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- W2080859986 abstract "In this paper I show how Appelbaum's framework for testing price-taking behavior in a single industry can be formally extended to consider concentration explicitly. In so doing, I separate the market power effect of concentration from its cost-efficiency effect. Data from the US beef-packing industry are used to illustrate an empirical application of the model. The findings support oligopsonistic market power and slaughter-cost efficiency in the industry. However, the cost-efficiency effect outweighs the market-power effect." @default.
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- W2080859986 date "1997-12-01" @default.
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- W2080859986 title "Measuring Market Power and Cost-efficiency Effects of Industrial Concentration" @default.
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- W2080859986 doi "https://doi.org/10.1111/1467-6451.00054" @default.
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