Market Power

Ivi Theodoulou

MPRA Paper from University Library of Munich, Germany

Abstract: This chapter begins with an overview of market power; its various sources, and how it can be measured. The potential economic and social consequences of market power are also taken into consideration. The chapter then provides a description of the theoretical models behind market power. A description of one of the early market power paradigms is provided. The Structure Conduct Performance paradigm (SCP). As one of the first such assessment paradigms, this model provides a theoretical overview of the theory some empirical findings from its application to banking, further developments of the model with regard to modifications based on feedback effects, as well as criticisms of the paradigm. The chapter then elucidates New Empirical Industrial Organisation or NEIO models, presents a comparison with SCP, and offers a critique of this paradigm.

Keywords: MARKET POWER; SCP (search for similar items in EconPapers)
JEL-codes: D42 D43 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/126359/1/MPRA_paper_126359.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:126359

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().