Oligopoly power and allocative efficiency in US food and tobacco industries

被引：17
|
作者：
Bhuyan, S
Lopez, RA
机构：
[1] Univ Connecticut, Dept Agr & Resource Econ, Storrs, CT 06269 USA
[2] Rutgers State Univ, New Brunswick, NJ 08903 USA
来源：
JOURNAL OF AGRICULTURAL ECONOMICS | 1998年 / 49卷 / 03期
关键词：
D O I：
10.1111/j.1477-9552.1998.tb01283.x
中图分类号：
F3 [农业经济];
学科分类号：
0202 ; 020205 ; 1203 ;
摘要：
This paper computed oligopoly-induced allocative efficiency losses in 38 US food and tobacco manufacturing industries using conduct, demand and cost parameters estimated with a New Empirical Industrial Orgazisation (NEIO) approach Allocative efficiency loss estimates in these industries amounted to $15.2 billion or over five per cent of sales for 1987. Statistical tests showed that these losses are generally higher than previous estimates, possibly due to the allowance of non-constant marginal costs and revised estimates of demand elasticities and conduct.
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页码：434 / 442
页数：9
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