Modern Concepts for Pricing Analysis in Imperfect Competition Production Factor Market

Oleksandr Perekhozhuk

Oblik i finansi, 2013, issue 4, 99-106

Abstract: Since the beginning of 80s for making pricing analysis in the markets with imperfect competition a lot of econometric approaches have been developed that clearly indicate the presence of market power. These approaches have been developed with the New Empirical Industrial Organization (NEIO) theory and applied in numerous studies on the market structure of and pricing in agricultural and food markets with imperfect competition. However, these econometric approaches application is mainly spread in developed countries such as the U.S., Canada and others. Taking into account the transition from a planned to a market economy, we may expect that in countries with transition economies such as Ukraine, the agricultural and food market pricing meet the requirements of perfect competition. The article provides current concepts for the market pricing analysis in the market of production factors in conditions of imperfect competition, their advantages and disadvantages have been highlighted.

Keywords: production factor markets; market power; monopsony; new empirical industrial markets theory; pricing (search for similar items in EconPapers)
JEL-codes: E30 L10 L13 (search for similar items in EconPapers)
Date: 2013
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