Measurement of industry conduct with a latent structure (replication data)

DOI

Empirical industrial organization economists have long been concerned with measuring the degree of competition in markets and understanding its underlying determinants, but they have faced serious difficulties, including data requirements and misspecification issues. This paper offers an alternative method of estimating market power and industry conduct. Market power is estimated for the fresh apple industry with a latent modelling structure. Specifically, variations of the MIMIC model are adapted to this problem. These variations are the multiple-indicators (MI) and the filtered-measure (FM) approaches. The results suggest that although the Washington apple industry has a large market share, it does not exercise market power. Factors that mitigate the exertion of market power in the fresh apple market include competitor shipments and retailer power.

Identifier
DOI https://doi.org/10.15456/jae.2022319.0708562798
Metadata Access https://www.da-ra.de/oaip/oai?verb=GetRecord&metadataPrefix=oai_dc&identifier=oai:oai.da-ra.de:776155
Provenance
Creator McCluskey, Jill J.; Quagrainie, Kwamena K.
Publisher ZBW - Leibniz Informationszentrum Wirtschaft
Publication Year 2004
Rights Creative Commons Attribution 4.0 (CC-BY); Download
OpenAccess true
Contact ZBW - Leibniz Informationszentrum Wirtschaft
Representation
Language English
Resource Type Collection
Discipline Economics