Estimating industry conduct using promotion data.
We estimate the evolution of competition in the ready‐to‐eat cereal industry. To separately identify detailed patterns of industry conduct from unobserved marginal cost shocks, we construct novel instruments that interact data on rival firms' promotions with measures of products' relative isolation...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 55; no. 4; pp. 658 - 684 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Dec2024
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |