Multiproduct Firms and Market Structure Export

@article{shaked-sutton-90, abstract = {Models of (horizontal) product differentiation generally admit many equilibria. These include concentrated equilibria, in which few firms each offer many products, and fragmented equilibria, in which many firms each offer one product. Since these outcomes depend in a delicate way on features of the models that are hard to identify or proxy empirically, these models may seem empirically empty in regard to predictions about industrial structure. This article proposes a simple and natural reparameterization of such models in terms of empirically observable market characteristics, thereby generating testable predictions about the relationship between market size and market structure (concentration).}, author = {Shaked, Avner and Sutton, John}, citeulike-article-id = {206118}, citeulike-linkout-0 = {http://www.jstor.org/stable/2555492}, journal = {The RAND Journal of Economics}, keywords = {450-1, empirical\_io, entry}, number = {1}, pages = {45--62}, posted-at = {2005-05-20 20:00:57}, priority = {2}, title = {Multiproduct Firms and Market Structure}, url = {http://www.jstor.org/stable/2555492}, volume = {21}, year = {1990} }

TY - JOUR ID - shaked-sutton-90 L3 - citeulike-article-id:206118 N2 - Models of (horizontal) product differentiation generally admit many equilibria. These include concentrated equilibria, in which few firms each offer many products, and fragmented equilibria, in which many firms each offer one product. Since these outcomes depend in a delicate way on features of the models that are hard to identify or proxy empirically, these models may seem empirically empty in regard to predictions about industrial structure. This article proposes a simple and natural reparameterization of such models in terms of empirically observable market characteristics, thereby generating testable predictions about the relationship between market size and market structure (concentration). IS - 1 JF - The RAND Journal of Economics EP - 62 TI - Multiproduct Firms and Market Structure VL - 21 SP - 45 KW - 450-1 KW - empirical_io KW - entry AU - Shaked, Avner AU - Sutton, John PY - 1990/// UR - http://www.jstor.org/stable/2555492 ER -