Overview

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.

Full Product Details

Author:   Rolf Fare (Oregon State Univ, Usa) ,  Shawna Grosskopf (Oregon State Univ, Usa) ,  Dimitris Margaritis (The Univ Of Auckland, New Zealand)
Publisher:   World Scientific Publishing Co Pte Ltd
Imprint:   World Scientific Publishing Co Pte Ltd
Volume:   19
ISBN:  

9789811285929

ISBN 10:   9811285926
Pages:   148
Publication Date:   19 April 2024
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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