Multimarket market power estimation: the Australian retail meat sector
Authors: Hyde, Charles E.; Perloff, Jeffrey M.
Source: Applied Economics, Volume 30, Number 9, 1 September 1998 , pp. 1169-1176(8)
Abstract:A new technique for estimating market power in several markets simultaneously is developed and applied to the Australian retail beef, lamb, and pork markets. The hypotheses that market power is zero and that market power is the same for each meat cannot be rejected. Nor is there evidence that market power increased over the period of analysis. Little bias is created by examining markets is isolation, rather than within a system, when markets are competitive, but that bias can be large when market power exists in some markets in the system.
Document Type: Research Article
Publication date: September 1, 1998