ajaz_eco_204_2012_2013_chapter_16_Market_Power

Ajaz_eco_204_2012_2013_chapter_16_Market_Power

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Unformatted text preview: ̅̅̅ ( ̅ ) ⏟ (,) () [ [ { [ ]} __________________________________________________________________________________________________ In ECO 204, we estimate , by using running a simple regression in Excel of worry if you don’t understand everything below): Multiple Summary R Adjusted Estimate 5564.255579 Unexplained 0.7190 0.7182 Degrees of Explained Sum of Mean of Freedom Squares Squares 1 362 Coefficient Regression Table Constant Price_X yields (don’t StErr of R-Square R-Square 0.8479 ANOVA Table on a constant and 28673921690 28673921690 11207860333 30960940.15 Standard t-Value F-Ratio p-Value 926.1321 < 0.0001 p-Value Error 74316.19921 -2360133.024 2188.281245 77553.25032 Confidence Interval 95% Lower 33.9610 -30.4324 < 0.0001 < 0.0001 Upper 70012.85921 78619.53921 -2512644.5 -2207621.547 11 ECO 204 Chapter 16: Analysis of Firms with Market Power (this version 2012-2013) University of Toronto, Department of Economics (STG). ECO 204, S. Ajaz Hussain. Do not distribute. The...
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This document was uploaded on 01/19/2014.

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