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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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DISTINGUISHING THE SOURCE OF MARKET POWER: AN APPLICATION TO CIGARETTE MANUFACTURING AgEcon
Raper, Kellie Curry; Love, H. Alan; Shumway, C. Richard.
We compare nonparametric and nonstructural market power tests using data from the cigarette manufacturing industry. Tests are implemented to examine both monopoly and monopsony power exertion by cigarette manufacturers. Results indicate that market power in the tobacco industry, previously attributed to monopoly power exertion, should at least in part be attributed to monopsony market power in the upstream tobacco market.
Tipo: Working or Discussion Paper Palavras-chave: Market power; Nonparametric; Nonstructural; Monopsony; Monopoly; Cigarette manufacturing; Agribusiness.
Ano: 1998 URL: http://purl.umn.edu/24021
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