Theory and empirical work on imperfectly competitive markets
By: Ariel Pakes.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- working paper 14117; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 14117.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "This paper reviews recent methodological developments in the empirical analysis of imperfectly competitive markets highlighting outstanding problems.  Some of these problems are econometric; e.g.  the need for a deeper understanding of the small sample properties of our estimators.  Most of the other problems relate to issues which have been a central part of ongoing research programs in economic theory for some time.  We consider ways in which applied work can cope with these problems and, in so doing, also inform theory.  The use of estimators based on moment inequalities opens up several possibilities in this regard and a detailed discussion of the assumptions used to rationalize these estimators is provided.  An example, the analysis of contracts in buyer-seller networks, is used to highlight these points"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 7/18/2008.

Includes bibliographical references.

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Mode of access: World Wide Web.