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NONSTRUCTURAL AND STATISTICAL NONPARAMETRIC MARKET POWER TESTS: AN EMPIRICAL INVESTIGATION AgEcon
Noelke, Corinna M.; Raper, Kellie Curry.
We use Monte Carlo experiments to assess the accuracy of two nonstructural and two statistical nonparametric market power tests. We implement these monopoly and monopsony market power tests using data from ten known market structures. The objective is to determine which test is most able to distinguish between market structures. The statistical nonparametric market power tests appear to be promising.
Tipo: Conference Paper or Presentation Palavras-chave: Market power; Monte Carlo; Nonparametric; Nonstructural; Industrial Organization; Research Methods/ Statistical Methods.
Ano: 1999 URL: http://purl.umn.edu/21645
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DETERMINISTIC NONPARAMETRIC MARKET POWER TESTS: AN EMPIRICAL INVESTIGATION AgEcon
Raper, Kellie Curry; Noelke, Corinna M..
A review of recent literature reflects the development of several deterministic nonparametric market power tests. We use Monte Carlo experiments to evaluate the veracity of four monopolistic and four monopsonistic market power tests that use the deterministic nonparametric approach. The experiments are implemented using data from ten known market structures. When results are compared to Raper, Love, and Shumway's (1999) findings concerning parametric market power tests in the Bresnahan-Lau tradition, we find that the parametric tests perform well while only two of the nonparametric tests appear able to identify market power.
Tipo: Working or Discussion Paper Palavras-chave: Marketing.
Ano: 2001 URL: http://purl.umn.edu/11757
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A MODEL OF THE IMPLEMENTATION OF QUALITY MANAGEMENT SYSTEMS FOR CREDENCE ATTRIBUTES AgEcon
Noelke, Corinna M.; Caswell, Julie A..
We develop a model of the impact of food quality management systems (QMS) on competitiveness and markets. QMS seek to control the quality of a product as determined by the array of individual attributes it possesses. To date only a few studies have attempted to better understand the effect of the introduction of quality management systems. No model has been introduced which captures the interactions within the supply chain and at the interface with consumers when these systems are introduced. Keywords: Product Quality, Quality Assurance, Supply Chain
Tipo: Conference Paper or Presentation Palavras-chave: Product Quality; Quality Assurance; Supply Chain; Marketing.
Ano: 2000 URL: http://purl.umn.edu/21874
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PARAMETRIC AND NONPARAMETRIC MARKET POWER TESTS: AN EMPIRICAL INVESTIGATION AgEcon
Noelke, Corinna M.; Raper, Kellie Curry.
Parametric and nonparametric market power tests most commonly used to assess imperfectly competitive behavior are identified. Monte Carlo experiments are used to assess the accuracy of eight nonparametric tests. The results are compared to Raper, Love, and Shumway's (1997) findings concerning three parametric market power tests in the Bresnahan-Lau tradition. Both monopolistic and monopsonistic market power tests are implemented using data from 10 known market structures. Only two of the nonparametric market power tests distinguish between market structures adequately. The parametric tests perform well, although functional form bias is not investigated in this study.
Tipo: Conference Paper or Presentation Palavras-chave: Industrial Organization; Marketing.
Ano: 1998 URL: http://purl.umn.edu/20875
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