全球智库信息集成服务系统(G2TT): Estimating Discrete Games with Many Firms and Many Decisions: An Application to Merger and Product Variety

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w30146
来源ID	Working Paper 30146
	Estimating Discrete Games with Many Firms and Many Decisions: An Application to Merger and Product Variety
	Ying Fan; Chenyu Yang
发表日期	2022-06-13
出版年	2022
语种	英语
摘要	This paper presents a new method for estimating discrete games based on bounds of conditional choice probabilities. The method does not require solving the game and is scalable to models with many firms and many discrete decisions. We apply the method to study merger effects on firm entry and product variety in the retail craft beer market in California. We simulate an acquisition of multiple craft breweries by a large brewery and find that the acquisition would induce firm entry and product entry by non-merging firms. However, these changes are insufficient to offset the negative welfare effects resulting from the higher prices and decreased product offerings by the merging firms.
主题	Microeconomics ; Market Structure and Distribution ; Industrial Organization ; Market Structure and Firm Performance ; Antitrust ; Industry Studies
URL	https://www.nber.org/papers/w30146
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/587818
推荐引用方式 GB/T 7714	Ying Fan,Chenyu Yang. Estimating Discrete Games with Many Firms and Many Decisions: An Application to Merger and Product Variety. 2022.

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
w30146.pdf（656KB）	智库出版物		限制开放	CC BY-NC-SA	浏览