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What is Identifying Oligopoly Solution Concepts about?

This paper discusses the identification of oligopoly solution concepts through econometric methods, showing that market power can be estimated even without cost or profit data. It highlights the challenges in distinguishing between competition and monopoly using observed prices and quantities, proposing a model that allows for both vertical shifts and rotations of the demand curve. The findings suggest that the degree of market power can be revealed through specific changes in demand, making competition and

Author

Andre Ribeiro

Language

EN