Market Power and/or Efficiency: A Structural Approach

Market Power and/or Efficiency: A Structural Approach This article separates oligopoly-power and cost-efficiency effects ofchanges in industrial concentration and assesses their impact on output prices in 32 food-processing industries. Empirical results indicate that although concentration inducescost efficiency in one-third of the industries, oligopoly-power effects either dominate cost efficiencyor reinforce inefficiency, resulting in higher output prices in most industries. The articlealso provides fresh econometric estimates of oligopoly power and economies of size for the industriesin question. Review of Industrial Organization Springer Journals

Market Power and/or Efficiency: A Structural Approach

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Kluwer Academic Publishers
Copyright © 2002 by Kluwer Academic Publishers
Economics; Industrial Organization; Microeconomics
Publisher site
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  • Measuring Market Power and Cost-Efficiency Effects of Industrial Concentration
    Azzam, A. M.
  • Oligopoly Power in the Food and Tobacco Industries
    Bhuyan, S.; Lopez, R. A.

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