Inferring the strategy space from market outcomes

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dc.creatorMenezes, Flavio
dc.creatorQuiggin, John
dc.date2017-04-01T16:49:10Z
dc.date.accessioned2026-07-09T07:12:35Z
dc.descriptionIn this paper we show that, if demand varies stochastically, and firms compete after the realization of demand shocks, the strategy space may be inferred from market evidence. The key idea is that, in equilibrium, each firm acts as a monopolist, choosing the optimal price-quantity combination from a residual demand curve determined by a given observation of market demand and the (equilibrium) strategies of the other firms.
dc.identifierdoi:10.22004/ag.econ.151206
dc.identifierhttps://ageconsearch.umn.edu/record/151206/files/R13_1WP.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/151206
dc.identifier.urihttp://hdl.handle.net/123456789/585698
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/151206
dc.titleInferring the strategy space from market outcomes
dc.typeText

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