EN
Functional Forms and Oligopolistic Models: An Empirical Analysis
Abstract
This paper attempts to empirically test the sensitivity of the New Empirical Industrial Organization (NEIO) approach to the assumed demand and cost functional forms. Such an approach relies upon oligopolistic models to infer the degree of competition in a market. Unlike prior studies (Genesove and Mullin, 1998; Clay and Troesken, 2004), this paper focuses on the effect of the assumed cost function on the assessment of market power. Using data from the US catfish industry, the empirical results reveal that the NEIO approach is fairly robust to the assumed demand and cost functional forms.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
December 1, 2017
Submission Date
December 1, 2017
Acceptance Date
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Published in Issue
Year 2017 Volume: 7 Number: 4
APA
Bouras, D., Frank, T., & Burgess, E. (2017). Functional Forms and Oligopolistic Models: An Empirical Analysis. International Journal of Economics and Financial Issues, 7(4), 645-649. https://izlik.org/JA29TC23ZL
AMA
1.Bouras D, Frank T, Burgess E. Functional Forms and Oligopolistic Models: An Empirical Analysis. IJEFI. 2017;7(4):645-649. https://izlik.org/JA29TC23ZL
Chicago
Bouras, David, Troy Frank, and Eric Burgess. 2017. “Functional Forms and Oligopolistic Models: An Empirical Analysis”. International Journal of Economics and Financial Issues 7 (4): 645-49. https://izlik.org/JA29TC23ZL.
EndNote
Bouras D, Frank T, Burgess E (December 1, 2017) Functional Forms and Oligopolistic Models: An Empirical Analysis. International Journal of Economics and Financial Issues 7 4 645–649.
IEEE
[1]D. Bouras, T. Frank, and E. Burgess, “Functional Forms and Oligopolistic Models: An Empirical Analysis”, IJEFI, vol. 7, no. 4, pp. 645–649, Dec. 2017, [Online]. Available: https://izlik.org/JA29TC23ZL
ISNAD
Bouras, David - Frank, Troy - Burgess, Eric. “Functional Forms and Oligopolistic Models: An Empirical Analysis”. International Journal of Economics and Financial Issues 7/4 (December 1, 2017): 645-649. https://izlik.org/JA29TC23ZL.
JAMA
1.Bouras D, Frank T, Burgess E. Functional Forms and Oligopolistic Models: An Empirical Analysis. IJEFI. 2017;7:645–649.
MLA
Bouras, David, et al. “Functional Forms and Oligopolistic Models: An Empirical Analysis”. International Journal of Economics and Financial Issues, vol. 7, no. 4, Dec. 2017, pp. 645-9, https://izlik.org/JA29TC23ZL.
Vancouver
1.David Bouras, Troy Frank, Eric Burgess. Functional Forms and Oligopolistic Models: An Empirical Analysis. IJEFI [Internet]. 2017 Dec. 1;7(4):645-9. Available from: https://izlik.org/JA29TC23ZL