The DOI matches its Crossref record; 13 of the 13 references it cites were found in a registry or an index.
Testing Static Oligopoly Models: Conduct and Cost in the Sugar Industry, 1890-1914
Open accessAbstract
We explore the widespread methodology of using demand information to infer market conduct and unobserved cost components under the hypothesis of static oligopoly behavior. Direct measures of marginal cost and conduct, indicating small market power, serve as benchmarks. The more competitive models yield better cost estimates. The best cost estimates occur when conduct is estimated as a free parameter, which in turn only slightly underestimates our direct measure. It also tracks the decline in market power accompanying the industry's structural changes. The methodology is largely validated, although partial cost information can improve its predictive power. Conclusions are robust to demand function.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
A Simple, Positive Semi-Definite, Heteroskedasticity and AutocorrelationConsistent Covariance Matrix
Newey, W., & West, K. (1986) · National Bureau of Economic Research · doi:10.3386/t0055 · Cited by 12,278
Automobile Prices in Market Equilibrium
Berry, S., Levinsohn, J., & Pakes, A. (1995) · Econometrica · doi:10.2307/2171802 · Cited by 4,883
Bound, J., Jaeger, D. A., & Baker, R. M. (1995) · Journal of the American Statistical Association · doi:10.1080/01621459.1995.10476536 · Cited by 3,618
Chapter 17 Empirical studies of industries with market power
Bresnahan, T. F. (1989) · Handbook of Industrial Organization · doi:10.1016/s1573-448x(89)02005-4 · Cited by 1,271
A study of cartel stability: the Joint Executive Committee, 1880–1886
Porter, R. H. (1989) · Cournot Oligopoly · doi:10.1017/cbo9780511528231.024 · Cited by 424
Conduct parameters and the measurement of market power
Corts, K. S. (1999) · Journal of Econometrics · doi:10.1016/s0304-4076(98)00028-1 · Cited by 376
Tests for model specification in the presence of alternative hypotheses
MacKinnon, J. G., White, H., & Davidson, R. (1983) · Journal of Econometrics · doi:10.1016/0304-4076(83)90119-7 · Cited by 344
A Supergame-Theoretic Model of Business Cycles and Price Wars During Booms
Rotemberg, J., & Saloner, G. (1984) · National Bureau of Economic Research · doi:10.3386/w1412 · Cited by 328
Firm interdependence in oligopolistic markets
Gollop, F. M., & Roberts, M. J. (1979) · Journal of Econometrics · doi:10.1016/0304-4076(79)90087-3 · Cited by 178
Measurement of Monopoly Behavior: An Application to the Cigarette Industry
Sumner, D. A. (1981) · Journal of Political Economy · doi:10.1086/261017 · Cited by 162
Appelbaum, E. (1979) · Journal of Econometrics · doi:10.1016/0304-4076(79)90075-7 · Cited by 147
Testing Hypotheses about Firm Behavior in the Cigarette Industry
Sullivan, D. G. (1985) · Journal of Political Economy · doi:10.1086/261317 · Cited by 117
Nonparametric Tests of Market Structure: An Application to the Cigarette Industry
Ashenfelter, O., & Sullivan, D. G. (1987) · Journal of Industrial Economics · doi:10.2307/2098584 · Cited by 90
Cited by
Measuring Duopoly Power in the British Electricity Spot Market
Wolfram, C. D. (1999) · American Economic Review · doi:10.1257/aer.89.4.805 · Cited by 743
The Effects of Regulatory Reform on Competition in the Banking Industry
Angelini, P. (., & Cetorelli, N. (2003) · Journal of Money, Credit, and Banking · doi:10.1353/mcb.2003.0033 · Cited by 440
Hortaçsu, A., & Puller, S. L. (2008) · The RAND Journal of Economics · doi:10.1111/j.0741-6261.2008.00005.x · Cited by 432
Assessing Competition with the Panzar-Rosse Model: The Role of Scale, Costs, and Equilibrium
Bikker, J. A., Shaffer, S., & Spierdijk, L. (2012) · Review of Economics and Statistics · doi:10.1162/rest_a_00210 · Cited by 295
Pricing and Firm Conduct in California's Deregulated Electricity Market
Puller, S. L. (2007) · Review of Economics and Statistics · doi:10.1162/rest.89.1.75 · Cited by 255
Metadata
- Authors
- Genesove, D., & Mullin, W. P.
- Venue
- The RAND Journal of Economics
- Publisher
- Wiley
- Published
- 1998
- Volume
- 29
- Issue
- 2
- Pages
- 355
- ISSN
- 0741-6261 (ISSN-L)
- OpenAlex
- W1969397851
- Cited by
- 393
- References
- 13
- FWCI
- 23.82
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.