报告题目:Very Simple Markov-Perfect Industry Dynamics: Empirics
主讲人:杨楠 新加坡国立大学(Nan Yang, National University of Singapore)
时间:11月2日下午4:00-5:30
地点:理科大楼A302(中北校区)
主持人:周晓岚
论文摘要:This paper develops an econometric model offirm entry, competition, and exit in oligopolistic markets. The model has an essentially unique symmetric Markov-perfect equilibrium, which can be computed very quickly. We show that its primitives are identified from market-level data on the number of activefirms and demand shifters, and we implement a nestedfixed point procedure for its estimation. Estimates from County Business Patterns data on U.S. local cinema markets point to tough local competition. Sunk costs make the industry’s transition following a permanent demand shock last 10 to 15 years.
报告人简介:
杨楠,2005年获得北京大学的经济学和数学的双学士学位、2012年获得Tilburg University的经济学博士学位,现为新加坡国立大学商学院助理教授。研究领域为实证产业组织、管理、市场营销、实验经济学、城市经济学等。曾在经济学国际顶级期刊《Econometrica》、管理学国际顶级期刊《Management Science》、市场营销国际顶级期刊《Marketing Science》等发表高水平论文。另外,他还有论文在《Management Science》、城市经济学国际顶级期刊《Journal of Urban Economics》获得再次审稿机会。