Raper, Kellie Curry; Love, H. Alan; Shumway, C. Richard - In: American Journal of Agricultural Economics 89 (2007) 1, pp. 78-90
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...
