Entry and empirical demand and supply analysis for competitive industries
type: Item
instance of: scholarly article
title: Entry and empirical demand and supply analysis for competitive industries
zbMATH Open document ID: 0583.90011
DOI: 10.1016/0304-4076(85)90151-4
author: William Veloce
author: Arnold Zellner
published in: Journal of Econometrics
publication date: 1985-01-01T00:00:00Z
review text: Since many theoretical and empirical models of competitive industries do not take appropriate account of entry, several deterministic demand, supply and entry (DSE) models are formulated and analyzed. The supply equation in these models is derived assuming profit maximization, identical production functions and competitive conditions for producers. Models are solved to yield equilibrium price, output, and number of producers and properties of solutions are analyzed. Annual data for the Canadian household furniture industry are employed to investigate and estimate various forms of supply and entry equations.
Mathematics Subject Classification ID: 91B60
Mathematics Subject Classification ID: 91B24
Mathematics Subject Classification ID: 62P20
Mathematics Subject Classification ID: 91B84
zbMATH DE Number: 3934716
zbMATH Keywords: competitive industries
zbMATH Keywords: entry
zbMATH Keywords: profit maximization
zbMATH Keywords: equilibrium price
zbMATH Keywords: number of producers
MaRDI profile type: Publication
full work available at URL: 0304-4076(85)90151-4
OpenAlex ID: W1993430616
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description: scientific article; zbMATH DE number 3934716