| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28350 |
| 来源ID | Working Paper 28350 |
| Common Ownership and Competition in the Ready-to-Eat Cereal Industry | |
| Matthew Backus; Christopher Conlon; Michael Sinkinson | |
| 发表日期 | 2021-01-18 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Models of firm conduct are the cornerstone of both theoretical and empirical work in industrial organization. A recent contribution (Berry and Haile, 2014) has suggested the use of exclusion restrictions to test alternative conduct models. We propose a pairwise testing procedure based on this idea and show that the power of the test to discriminate between models is tied to the formulation of those restrictions as moments and how they reflect the nonlinearity of equilibrium markups. We apply this test to the ready-to-eat cereal market using detailed scanner and consumer data to evaluate the “common ownership” hypothesis, which has received significant attention. Although we show that the potential magnitude of common ownership effects would be large, our test finds that standard own-firm profit maximization is more consistent with the data. |
| 主题 | Econometrics ; Estimation Methods ; Industrial Organization ; Market Structure and Firm Performance ; Firm Behavior ; Antitrust |
| URL | https://www.nber.org/papers/w28350 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586021 |
| 推荐引用方式 GB/T 7714 | Matthew Backus,Christopher Conlon,Michael Sinkinson. Common Ownership and Competition in the Ready-to-Eat Cereal Industry. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28350.pdf（1188KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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