Multimarket Market Power Estimation: The Australian Retail Meat Sector
AbstractA new technique for estimating market power in several markets simultaneously is developed and applied to the Australian retail beef, lamb, and pork markets. The hypotheses that market power is zero and that market power is the same for each meat cannot be rejected. Nor is there evidence that market power increased over the period of analysis. Little bias is created by examining markets in isolation, rather than within a system, when markets are competative, but that bias can be large when market power exists in some markets in the system.
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Bibliographic InfoPaper provided by Australian Agricultural and Resource Economics Society in its series 1997 Conference (41st), January 22-24, 1997, Gold Coast, Australia with number 136227.
Date of creation: 1996
Date of revision:
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Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200
Phone: 0409 032 338
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Other versions of this item:
- Charles Hyde & Jeffrey Perloff, 1998. "Multimarket market power estimation: the Australian retail meat sector," Applied Economics, Taylor & Francis Journals, vol. 30(9), pages 1169-1176.
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