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Dynamic oligopoly: estimation and tests of market structure

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  • Karp, Larry S.
  • Perloff, Jeffrey M.

Abstract

A 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.

Suggested Citation

  • Karp, Larry S. & Perloff, Jeffrey M., 1988. "Dynamic oligopoly: estimation and tests of market structure," CUDARE Working Papers 6105, University of California, Berkeley, Department of Agricultural and Resource Economics.
    • Handle: RePEc:ags:ucbecw:6105
    DOI: 10.22004/ag.econ.6105
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    References listed on IDEAS

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