata, Gyoichi, 1974. "Measurement of Conjectural Variations in Oligopoly," Econometrica, Econometric Society, vol. 42(5), pages 947-966, September.
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