Multimarket Power Estimation: The Australian Retail Meat Sector.
by
Charles Hyde and Jeffrey M. Perloff.
April 1996
Department of Economics. University of Melbourne. Parkville Victoria
3052 Australia
ABSTRACT
A new technique for estimating market power in several markets simultaneously
is developed and applied to the Australian retail beef, lamb, and pork
markets. Some support is found for the restriction that market power is
the same for each meat. Given equal market power in all three meats, we
reject the hypothesis of perfect competition. Market power increased slightly
over the period of analysis. Spillover effects of shocks to one market
on other markets are calculated.
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