Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Measuring the degree of market power in the Greek manufacturing industry

Measuring the degree of market power in the Greek manufacturing industry This paper investigates the competitive conditions in the Greek manufacturing industry, estimates the net and the total welfare losses due to the possible existence of market power and investigates factors affecting the market power at sectoral level and over time. The bootstrap method is applied to assign measures of accuracy to the statistical estimates. The empirical results imply the presence of imperfect competition in the Greek manufacturing industry and the existence of welfare losses. Furthermore, the findings indicate that labor intensity, the sector size and the openness influence the market power at the sectoral level and labor intensity, while the number of firms and the openness affect the market power over time. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Review of Applied Economics Taylor & Francis

Measuring the degree of market power in the Greek manufacturing industry

21 pages

Loading next page...
 
/lp/taylor-francis/measuring-the-degree-of-market-power-in-the-greek-manufacturing-N9zhu6yUYY

References (32)

Publisher
Taylor & Francis
Copyright
Copyright Taylor & Francis Group, LLC
ISSN
1465-3486
eISSN
0269-2171
DOI
10.1080/02692171.2012.721756
Publisher site
See Article on Publisher Site

Abstract

This paper investigates the competitive conditions in the Greek manufacturing industry, estimates the net and the total welfare losses due to the possible existence of market power and investigates factors affecting the market power at sectoral level and over time. The bootstrap method is applied to assign measures of accuracy to the statistical estimates. The empirical results imply the presence of imperfect competition in the Greek manufacturing industry and the existence of welfare losses. Furthermore, the findings indicate that labor intensity, the sector size and the openness influence the market power at the sectoral level and labor intensity, while the number of firms and the openness affect the market power over time.

Journal

International Review of Applied EconomicsTaylor & Francis

Published: May 1, 2013

Keywords: market power; welfare losses; factors; manufacturing industry; bootstrap; L00; L60; D43; D60

There are no references for this article.