Empirical Studies in Industrial Organization: Essays in by F.M. Scherer (auth.), David B. Audretsch, John J. Siegfried

By F.M. Scherer (auth.), David B. Audretsch, John J. Siegfried (eds.)

Empirical experiences in commercial Organization brings jointly major students who current state of the art learn within the spirit of the structure-conduct-performance paradigm embodied within the paintings of Leonard W. Weiss.
the person chapters are quite often empirically or public coverage orientated. a few them introduce new resources of information that, mixed with the appliance of acceptable econometric thoughts, let new breakthroughs and insights on concerns hotly debated within the business association literature. for instance, 5 of the chapters are committed in the direction of uncovering the hyperlink among industry focus and pricing habit. whereas theoretical types have produced ambiguous predictions in regards to the dating among focus and cost those chapters, which span a few assorted markets and occasions, supply unequivocal proof excessive point of industry focus has a tendency to lead to a better point of costs. 3 of the chapters discover the effect of industry constitution on construction potency, and 3 different chapters specialize in the position of commercial association on public coverage.
participants comprise David B. Audretsch, Richard E. Caves, Mark J. Roberts, F.M. Scherer, John J. Siegfried and Hideki Yamawaki.

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As reported in Tables 2 and 3, dummy variables for multipleplant ownership are not significant in the output price and average variable cost regressions but are significant in the quantity of bread regression. These indicate that plants owned by multi-plant firms, which include the national and regional producers, are larger, but have similar average variable cost and prices to single-plant producers. To explore the possible importance of firm effects further, dummy variables are included in the output price regressions to distinguish the fifteen firms with the largest number of plants in the sample.

To explore the possible importance of firm effects further, dummy variables are included in the output price regressions to distinguish the fifteen firms with the largest number of plants in the sample. These are the major national and regional bread manufacturers. Of the fifteen firm coefficients that are estimated, approximately half are negative and half are positive. Several of the coefficients are statistically significant and we reject the hypotheses that they are jointly equal to zero in the output price regressions.

Dunne, Roberts, and Samuelson (1989) find that plant age is an important correlate of both plant failure rates and growth rates in a way that is consistent with efficiency differences across plants and a process of market selection. 15. The five seven-digit bread products included in SIC 20511 are: white pan bread, white hearth bread including French and Italian, wheat bread, rye and pumpernickel, and other variety bread including raisin and potato. The six roll products included in SIC 20512 are: hamburger and hot dog rolls, brown and serve rolls, english muffins, hearth rolls, other bread type rolls, and stuffing and croutons.

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