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題名 Structural Change and Market Power in the U.S. Food Manufacturing Sector
作者 王信賢
Wang, Shinn-Shyr
貢獻者 經濟系
日期 2009-04
上傳時間 14-Aug-2014 17:06:24 (UTC+8)
摘要 This study develops an intertemporally linked market model to explore the relationships between price-cost margins, market concentration, and advertising outlay. The study used data from 48 four-digit SIC (standardized industrial classification) codes for the Food and Tobacco Processing Industries during the 1970s, 1980s, and 1990s. The authors` findings provide evidence that both high and low levels of performance provide signals to industries to consolidate, but for obvious and different reasons. Further, increased consolidation leads to increased entry barriers (advertising) and higher profits to the industry. Our findings are supportive of both Chicago and Traditionalist Schools of thought about antitrust enforcement: Neither emerges in a dominant position. Endogeneity issues and findings within the intertemporal structure cast considerable doubt about overly simplistic structure–performance paradigms of firm behavior. [JEL Code: L11, L40, L66]. © 2009 Wiley Periodicals, Inc.
關聯 Agribusiness, 25(2), 164-180
資料類型 article
dc.contributor 經濟系en_US
dc.creator (作者) 王信賢zh_TW
dc.creator (作者) Wang, Shinn-Shyren_US
dc.date (日期) 2009-04en_US
dc.date.accessioned 14-Aug-2014 17:06:24 (UTC+8)-
dc.date.available 14-Aug-2014 17:06:24 (UTC+8)-
dc.date.issued (上傳時間) 14-Aug-2014 17:06:24 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/68760-
dc.description.abstract (摘要) This study develops an intertemporally linked market model to explore the relationships between price-cost margins, market concentration, and advertising outlay. The study used data from 48 four-digit SIC (standardized industrial classification) codes for the Food and Tobacco Processing Industries during the 1970s, 1980s, and 1990s. The authors` findings provide evidence that both high and low levels of performance provide signals to industries to consolidate, but for obvious and different reasons. Further, increased consolidation leads to increased entry barriers (advertising) and higher profits to the industry. Our findings are supportive of both Chicago and Traditionalist Schools of thought about antitrust enforcement: Neither emerges in a dominant position. Endogeneity issues and findings within the intertemporal structure cast considerable doubt about overly simplistic structure–performance paradigms of firm behavior. [JEL Code: L11, L40, L66]. © 2009 Wiley Periodicals, Inc.en_US
dc.format.extent 154607 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Agribusiness, 25(2), 164-180en_US
dc.title (題名) Structural Change and Market Power in the U.S. Food Manufacturing Sectoren_US
dc.type (資料類型) articleen