search query: @author Masson, R. / total: 3
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| Author: | Madhavan, A. Masson, R. Lesser, W. |
| Title: | Cooperation for monopolization? An empirical analysis of cartelization |
| Journal: | Review of Economics and Statistics
1994 : FEB, VOL. 76:1, p. 161-175 |
| Index terms: | ECONOMICS CO-OPERATION MONOPOLY |
| Language: | eng |
| Abstract: | This paper examines the ability of a large numbers cartel to raise price-cost margins. The cartel in question is a diary cooperative, Associated Milk Producers, Inc. (AMPI), with more than 30,000 members. The authors develop a model of spatial limit pricing that they test using the method of Seemingly Unrelated Regressions, adjusting for serial correlation. The results suggest that the cartel successfully obtained and used market power and that its power was proportional to its market share. |
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