DISTINGUISHING THE SOURCE OF MARKET POWER: AN APPLICATION TO CIGARETTE MANUFACTURING

We compare nonparametric and nonstructural market power tests using data from the cigarette manufacturing industry. Tests are implemented to examine both monopoly and monopsony power exertion by cigarette manufacturers. Results indicate that market power in the tobacco industry, previously attributed to monopoly power exertion, should at least in part be attributed to monopsony market power in the upstream tobacco market.

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Year of publication:	1998
Authors:	Raper, Kellie Curry ; Love, H. Alan ; Shumway, C. Richard
Institutions:	Department of Agricultural Economics, Texas A&M University
Subject:	market power \| nonparametric \| nonstructural \| monopsony \| monopoly \| cigarette manufacturing \| Agribusiness

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Extent:	application/pdf
Series:	Faculty Paper Series.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Department of Agricultural Economics>Faculty Paper Series Number 24021
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005468625