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Working paper 580

Victor Aguirregabiria and Margaret Slade, "Empirical Models of Firms and Industries", 2017-04-25
Main Text (application/pdf) (321,876 bytes)

Abstract: We review important developments in Empirical Industrial Organization (IO) over the last three decades. The paper is organized around six topics: collusion, demand, productivity, industry dynamics, interfirm contracts, and auctions. We present models that are workhorses in empirical IO, and describe applications. For each topic, we discuss at least one empirical application using Canadian data.

Keywords: Empirical Industrial Organization; Collusion; Demand for differentiated products; Production functions; Dynamic structural models; Interfirm contracts; Empirical auction models

JEL Classification: C57; L10; L20; L30; L40; L50