AUTOMOBILE PRICES IN MARKET EQUILIBRIUM
AUTOMOBILE PRICES IN MARKET EQUILIBRIUM
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DOI：
10.2307/2171802
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发表时间：
1995-07-01
期刊：
影响因子：
6.1
通讯作者：
PAKES, A
中科院分区：
文献类型：
--
作者：
BERRY, S;LEVINSOHN, J;PAKES, A
本文开发了用于对差异化产品市场中的需求和供给进行实证分析的技术，然后应用这些技术来分析美国汽车行业的均衡。我们的主要目标是提出一个框架，使人们能够获得一类寡头垄断的差异化产品市场的需求和成本参数的估计值。这些估计值仅使用广泛可得的产品层面和总体消费者层面的数据就可获得，并且它们与寡头垄断行业的均衡结构模型相一致。当我们将在此开发的技术应用于美国汽车市场时，我们获得了（基本上）二十年间所有销售车型的成本和需求参数。
This paper develops techniques for empirically analyzing demand and supply in differentiated products markets and then applies these techniques to analyze equilibrium in the U.S. automobile industry. Our primary goal is to present a framework which enables one to obtain estimates of demand and cost parameters for a class of oligopolistic differentiated products markets. These estimates can be obtained using only widely available product-level and aggregate consumer-level data, and they are consistent with a structural model of equilibrium in an oligopolistic industry. When we apply the techniques developed here to the U.S. automobile market, we obtain cost and demand parameters for (essentially) all models marketed over a twenty year period.