| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 10483894 | Resources Policy | 2005 | 6 Pages |
Abstract
The purpose of this paper is to construct and empirically test a model designed to determine the link between market concentration and price with separate effects of market-power and cost-efficiency in change of industrial concentration. The analysis is conducted within the context of a single oligopoly, specifically, the US primary aluminum industry. Using time-series data, the model indicates that both market-power and cost-efficiency effects are significant resulting in unwavering prices despite diminishing market concentration in the industry throughout the sample period.
Related Topics
Physical Sciences and Engineering
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Authors
Sheng-Ping Yang,