TY  - JOUR
TT  - Functional Forms and Oligopolistic Models: An Empirical Analysis
AU  - Bouras, David
AU  - Frank, Troy
AU  - Burgess, Eric
PY  - 2017
DA  - December
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 645
EP  - 649
VL  - 7
IS  - 4
KW  - Demand
KW  - Cost
KW  - NEIO
KW  - Market Power.
N2  - 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.
UR  - https://dergipark.org.tr/tr/pub/ijefi/issue//353610
L1  - https://dergipark.org.tr/tr/download/article-file/364650
ER  -