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121 empirical oligopoly lecture

121 empirical oligopoly lecture - Empirical Study of...

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Empirical Study of Oligopoly Economics 121 Fall 2007 Joseph Farrell
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The Question(s) What is it about an industry that is related to good performance? – Things we might use in policy, or – Just scientific investigation In particular, is it true that “concentration” and/or few firms correlate with poor performance?
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Measuring performance Total value or consumer value Price or quantity – Quality effects: want to count – Shifts of the demand curve: want to discount Level or change How can one compare anything across industries?
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