Market power, economic efficiency, and the Lerner index:

"The book uses distance functions, a generalization of the more familiar production function, as the theoretical and empirical tools to construct Lerner indexes of market power in both the input and output markets. The use of distance functions enables us to explicitly account for the effects o...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Weitere Verfasser: Färe, Rolf 1942- (HerausgeberIn), Grosskopf, Shawna 1950- (HerausgeberIn), Margaritis, Dimitris (HerausgeberIn)
Format: Buch
Sprache:English
Veröffentlicht: Singapore, Harensack, NJ, London World Scientific [2024]
Schriftenreihe:World Scientific - Now Publishers series in business vol. 19
Schlagworte:
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Zusammenfassung:"The book uses distance functions, a generalization of the more familiar production function, as the theoretical and empirical tools to construct Lerner indexes of market power in both the input and output markets. The use of distance functions enables us to explicitly account for the effects of firm inefficiency and price markups in the evaluation of market power. The book focusses on the theory and provides a menu of applications to construct measures of firm efficiency and market power in the financial and public sectors."
Beschreibung:xvi, 131 Seiten Illustrationen
ISBN:9789811285929

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