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Three Essays on Empirical Industrial Organization

Author: Zening Li
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description

Three Essays on Empirical Industrial Organization

Author: Zening Li
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description

Three Essays in Empirical Industrial Organization

Author: Ricardo Ribeiro
Publisher:
ISBN:
Category : Academic theses
Languages : en
Pages : 0

Book Description

Three Essays in Empirical Industrial Organization

Author: Matthew Shum
Publisher:
ISBN:
Category :
Languages : en
Pages : 210

Book Description

Three Essays on Empirical Industrial Organization

Author: Amela Saric-Babin
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description

Three Essays in Industrial Organization

Author: Raymond J. Deneckere
Publisher:
ISBN:
Category : Industrial organization (Economic theory)
Languages : en
Pages : 260

Book Description

Three Essays in Industrial Organization

Author: Steven Robert Postrel
Publisher:
ISBN:
Category :
Languages : en
Pages : 376

Book Description

Three Essays on Empirical Industrial Organization

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
In the first essay I offer a structural model of firm behavior that builds up on a neoclassical demand system, namely the Generalized Quadratic Almost Ideal Demand System, and an assumption of firms pursuing profit maximization. I contribute to the literature by relaxing several important restrictions on the consumer behavior that have been used widely in the past. With the important aspects of firm market conduct unobservable, the structural models of firm behavior heavily rely upon the assumption that consumer demand is correctly specified. Therefore, we show that oligopoly market studies overlooking these aspects of demand will likely result in wrong inferences and lead to misleading policy implications. In the second essay, I extend the standard random coefficient logit demand(S-RCL) that has been a workhorse model in the most recent Empirical IO literature. While the S-RCL relies on an ad-hoc linear functional form for the indirect utility function implying constant marginal utility of product attributes, I generalize this framework allowing for diminishing marginal utility and let the data determine the utility functional form. I then apply this framework to study vertical interactions between milk manufacturers and retailers in the U.S., and show that retailers have more market power under this generalized structure vis-à-vis the model using S-RCL demand. In the third essay I offer a new conceptual framework for studying the market performance of vertically aligned retail-manufacturing sectors. It revisits the benefit function approach to modeling demand, and extends its application to the empirical IO literature. I demonstrate the usefulness of the approach in a study of retail market behavior in the marketing of branded and private label yogurt.