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This paper warns against the use of Marshallian welfare loss in applied analysis of market power. We show how to compute the Hicksian deadweight loss from an ordinary demand. Then, from an experiment using real data on twenty-one sectors of the French food industry, we find that the Marshallian...
Persistent link: https://www.econbiz.de/10009397469
[eng] Losses of Welfare and Market Power in the French Food Industry by Pascal Lavergne, Vincent Réquillart and Michel Simioni . We study the practical problems of estimating losses of welfare resulting from market power. Particular attention is paid to the specification of demand functions,...
Persistent link: https://www.econbiz.de/10010977992
This paper warns against the use of Marshallian welfare loss in applied analysis of market power. We show how to compute the Hicksian deadweight loss from an ordinary demand. Then, from an experiment using real data on twenty-one sectors of the French food industry, we find that the Marshallian...
Persistent link: https://www.econbiz.de/10005291115
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The purpose of this article is to assess whether food safety regulations imposed by the European Union in the 2000s may have induced a slow-down in the productivity of firms in the food processing sector. The impact of regulations on costs and productivity has seldom been studied. This article...
Persistent link: https://www.econbiz.de/10009651201
The purpose of this article is to assess whether food safety regulations imposed by the European Union in the 2000s may have induced a slow-down in the productivity of firms in the food processing sector. The impact of regulations on costs and productivity has seldom been studied. This article...
Persistent link: https://www.econbiz.de/10009651490