NONSTRUCTURAL AND STATISTICAL NONPARAMETRIC MARKET POWER TESTS: AN EMPIRICAL INVESTIGATION

Corinna M. Noelke and Kellie Raper

No 21645, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: We use Monte Carlo experiments to assess the accuracy of two nonstructural and two statistical nonparametric market power tests. We implement these monopoly and monopsony market power tests using data from ten known market structures. The objective is to determine which test is most able to distinguish between market structures. The statistical nonparametric market power tests appear to be promising.

Keywords: Industrial Organization; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 14
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea99:21645

DOI: 10.22004/ag.econ.21645

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