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A Dynamic Simultaneous Model Of Market Structure And Performance In Food Industries

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  • Pagoulatos, Emilio
  • Schkwiler, J. Scott

Abstract

This paper investigates the simultaneous and dynamic nature of the relationship between structure, conduct, and performance (S-C-P) with particular reference to the U.S. food and tobacco processing sector. The empirical results confirm the essentially simultaneous nature of the S-C-P system. Profit margins and advertising intensity interact within a simultaneous framework while concentration evolves slowly over time without responding much to the current economic environment.

Suggested Citation

  • Pagoulatos, Emilio & Schkwiler, J. Scott, 1982. "A Dynamic Simultaneous Model Of Market Structure And Performance In Food Industries," 1982 Annual Meeting, August 1-4, Logan, Utah 279163, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea82:279163
    DOI: 10.22004/ag.econ.279163
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    References listed on IDEAS

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    1. White, Halbert, 1982. "Instrumental Variables Regression with Independent Observations," Econometrica, Econometric Society, vol. 50(2), pages 483-499, March.
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