Extending Entry Models with Applications to Mergers, Bailouts, Entry Deterrence and Procurement

将进入模型扩展到合并、救助、进入威慑和采购

• 批准号: 1260876
• 负责人: James Roberts
• 金额: $ 41.51万
• 依托单位: Duke University
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2013
• 资助国家: 美国
• 起止时间: 2013-09-01 至 2018-08-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=1260876&HistoricalAwards=false
• 关键词: Extending; Entry; Models; Applications; Mergers

Government policies often directly impact firms' incentives to sell products or services in a particular market. These same incentives may also affect how well policies achieve their goals. Existing economic models of entry take into account the effect of entry on the number and size of firms in a market. However, some important questions about the effects of government policies on entry cannot be answered using existing models, and these models also impose sometimes unrealistic assumptions that directly affect the conclusions that can be drawn.The research team builds new mathematical models of entry that are more realistic in key dimensions. They will use these models to examine (i) merger policy in the airline industry; (ii) the effectiveness of a corporate bailout scheme aimed at preserving competition in timber auctions conducted by the US government; (iii) whether firms can deter entry by keeping prices low in advance of possible entry; and (iv) the possible value of using two-stage indicative bidding schemes in government procurement auctions. The research draws upon recent advances in economic theory and econometrics to build these models. The project focuses on the development of methodological innovations to address important policy questions about the nature and effects of firm competition. The results will be useful for competition policy and government procurement. Graduate students will learn state-of-the art empirical methods and the computer code and data will be widely available.

政府政策往往直接影响公司在特定市场销售产品或服务的积极性。 这些激励措施也可能影响政策实现目标的效果。 现有的进入经济模型考虑了进入对市场中公司数量和规模的影响。 然而，关于政府政策对进入的影响的一些重要问题无法用现有的模型来回答，而且这些模型有时也会强加不切实际的假设，直接影响可以得出的结论。研究小组构建了新的数学模型，在关键维度上更加现实。 他们将使用这些模型来研究（一）航空业的合并政策;（二）旨在保持美国政府进行的木材拍卖中的竞争的企业救助计划的有效性;（三）企业是否可以通过在可能进入之前保持低价来阻止进入;以及（四）在政府采购拍卖中使用两阶段指示性投标计划的可能价值。 研究借鉴了经济理论和计量经济学的最新进展来建立这些模型。 该项目的重点是发展方法创新，以解决有关公司竞争的性质和影响的重要政策问题。 研究结果将对竞争政策和政府采购有所帮助。 研究生将学习最先进的经验方法，计算机代码和数据将被广泛使用。