| Title: | Estimating market power in homogeneous product markets using a composed error model |
| Authors: | Orea, Luis Steinbuks, Jevgenijs |
| Keywords: | market power random conduct parameter composed error model asymmetric distributions California electricity market |
| Issue Date: | 25-Apr-2012 |
| Publisher: | Faculty of Economics, University of Cambridge, UK |
| Series/Report no.: | CWPE 1220 |
| Abstract: | This study contributes to the literature on estimating market power in homogenous product markets. We estimate a composed error model, where the stochastic part of the firmﾒs pricing equation is formed by two random variables |
| URI: | http://www.econ.cam.ac.uk/dae/repec/cam/pdf/cwpe1220.pdf http://www.dspace.cam.ac.uk/handle/1810/243977 |
| Appears in Collections: | Cambridge Working Papers in Economics |
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