Empirical Models of Industry Dynamics with Endogenous Market Structure
Annual Review of Economics, Forthcoming
Posted: 16 Oct 2020
There are 2 versions of this paper
Empirical Models of Industry Dynamics with Endogenous Market Structure
Annual Review of Economics, Vol. 13, pp. 309-334, 2021
Posted: 12 Aug 2021
Date Written: August 15, 2020
Abstract
This article reviews recent developments in the study of industry dynamics, with a special emphasis on the econometric endogeneity of market structure. Endogeneity of market structure follows from the presence of serially correlated unobservable shocks to the profitability of firms’ dynamic decisions, a feature common to many empirical settings. We particularly focus on extensions of standard two-step methods that leverage instrumental variables to address endogeneity, in both single-agent and oligopoly models.
Suggested Citation: Suggested Citation
Berry, Steven T. and Compiani, Giovanni, Empirical Models of Industry Dynamics with Endogenous Market Structure (August 15, 2020). Annual Review of Economics, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3681743 or http://dx.doi.org/10.2139/ssrn.3681743
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