@article{Econometric:4254,
      recid = {4254},
      author = {Schaefer, Gordon},
      title = {The Canadian Newsprint Industry: Econometric Models of  Different Market Structures},
      publisher = {Bank of Canada},
      address = {1979},
      pages = {1 online resource (iii, 78 pages)},
      abstract = {The primary purpose of this report is to determine the  type of market structure that best describes the Canadian  newsprint industry. Accordingly, a set of models  corresponding to a perfectly-competitive, dominant-firm and  an "equal-partner cartel" industry structure are simulated.  The procedure involves the estimation of a set of equations  explaining various economic aspects of the industry.  Different subsets of the equations are then employed as  analogues for each market structure considered. These  subgroups of equations are evaluated and compared by  analyzing both intra- and extra-sample simulations.  Exchange rate and GNP shocks are then used to compare the  dynamics of some of the models. Unfortunately, the analysis  does not reveal a universally superior model. While the  competitive model seems to perform best over the estimation  period, its forecasts are inferior to those of some of the  imperfectly-competitive models. It would appear therefore,  that further refinements in the model and equation  specifications are required in order to resolve the market  structure issue.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/4254},
      doi = {https://doi.org/10.34989/tr-17},
}