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DEMAND AND COST FUNCTION ESTIMATION UNDER

Domenii publicaţii > Economie + Tipuri publicaţii > Articol în revistã ştiinţificã

Autori: Cornelia Tomescu Dumitrescu

Editorial: 2008.

Rezumat:

The demand specification plays a critical role in competition models because its position, shape and sensitivity to competitors’ actions affects a firm’s ability to mark up price above cost. In this article, we discuss Porter’s empirical model of competition in an oligopoly market, it is an excellent example of how structural econometric modeling should be undertaken.

Cuvinte cheie: Demand, supply, models, homogeneous