| Home > American Agricultural Economics Association (AAEA) > 1982 Annual Meeting, August 1-4, Logan, Utah > A DYNAMIC SIMULTANEOUS MODEL OF MARKET STRUCTURE AND PERFORMANCE IN FOOD INDUSTRIES |
This paper investigates the simultaneous and dynamic nature of the relationship between structure, conduct, and performance (S-C-P) with particular reference to the U.S. food and tobacco processing sector. The empirical results confirm the essentially simultaneous nature of the S-C-P system. Profit margins and advertising intensity interact within a simultaneous framework while concentration evolves slowly over time without responding much to the current economic environment.
