By F.M. Scherer (auth.), David B. Audretsch, John J. Siegfried (eds.)
Empirical reviews in commercial Organization brings jointly top students who current cutting-edge study within the spirit of the structure-conduct-performance paradigm embodied within the paintings of Leonard W. Weiss.
the person chapters are usually empirically or public coverage orientated. a few them introduce new assets of knowledge that, mixed with the applying of applicable econometric options, let new breakthroughs and insights on matters hotly debated within the business association literature. for instance, 5 of the chapters are dedicated in the direction of uncovering the hyperlink among marketplace focus and pricing habit. whereas theoretical versions have produced ambiguous predictions about the dating among focus and cost those chapters, which span a few assorted markets and events, offer unequivocal proof excessive point of industry focus has a tendency to bring about the next point of costs. 3 of the chapters discover the influence of marketplace constitution on creation potency, and 3 different chapters specialise in the position of commercial association on public coverage.
participants contain David B. Audretsch, Richard E. Caves, Mark J. Roberts, F.M. Scherer, John J. Siegfried and Hideki Yamawaki.
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Example text
Basis of the concentration measure producing the highest adjusted R-squared in part A and, because of its role in the merger guidelines, the Herfindahl index. As can be seen from part A of Table lA, all estimations yield concentration coefficients that are positive with high t-statistics. The regression employing the five-firm concentration ratio (CR5) yields the highest adjusted R-squared, followed by the regression using the one-firm concentration ratio (CRl) and that using the Herfindahl index (H).
This could result if plants that face high electricity prices use other fuels, such as natural gas, to run the baking ovens. To check this possibility we estimated the model on a subset of the plants for which natural gas prices were available. Even after controlling for the gas price, the coefficient on the price of electricity remained negative. 24. There is also some mixed evidence on the presence of economies and diseconomies of scope. Plants that produce hamburger rolls have lower bread prices, but plants that 32 produce hearth rolls have higher bread prices.
In the case of bread, of the 624 plants in the sample 471 of them have at least 10 other bread-producing plants whose primary service area overlaps with their own. Only 13 plants have no other producers that overlap with their primary service area. While this may indicate that our definition of the primary service area is too large, it is useful to note that most of the plants in our sample will face a fairly substantial number of rival producers. 2o In order to control for both cost and the number of competitors as determinants of a plant's output price and level we estimate the reducedform equations.