ajaz_eco_204_2012_2013_chapter_16_Market_Power

# Eco 204 s ajaz hussain do not distribute then

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Unformatted text preview: nt regression models. 12 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. ( ) ( )( ( ) ) More succinctly: [ Let’s estimate , , , by minimizing: (∑ [ ( ) )( [ [[ [ ) ][ ( [ [ ( )( ( [ )] ( ) ( ) ( ( ̂ ( ) ) ) ( ) ) ( ( ’ [ ) ) ) ( ) For the matrix differentiation we used these rules – suppose that: () 13 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. ( ) ( ) Then: _________________________________________________________________________________________________ In ECO 204, we estimate the parameters by using Excel to do a multiple regression of worry if you don’t understand everything): Multiple Summary R Adjusted 5566.41177 Unexplained 0.7195 0.7180 Degrees of Explained Sum of Mean of Freedom Squares Squares 2 361 Coefficient Regression Table Constant Price_X Price_Y (don’t Estimate 0.8483 ANOVA Table and StErr of R-Square R-Sq...
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