Market Power and/or Efficiency: An Application to U.S. Food Processing

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dc.creatorLopez, Rigoberto A.
dc.creatorAzzam, Azzeddine M.
dc.creatorLiron-Espana, Carmen
dc.date2017-04-01T13:46:41Z
dc.date.accessioned2026-07-09T03:49:51Z
dc.descriptionThis article separates oligopoly-power and cost-efficiency effects of changes in industrial concentration and assesses their impact on output prices in 32 food-processing industries. Empirical results indicate that although concentration induces cost efficiency in one-third of the industries, oligopoly-power effects either dominate cost efficiency or reinforce inefficiency, resulting in higher output prices in most industries. The article also provides fresh econometric estimates of oligopoly power and economies of size for the industries in question.
dc.identifierdoi:10.22004/ag.econ.25160
dc.identifierhttps://ageconsearch.umn.edu/record/25160/files/rr010060.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/25160
dc.identifier.urihttp://hdl.handle.net/123456789/540574
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/25160
dc.titleMarket Power and/or Efficiency: An Application to U.S. Food Processing
dc.typeText

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