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 Apr 2024 21:57 |
| URI: | http://eprints.lse.ac.uk/id/eprint/120588 |
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