Testing for Imperfect Competition at the Fulton Fish Market
AbstractIn this article, I report the results of a study of the prices paid by individual buyers at the Fulton fish market in New York City. In principle, this is a highly competitive market in which there should be no predictable price differences across customers who are equally costly to service. The results indicate that different buyers pay different prices for fish of identical quality. For example, Asian buyers pay 7% less for whiting than do white buyers, a result which is inconsistent with the model of perfect competition.
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Bibliographic InfoPaper provided by Princeton, Department of Economics - Financial Research Center in its series Papers with number 137.
Length: 34 pages
Date of creation: 1993
Date of revision:
market ; competition ; discrimination;
Other versions of this item:
- Kathryn Graddy, 1995. "Testing for Imperfect Competition at the Fulton Fish Market," RAND Journal of Economics, The RAND Corporation, vol. 26(1), pages 75-92, Spring.
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