Testing Market Power with Profit Functions: a Dual Approach with Normalized Quadratic

The dual relationship between parameters of normalized quadratic cost and profit functions is determined when firms can implement market power on the output market. An approach is developed to test the market power by comparing the profits of a firm with and without market power. Simulations demonstrate the efficiency of this approach.

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Year of publication:	2013-02-02
Authors:	Gao, Zhifeng ; Moss, Charles B.
Institutions:	Southern Agricultural Economics Association - SAEA
Subject:	Normalized quadratic cost function \| Normalized quadratic profit functions \| Duality \| Market power \| Production Economics

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Extent:	application/pdf
Series:	2013 Annual Meeting, February 2-5, 2013, Orlando, Florida.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida Number 143105
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010914968