Tag: Bureau of Economics

Based on the concept of weakly separable utility (which applied empirical work implicitly or explicitly assumes), this paper develops a theoretical condition that a set of own and cross-elasticity of...

Price conjectural variations are estimated to measure the degree of price competition in a product differentiated oligopoly. The empirical model is a simultaneous equation system of product demand and...

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This paper compares two econometric methods that have been proposed for market definition: price correlations and residual demand curve estimation. Econometric theory is used to demonstrate that price...