Estimation of quantity games in the presence of indivisibilities and heterogeneous firms

Journal of Econometrics

Volumn 134, Issue 1, 2006, Pages 187-214

  Davis, Peter ^a,b,c  

^a LONDON SCHOOL OF ECONOMICS   (United Kingdom)

^b CEPR   (United Kingdom)

^c Applied Economics Ltd   (United Kingdom)

Author keywords

Entry games; Game theoretic empirical models; Leveraged buy outs; Limited dependent variable (LDV) models; Multiple equilibria; Quantity games; Retail markets; Simulation estimators

Indexed keywords

ESTIMATION; MARKETING; MATHEMATICAL MODELS; RETAIL STORES;

ENTRY GAMES; GAME THEORETIC EMPIRICAL MODELS; LIMITED DEPENDENT VARIABLE (LDV) MODELS; MULTIPLE EQUILIBRIA; QUANTITY GAMES;

GAME THEORY;

EID: 33746267217     PISSN: 03044076     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jeconom.2005.06.020     Document Type: Article

References (41)

1. Ackerberg, D., 2001. A new use of importance sampling to reduce computational burden in simulation estimation. Mimeo, UCLA.
2. Aguirregabiria, V., Mira, P., 2004. Sequential estimation of dynamic discrete games. Mimeo, Boston University.
3. Bajari, P., Benkard, L., Levin, J., 2004. Estimating dynamic models of imperfect competition. Mimeo, Stanford 2004.
4. Berry S. Estimation of a model of entry in the airline industry. Econometrica 60 4 (1992) 887-917
5. Berry, S., Pakes, A., Ostrovsky, M., 2002. Simple estimators for the parameters of discrete dynamic games (with entry/exit examples). Mimeo, Harvard University.
6. Blundell R., and Smith R.J. Coherency and estimation in simultaneous models with censored or qualitative dependent variables. Journal of Econometrics 64 (1994) 355-373
7. Bolton P., and Scharfstein D.S. A theory of predation based upon agency problems in financial contracting. American Economic Review 80 1 (1990) 93-106
8. Brander J., and Lewis T. Oligopoly and financial structure. American Economic Review 76 5 (1986) 956-970
9. Bresnahan T. The oligopoly solution concept is identified. Economics Letters 10 (1982) 87-92
10. Bresnahan T., and Reiss P. Entry in monopoly markets. Review of Economic Studies 57 (1990) 531-544
11. Bresnahan T., and Reiss P. Empirical models of discrete games. Journal of Econometrics 48 (1991) 57-82
12. Chevalier, J., 1995. Capital structure and product market competition: empirical evidence from the supermarket industry. American Economic Review.
13. Ciliberto, F., Tamer, E., 2004. Market structure and multiple equilibria in airline markets. Unpublished manuscript, Mimeo, Northwestern University.
14. Cotterill R., and Haller L. Barrier and queue effects: a study of leading US supermarket chain entry patterns. Journal of Industrial Economics 40 4 (1992) 427-440
15. Doraszelski, U., Satterthwaite, M., 2004. Foundations of Markov perfect industry dynamics: existence, purification and multiplicity. Mimeo, Harvard University.
16. Fudenberg, D., Tirole, J., 1986. A signal jamming theory of predation. Rand Journal of Economics.
17. Fudenberg D., and Tirole J. Game Theory (1991), MIT Press, Cambridge, MA
18. Gibbons R. A Primer in Game Theory (1992), Harvester Wheatsheaf, Hertfordshire, UK
19. Glazer, J., 1994. The strategic effects of long term debt in imperfect competition. Journal of Economic Theory.
20. Gourieroux, C., Monfort, A., 1990. Simulation based econometrics in models with heterogeneity. Annales D'Economie et de Statistique.
21. Gourieroux C., and Monfort A. Simulation based inference: a survey with special references to panel data models. Journal of Econometrics 59 (1993) 5-33
22. Hansen L. Large sample properties of generalized method of moment estimators. Econometrica 50 (1982) 1029-1954
23. Laffont J.J., Ossard H., and Vuong Q. Econometrics of first price auctions. Econometrica 95 (1995) 953-980
24. Lau. On identifying the degree of competitiveness from industry price and output data. Economics Letters 10 (1982) 93-99
25. Maksimovic V. Capital structure in repeated oligopolies. Rand Journal of Economics 19 3 (1988) 389-407
26. Mazzeo M. Product choice and oligopoly market structure. RAND Journal of Economics 33 (2002) 1-22
27. Milgrom P., and Roberts J. Rationalizability, learning and equilibrium in games with strategic complementarities. Econometrica 58 (1990) 1255-1277
28. Milgrom P., and Shannon C. Monotone comparative statics. Econometrica 62 (1994) 157-180
29. Moulin H. Dominance solvability and Cournot stability. Mathematical Social Sciences 7 (1984) 83-102
30. Novshek, 1985. On the existence of Cournot equilibrium. Review of Economic Studies LII, 85-98.
31. Pakes A., and Pollard D. Simulation and the asymptotics of optimization estimators. Econometrica 57 (1989) 1027-1057
32. Pesendorfer, M., Schmidt-Dengler, P., 2003. Identification and estimation of dynamic games. CEPR Discussion Paper 3965.
33. Phillips, G.M., 1991. Financing slack, refinancing decisions, and firm interaction. Working Paper, Krannert School of Management, Purdue University.
34. Rotemberg, J.J., Scharfstein, D.S., 1990. Shareholder-value maximization and product market competition. Review of Financial Studies.
35. Schmidt P. Constraints on the parameters in simultaneous tobit and probit models. In: Manski C., and McFadden D. (Eds). Structural Analysis of Discrete Data with Econometric Applications (1981), MIT Press, Cambridge, MA 422-434
36. Seim, K., 2002. An empirical model of firm entry with endogenous product type choices. Mimeo, Stanford University GSB.
37. Sutton J. Technology and Market Structure (1998), MIT Press, Cambridge, MA
38. Tamer E.T. Incomplete simultaneous discrete response model with multiple equilibria. Review of Economic Studies 70 (2003) 147-165
39. Tarski A. A lattice-theoretical fixpoint theorem and its applications. Pacific Journal of Mathematics 5 (1955) 285-309
40. Topkis D.M. Supermodularity and Complementarity. Frontiers of Economic Research (1998), Princeton University Press, Princeton, NJ
41. Vives X. Nash equilibrium with strategic complementarities. Journal of Mathematical Economics 19 (1990) 305-321