Measuring competition using the Profit Elasticity: American Sugar Industry, 1890-1914

Jan Boone () and Michiel Van Leuvensteijn
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Jan Boone: CPB Netherlands Bureau for Economic Policy Analysis

No 163, CPB Discussion Paper from CPB Netherlands Bureau for Economic Policy Analysis

Abstract: The Profit Elasticity (PE) is a new competition measure introduced in Boone (2008). So far, there was no direct proof that this measure can identify regimes of competition empirically. We focus on this issue using data of Genesove and Mullin (1998), in which different regimes of competition are identified. We derive a version of PE suitable for this data set. The new competition measure classifies the monopoly/cartel regime correctly as being less competitive than both the price-war regime and break-up of cartel regime.

JEL-codes: D43 L13 (search for similar items in EconPapers)
Date: 2010-12
New Economics Papers: this item is included in nep-his
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Citations: View citations in EconPapers (13)

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Related works:
Working Paper: Measuring competition using the Profit Elasticity: American Sugar Industry, 1890-1914 (2010)
Working Paper: Measuring Competition using the Profit Elasticity: American Sugar Industry, 1890-1914 (2010)
Working Paper: Measuring competition using the Profit Elasticity: American Suger Industry, 1890 - 1914 (2010)
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