Market power in California's water market
نویسندگان
چکیده
We estimate market power in California's thin water market. Market frictions may distort the potential welfare gains from marketing. use a Nash-Cournot model and derive closed-form solution for extent of typical setting. then this to newly assembled dataset on economy. show that, under assumptions Cournot model, is limited.
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3772167