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- Love, H. Alan, et al. Show all 3 Authors
- American journal of agricultural economics 2007 v.89 no.1 pp. 78-90
- market power; econometric models; monopoly; imperfect competition; mathematical models; cigarettes; tobacco industry; commodity exchange
- ... Structural models used to measure market power, though widely employed, continue to be criticized. We compare alternative market power tests, including nonparametric and Solow residual-based (SRB) tests. We develop SRB methods that permit nested testing for both monopolistic and monopsonistic market power by the same firm. These tests and a set of nonparametric tests are implemented to examine mar ...