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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 8159.
Date of creation: Dec 2010
Date of revision:
Contact details of provider:
Postal: Centre for Economic Policy Research, 77 Bastwick Street, London EC1V 3PZ
Phone: 44 - 20 - 7183 8801
Fax: 44 - 20 - 7183 8820
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.
- 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.
- Jan Boone & Michiel van Leuvensteijn, 2010. "Measuring competition using the Profit Elasticity: American Sugar Industry, 1890 - 1914," Working Papers 10-20, Utrecht School of Economics.
- 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
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- 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, 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.