Very simple Markov-perfect industry dynamics: theory

DOI10.3982/ECTA14060MaRDI QIDQ4628447zbMATH OpenFDO

Authors Jaap H. Abbring, Jeffrey R. Campbell, Jan Tilly, Nan Yang

Publication date 13 March 2019

Published in Econometrica (Search for Journal in Brave)

zbMATH Keywords

demand uncertaintysunk costsdynamic oligopolyfirm entry and exittoughness of competition

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54)

Recommendations

• Markov-Perfect Industry Dynamics: A Framework for Empirical Work
• Markov Perfect Industry Dynamics With Many Firms
• A Theory of Dynamic Oligopoly, I: Overview and Quantity Competition with Large Fixed Costs
• Estimating Dynamic Models of Imperfect Competition
• Markov perfect equilibria in industries with complementarities

Cited in

(12)

• Markov Perfect Industry Dynamics With Many Firms
• Industry dynamics: foundations for models with an infinite number of firms
• A framework for dynamic oligopoly in concentrated industries
• Estimating Dynamic Models of Imperfect Competition
• Unbounded dynamic programming via the Q-transform
• Markov-Perfect Industry Dynamics: A Framework for Empirical Work
• Computing perfect stationary equilibria in stochastic games
• A non-parametric test of a first-order Markov process for regimes in a non-cooperatively collusive industry
• Computational methods for oblivious equilibrium
• Entry, exit, and imperfect competition in the long run.
• A Theory of Dynamic Oligopoly, I: Overview and Quantity Competition with Large Fixed Costs
• Markov perfect equilibria in industries with complementarities

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