Market Power, Economic Efficiency And The Lerner Index

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.

Product details

• Authors: Shawna Grosskopf Dimitris Ma Rolf Fare
• Assisted by: Dimitris Margaritis (Editor), Rolf Fare (Editor), Fare Rolf (Editor), Shawna Grosskopf (Editor), Grosskopf Shawna (Editor), Dimitris Margaritis (Editor), Margaritis Dimitris (Editor), Rolf Färe (Editor), Shawna Grosskopf (Editor)
• Publisher: Ingram Publishers Services
• Languages: English
• Product format: Hardback
• Released: 01.04.2024
• EAN: 9789811285929
• ISBN: 978-981-1285-92-9
• Series: World Scientific-Now Publishers Series in Business
• Subjects: Social sciences, law, business > Business > Miscellaneous; BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Industrial Management, BUSINESS & ECONOMICS / Econometrics, macroeconomics, Economic statistics, Economics of industrial organisation, Econometrics, Economics of industrial organization, Econometrics and economic statistics