Abstract
The purpose of this paper is to build a simple model of the demand for domestically produced and imported commodities and their prices in an industry with imperfect competition, symmetric firms and differentiated domestic and foreign products. The model should also be such that it could be parameterized and estimated. No preassumptions are made regarding the mode of competition, and the conjectural variations elasticity is allowed to vary over time. This paper relies mostly on Venables (1985) and Ilmakunnas (1985).
Published previously as ETLA Discussion Paper No. 410 (1992).
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References
Appelbaum, E. (1982): The Estimation of the Degree of Oligopoly Power, Journal of Econometrics, vol. 19, no. 2/3, August.
Ilmakunnas, P. (1985): Identification and Estimation of the Degree of Oligopoly Power in Industries facing Domestic and Import Competition, in Schwalbach (ed.): Industry Structure and Performance, Sigma, Berlin.
Venables, A. (1985): Trade and Trade Policy with Imperfect Competition: the Case of Identical Products and Free Entry, Journal of International Economics 19.
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© 1996 Kluwer Academic Publishers
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Lammi, M. (1996). An Imperpect Competition Model in an Industry with Differentiated Domestic and Foreign Products. In: Alho, K., Erkkilä, M., Kotilainen, M. (eds) The Economics and Policies of Integration — a Finnish Perspective. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-0347-0_5
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DOI: https://doi.org/10.1007/978-94-009-0347-0_5
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-6642-6
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