Testing Market Power with Profit Functions: a Dual Approach with Normalized Quadratic
Gao, Zhifeng; Moss, Charles B.
2013

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Abstract

The dual relationship between parameters of normalized quadratic cost and profit functions is determined when firms can implement market power on the output market. An approach is developed to test the market power by comparing the profits of a firm with and without market power. Simulations demonstrate the efficiency of this approach.

Details

Title Testing Market Power with Profit Functions: a Dual Approach with Normalized Quadratic
Keywords
Author(s) Gao, Zhifeng
Moss, Charles B.
Subject(s)
Issue Date Feb 02 2013
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.143105
Record Identifier https://ageconsearch.umn.edu/record/143105
PURL Identifier http://purl.umn.edu/143105
Language English
Total Pages 11
Series Statement 73
Record Appears in Southern Agricultural Economics Association (SAEA) > 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida

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