Measuring competition using the Profit Elasticity: American Sugar Industry, 1890-1914
AbstractThe Profit Elasticity (PE) is a new competition measure introduced in Boone (2008). So far, there was no direct proof that this measure can identify regimes of competition empirically. This paper focuses on this issue using data of Genesove and Mullin (1998) in which different regimes of competition are identified. We derive a version of PE suitable for this data set. This competition measure correctly classifies the monopoly/cartel regime as being less competitive than both the price war regime and break-up of cartel regime.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 8159.
Date of creation: Dec 2010
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Other versions of this item:
- Boone, J. & Leuvensteijn, M. van, 2010. "Measuring Competition using the Profit Elasticity: American Sugar Industry, 1890-1914," Discussion Paper 2010-124, Tilburg University, Center for Economic Research.
- J. Boone & M. van Leuvensteijn, 2010. "Measuring competition using the Profit Elasticity: American Suger Industry, 1890 - 1914," Working Papers 10-20, Utrecht School of Economics.
- Jan Boone & Michiel van Leuvensteijn, 2010. "Measuring competition using the Profit Elasticity: American Sugar Industry, 1890-1914," CPB Discussion Paper 163, CPB Netherlands Bureau for Economic Policy Analysis.
- Boone, J. & Leuvensteijn, M. van, 2010. "Measuring Competition using the Profit Elasticity: American Sugar Industry, 1890-1914," Discussion Paper 2010-043, Tilburg University, Tilburg Law and Economic Center.
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
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- Claire Giordano & Ferdinando Giugliano, 2012. "A Tale of Two Fascisms: Labour Productivity Growth and Competition Policy in Italy, 1911-1951," Quaderni di storia economica (Economic History Working Papers) 28, Bank of Italy, Economic Research and International Relations Area.
- Chiara Peroni & Ivete Ferreira, 2012. "Competition and Innovation in Luxembourg," Journal of Industry, Competition and Trade, Springer, vol. 12(1), pages 93-117, March.
- Bing Xu & Adrian van Rixtel & Michiel van Leuvensteijn, 2014.
"Measuring bank competition in China: A comparison of new versus conventional approaches applied to loan markets,"
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1404, Banco de Espa�a.
- Bing Xu & Adrian Van Rixtel & Michiel Van Leuvensteijn, 2013. "Measuring bank competition in China: a comparison of new versus conventional approaches applied to loan markets," BIS Working Papers 422, Bank for International Settlements.
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