Determining market power exertion between buyers and sellers

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“…Researchers often use the SEM tool for nonlinear spherical functions to obtain direct estimates of the predicted elasticity. Specifically: Raper et al (2000) applied this model to estimate the market power of the American tobacco market; measuring the market power of food retail in France Gohin and Guyomard (2000); Lass et al (2005) use the method of estimating supply and demand simultaneously to determine the market strength of farms that support communities and their customers; Merel (2009) also applies this tool to the analysis of the French cheese market strength. Meanwhile, Cakir and Balagtas (2012) also developed the NEIO approach for constructing a linear model to assess the market power of dairy cooperatives in America.…”

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“…Researchers often use the SEM tool for nonlinear spherical functions to obtain direct estimates of the predicted elasticity. Specifically: Raper et al (2000) applied this model to estimate the market power of the American tobacco market; measuring the market power of food retail in France Gohin and Guyomard (2000); Lass et al (2005) use the method of estimating supply and demand simultaneously to determine the market strength of farms that support communities and their customers; Merel (2009) also applies this tool to the analysis of the French cheese market strength. Meanwhile, Cakir and Balagtas (2012) also developed the NEIO approach for constructing a linear model to assess the market power of dairy cooperatives in America.…”

Market power and allocative efficiency loss: a comparative analysis on China's tobacco and food industries

“…This model consists of a set of simultaneous equations on pricing and demand and is the most extensively used in empirical studies. Numerous scholars have applied this method to calculate market power (Roberts, 1984; Schroeter, 1988; Azzam and Pagoulatos, 1990; Morrison, 1990; Barnett et al , 1995; Bhuyan and Lopez, 1998; Raper et al , 2000; Mérel, 2009; Hovhannisyan and Gould, 2012; Cakir and Balagtas, 2012; Cleary and Lopez, 2014). To illustrate, Bhuyan and Lopez obtained an estimation of Lerner Index at approximately 0.426 for the US tobacco industry via the NEIO model.…”

Optimal Commodity Advertising in Bilateral Oligopoly

“…In many cases, the bargaining relationship seems to be more realistic particularly in U.S. food processing and retail-grocery industries. Therefore, several previous studies in the industrial organization literature develop bilateral oligopoly/oligopsony models that potentially allow market power for both buyers and sellers [15] [25] [26]. For example, Azzam's [25] econometric analysis shows that neither sellers nor buyers dominate between the U.S. beef packing industry and retail-grocery industry.…”

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“…Researchers often use the SEM tool for nonlinear spherical functions to obtain direct estimates of the predicted elasticity. Specifically: Raper et al (2000) applied this model to estimate the market power of the American tobacco market; measuring the market power of food retail in France Gohin and Guyomard (2000); Lass et al (2005) use the method of estimating supply and demand simultaneously to determine the market strength of farms that support communities and their customers; Merel (2009) also applies this tool to the analysis of the French cheese market strength. Meanwhile, Cakir and Balagtas (2012) also developed the NEIO approach for constructing a linear model to assess the market power of dairy cooperatives in America.…”

Market power and allocative efficiency loss: a comparative analysis on China's tobacco and food industries

“…This model consists of a set of simultaneous equations on pricing and demand and is the most extensively used in empirical studies. Numerous scholars have applied this method to calculate market power (Roberts, 1984; Schroeter, 1988; Azzam and Pagoulatos, 1990; Morrison, 1990; Barnett et al , 1995; Bhuyan and Lopez, 1998; Raper et al , 2000; Mérel, 2009; Hovhannisyan and Gould, 2012; Cakir and Balagtas, 2012; Cleary and Lopez, 2014). To illustrate, Bhuyan and Lopez obtained an estimation of Lerner Index at approximately 0.426 for the US tobacco industry via the NEIO model.…”

Optimal Commodity Advertising in Bilateral Oligopoly

“…In many cases, the bargaining relationship seems to be more realistic particularly in U.S. food processing and retail-grocery industries. Therefore, several previous studies in the industrial organization literature develop bilateral oligopoly/oligopsony models that potentially allow market power for both buyers and sellers [15] [25] [26]. For example, Azzam's [25] econometric analysis shows that neither sellers nor buyers dominate between the U.S. beef packing industry and retail-grocery industry.…”

Untitled

“…Researchers often use the SEM tool for nonlinear spherical functions to obtain direct estimates of the predicted elasticity. Specifically: Raper et al (2000) applied this model to estimate the market power of the American tobacco market; measuring the market power of food retail in France Gohin and Guyomard (2000); Lass et al (2005) use the method of estimating supply and demand simultaneously to determine the market strength of farms that support communities and their customers; Merel (2009) also applies this tool to the analysis of the French cheese market strength. Meanwhile, Cakir and Balagtas (2012) also developed the NEIO approach for constructing a linear model to assess the market power of dairy cooperatives in America.…”

Market power and allocative efficiency loss: a comparative analysis on China's tobacco and food industries

“…This model consists of a set of simultaneous equations on pricing and demand and is the most extensively used in empirical studies. Numerous scholars have applied this method to calculate market power (Roberts, 1984; Schroeter, 1988; Azzam and Pagoulatos, 1990; Morrison, 1990; Barnett et al , 1995; Bhuyan and Lopez, 1998; Raper et al , 2000; Mérel, 2009; Hovhannisyan and Gould, 2012; Cakir and Balagtas, 2012; Cleary and Lopez, 2014). To illustrate, Bhuyan and Lopez obtained an estimation of Lerner Index at approximately 0.426 for the US tobacco industry via the NEIO model.…”

Optimal Commodity Advertising in Bilateral Oligopoly

“…In many cases, the bargaining relationship seems to be more realistic particularly in U.S. food processing and retail-grocery industries. Therefore, several previous studies in the industrial organization literature develop bilateral oligopoly/oligopsony models that potentially allow market power for both buyers and sellers [15] [25] [26]. For example, Azzam's [25] econometric analysis shows that neither sellers nor buyers dominate between the U.S. beef packing industry and retail-grocery industry.…”