TESTING OLIGOPOLISTIC AND OLIGOPSONISTIC BEHAVIOR - AN APPLICATION TO THE UNITED-STATES MEAT-PACKING INDUSTRY

被引：98

作者：

AZZAM, AM ^{[1
]}

PAGOULATOS, E ^{[1
]}

机构：

[1] UNIV CONNECTICUT,DEPT AGR ECON & RURAL SOCIOL,STORRS,CT 06268

来源：

JOURNAL OF AGRICULTURAL ECONOMICS | 1990年 / 41卷 / 03期

关键词：

D O I：

10.1111/j.1477-9552.1990.tb00652.x

中图分类号：

F3 [农业经济];

学科分类号：

0202 ; 020205 ; 1203 ;

摘要：

This paper extends the conjectural approach in industrial organisation to the analysis of imperfections in output and factor markets. Starting from the specification of a production function, the econometric analysis is based on the formulation and estimation of a simultaneous‐equation model consisting of a production function, first‐order conditions associated with factor employment, and two conjectural elasticities to parameterise the industry's oligopoly and oligopsony equilibria. As an example, we provide an application to the US meat‐packing industry. Our results suggest that the industry exercises market power in both the output (meat) market and the factor (live animal) market. Copyright © 1990, Wiley Blackwell. All rights reserved

引用

页码：362 / 370

页数：9

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