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Market Structure Conduct Performance Hypothesis Revisited Using Stochastic Frontier Efficiency Analysis

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  • Shaik, Saleem
  • Allen, Albert J.
  • Edwards, Seanicaa
  • Harris, James

Abstract

Stochastic frontier analysis, which is used to estimate the technical efficiency, is extended to examine the market structure, conduct and performance hypothesis for the U.S. trucking industry. The technical efficiency measure takes into account not only the relationship between inputs used in the production of output but also simultaneously examine the importance of market structure conduct factors on the performance of the firm. An empirical application to U.S. trucking carriers over the period 1994-2003 is examined. Results reveal that the variables average haul, average load, debt-to-equity and market concentration significantly affected technical efficiency. Capital, fixed and variable input variables were significant in the production function equation.

Suggested Citation

  • Shaik, Saleem & Allen, Albert J. & Edwards, Seanicaa & Harris, James, 2009. "Market Structure Conduct Performance Hypothesis Revisited Using Stochastic Frontier Efficiency Analysis," Agribusiness & Applied Economics Report 55121, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:55121
    DOI: 10.22004/ag.econ.55121
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    Cited by:

    1. Amos Gitau Njuguna, 2014. "Competition in the Financial Services Sector: A Case of Kenyan Annuities Market," International Journal of Business and Social Research, LAR Center Press, vol. 4(10), pages 75-91, October.
    2. Chong, Hooi Ying & Chan, Tze-Haw, 2014. "Market Structure and Competition: Assessment of Malaysian Pharmaceutical Industry based on the Modified Structure-Conduct-Performance Paradigm," MPRA Paper 59537, University Library of Munich, Germany, revised 15 Sep 2014.
    3. Amos Gitau Njuguna, 2014. "Competition in the Financial Services Sector: A Case of Kenyan Annuities Market," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(10), pages 75-91, October.
    4. Serkan Dilek & Hayrettin Kesgingoz, 2016. "SWOT Analysis of Safranbolu City in Terms of Tourism," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 5(1), pages 54-64, January.

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