Measuring oligopsony power |
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Authors: | Mats A Bergman Runar Brännlund |
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Institution: | 1. Department of Economics, University of Ume?, S-901 87, Ume?, Sweden
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Abstract: | An empirical test of oligopsony power is developed, where the conjectural and supply elasticities are estimated simultaneously. A Generalized Leontief profit function is used to represent the production structure. The test is applied to the Swedish pulpwood market. Support is found for the hypothesis that the degree of market power varies over time.We acknowledge a research grant from the Swedish Council for Forest and Agricultural research. |
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Keywords: | Market power Generalized Leontief profit function pulpwood conjectural elasticity |
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