关于非合作进入威慑的推论

IF 1.2 4区 管理学 Q3 ECONOMICS
Seiichiro Mizuta
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引用次数: 0

摘要

本研究对寡头垄断竞争下的战略进入阻遏行为进行了实证研究。我以 Gilbert 和 Vives 的框架为基础,建立了一个描述在位者阻止进入行为的结构计量经济学模型。我从理论上证明,在现任者阻止均衡进入的假设下,现任者的边际成本是区间确定的。我利用日本铝冶炼行业的数据对该结构模型进行了估计。利用工具进行的 Vuong 型模型选择检验表明,与没有进入威胁的普通库诺竞争模型相比,进入阻遏模型更符合数据。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Inference on noncooperative entry deterrence
This study empirically investigates strategic entry‐deterrence behavior under oligopolistic competition. I develop a structural econometric model describing incumbents' entry‐deterrence behavior based on the framework of Gilbert and Vives. I show theoretically that incumbents' marginal costs are interval‐identified under the assumption that incumbents deter entry in equilibrium. The structural model is estimated using data from the Japanese aluminum smelting industry. A Vuong‐type model selection test utilizing an instrument demonstrates that the entry‐deterrence model is more consistent with the data than an ordinary Cournot competition model without entry threats.
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来源期刊
CiteScore
3.20
自引率
5.30%
发文量
43
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