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Measuring Market Power with Variables Other than Price

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Author Info
Lynn Hunnicutt
DeeVon Bailey
Michelle Crook
Abstract

Beef packing has become an extremely concentrated industry, yet studies have found that little, if any, market power exists. We propose and test alternative measures of behavior that may better describe how packers control purchases from feedlots, using confidential data collected by the USDA Grain Inspection, Packers and Stockyards Administration.

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File URL: ftp://repec.bus.usu.edu/RePEc/usu/pdf/ERI2002-08.pdf
File Format: application/pdf
File Function: First version, 2002
Download Restriction: no

Publisher Info
Paper provided by Utah State University, Department of Economics in its series Working Papers with number 2002-08.

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Length: 29 pages
Date of creation: May 2002
Date of revision:
Handle: RePEc:usu:wpaper:2002-08

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  1. John Crespi & Richard Sexton, 2005. "A Multinomial Logit Framework to Estimate Bid Shading in Procurement Auctions: Application to Cattle Sales in the Texas Panhandle," Review of Industrial Organization, Springer, vol. 27(3), pages 253-278, November. [Downloadable!] (restricted)
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