Research Article
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Testing Oligopolistic Behaviors: Conduct and Cost in Taiwan's Flour Market
Article first published online: 21 NOV 2011
DOI: 10.1002/agr.20284
© 2011 Wiley Periodicals, Inc.
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How to Cite
Ma, T.-C. (2012), Testing Oligopolistic Behaviors: Conduct and Cost in Taiwan's Flour Market. Agribusiness, 28: 1–14. doi: 10.1002/agr.20284
Publication History
- Issue published online: 10 APR 2012
- Article first published online: 21 NOV 2011
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ABSTRACT
Testing the validity of the new empirical industrial organization (NEIO) proposition is often made more complicated by a lack of reliable cost data. Nevertheless, the author takes advantage of a more sophisticated dataset to directly measure cost in Taiwan's flour market. In contrast to the previous findings, the evidence indicates that the NEIO technique performs reasonably well in estimating both conduct and cost parameters.