Assessing Time-Varying Oligopoly and Oligopsony Power in the U.S. Paper Industry

The U.S. paper industry has become increasingly concentrated and therefore been suspected of imperfect competition. In this study, the new empirical industrial organization approach is employed to measure the degree of oligopoly and oligopsony power in the U.S. paper industry simultaneously. The model is estimated by iterative three-stage least squares using annual data from 1955 to 2003. The results reveal that there has been significant oligopoly and oligopsony power in the U.S. paper industry, and the oligopoly power has been consistently lower than the oligopsony power.


Issue Date:
2008-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/47268
Published in:
Journal of Agricultural and Applied Economics, Volume 40, Number 3
Page range:
927-939
Total Pages:
13
JEL Codes:
L13; Q23




 Record created 2017-04-01, last modified 2017-08-25

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