Campus Units

Economics

Document Type

Article

Publication Version

Published Version

Publication Date

1988

Journal or Book Title

Review of Economics and Statistics

Volume

70

Issue

1

First Page or Article ID Number

158

Last Page

162

Abstract

A technique for assessing the degree of monopoly power, developed by Appelbaum (1979, 1982), is extended here to permit measurement of monopsony power as well. Data from the U.S. beef packing industry are examined. The results reveal small, but statistically significant monopoly/monopsony price distortions in slaughter cattle and wholesale beef markets but, in spite of a recent trend toward heightened concentration in the industry, give no indication that performance has become appreciably less competitive of late.

Comments

This is is an article from Review of Economics and Statistics 70 (1988): 158.

Copyright Owner

MIT Press

Language

en

File Format

application/pdf

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