Driscoll, Paul J.; Kambhampaty, S. Murthy; Purcell, Wayne D. - In: American Journal of Agricultural Economics 79 (1997) 3, pp. 872-879
In this paper, we develop new, nonparametric methods of testing for static profit maximization given noncompetitive behavior. Repeated application of the test yields “maximum likelihood” estimates of the degree of noncompetitive behavior. Using plant-level data, these newly developed...