|
|
|
|
|
| Lopez, Rigoberto A.; Liron-Espana, Carmen. |
| This study estimates the elasticities of wholesale food prices, cost efficiency, and market power with respect to industrial concentration in 35 food processing industries, modifying the model of Lopez, Azzam, and Lirón-España (2002). In contrast to the results of their earlier analysis, findings of this study indicate that further increases in concentration would result in significant processing cost savings (and Lerner index increases) in nearly all industries and that output prices would decline in nearly 50% of the industries, although significantly so in only 20% of them. As industrial concentration rises, price declines occur in industries with low levels of concentration while price increases occur in highly concentrated industries. |
| Tipo: Journal Article |
Palavras-chave: Cost efficiency; Food prices; Food processing; Industrial concentration; Market power; Marketing; Production Economics; Productivity Analysis. |
| Ano: 2005 |
URL: http://purl.umn.edu/59610 |
| |
|
| |
|
|
| Liron-Espana, Carmen; Lopez, Rigoberto A.. |
| This paper separates market power and efficiency effects of concentration in a sample of 255 U.S. manufacturing industries and computes welfare changes from rises in concentration. The empirical findings reveal that in nearly two-third of the cases, consumers lose as efficiency gains are generally pocketed by the industries. From an aggregate welfare standpoint, concentration is found to be beneficial in nearly 70% of the cases, mostly for low and moderate levels of concentration being particularly against the public interest in highly concentrated markets. Overall, the results support the existing U.S. Federal Trade Commission guidelines for approval of mergers. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Concentration; Marked power; Efficiency; Manufacturing; Industrial Organization. |
| Ano: 2001 |
URL: http://purl.umn.edu/25201 |
| |
|
|
|
