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On large market asymptotics for spatial price competition models

Otsu, Taisuke and Sunada, Keita (2024) On large market asymptotics for spatial price competition models. Economics Letters, 234. ISSN 0165-1765

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Identification Number: 10.1016/j.econlet.2023.111468

Abstract

In spatial price competition models, demand factors have correlation with prices through the markup so that their identification power decreases as the number of product grows. Asymptotic results indicate lack of consistency of the estimator due to weak instruments.

Item Type: Article
Official URL: https://www.sciencedirect.com/journal/economics-le...
Additional Information: © 2023 The Author(s)
Divisions: Economics
Subjects: H Social Sciences > HB Economic Theory
Q Science > QA Mathematics
JEL classification: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods: General > C13 - Estimation
Date Deposited: 01 Nov 2023 10:24
Last Modified: 17 May 2024 03:00
URI: http://eprints.lse.ac.uk/id/eprint/120588

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