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.


Issue Date:
1982-08
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/279163
Language:
English
Total Pages:
15




 Record created 2018-10-26, last modified 2020-10-28

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