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Measuring Market Power and Welfare Losses in the Greek Food and Beverages Manufacturing Industry
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Anthony Rezitis
Published/Copyright:
April 26, 2012
This article tests for the degree of market power in the Greek food and beverages manufacturing industry over the period 1983–2007 based on the Bresnahan’s conjectural variation model of competition. It also adopts the methodology of Dickson and Yu to estimate the net and the total welfare losses due to the possible existence of market power. The bootstrap method is applied to assign measures of accuracy to the statistical estimates. The empirical results indicate the presence of some degree of market power in the Greek food and beverages manufacturing industry and the existence of welfare losses.
Published Online: 2012-4-26
©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Keywords for this article
food and beverages manufacturing industry;
market power;
welfare losses;
bootstrap
Articles in the same Issue
- Article
- Local Price Competition: The Case of Swedish Food Retailers
- The Pro-Competitive Effect of Coffee Cooperatives in Chiapas, Mexico
- Consumer Preferences for Eco, Health and Fair Trade Labels. An Application to Seafood Product in France
- Measuring Market Power and Welfare Losses in the Greek Food and Beverages Manufacturing Industry
- Buyer Power and Vertically Differentiated Retailers
- Picking Apples: Can Multi-Attribute Ecolabels Compete?
- Can Labeling and Information Policies Harm Consumers?
- Processor's Preferences and Basic Differentiation Strategies for Potatoes, Milk, and Wheat in Switzerland
- The Impact of Food Environment on Private Label versus Branded Produce Choice
- The success of new exporting countries in a traditional Agri-business industry, 1961-2005
