Nonstructural And Statistical Nonparametric Market Power Tests: An Empirical Investigation
AbstractWe 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.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1999 Annual meeting, August 8-11, Nashville, TN with number 21645.
Date of creation: 1999
Date of revision:
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market power; Monte Carlo; nonparametric; nonstructural; Industrial Organization; Research Methods/ Statistical Methods;
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- repec:cdl:agrebk:677104 is not listed on IDEAS
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