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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 14-八月-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-Shyr en_US dc.date (日期) 2009-04 en_US dc.date.accessioned 14-八月-2014 17:06:24 (UTC+8) - dc.date.available 14-八月-2014 17:06:24 (UTC+8) - dc.date.issued (上傳時間) 14-八月-2014 17:06:24 (UTC+8) - dc.identifier.uri (URI) https://ah.lib.nccu.edu.tw/item?item_id=77175 - 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), 164-180 en_US dc.title (題名) Structural Change and Market Power in the U.S. Food Manufacturing Sector en_US dc.type (資料類型) article en
