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Full-Text Articles in Economics
Measuring Market Power And Cost-Efficiency Effects Of Industrial Concentration, Azzeddine Azzam
Measuring Market Power And Cost-Efficiency Effects Of Industrial Concentration, Azzeddine Azzam
Azzeddine Azzam
In this paper, the author shows how E. Appelbaum's framework for testing price-taking behavior in a single industry can be formally extended to consider concentration explicitly. In so doing, he separates the market power effect of concentration from its cost-efficiency effect. Data from the U.S. 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.
Coursebook For Economics, A. Studenmund
The Impact Of Welfare Reform On The Afdc Caseload, Diane Schanzenbach, Phillip Levine
The Impact Of Welfare Reform On The Afdc Caseload, Diane Schanzenbach, Phillip Levine
Diane Whitmore Schanzenbach
No abstract provided.
Economics: Private And Public Choice, A. Studenmund, James Gwartney, Richard Stroup
Economics: Private And Public Choice, A. Studenmund, James Gwartney, Richard Stroup
A. H. Studenmund
No abstract provided.