| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5078057 | International Journal of Industrial Organization | 2013 | 17 Pages |
Abstract
⺠The misspecification of competition leads to bias in the estimate of menu costs. ⺠Assuming monopolistic-competition model causes the bias in the duopoly market. ⺠Taking into account dynamic strategic interactions corrects for the bias. ⺠Dynamic strategic interactions help explain the observed degree of price rigidity.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Kazuko Kano,