ASSESSING COMPETITION WITH THE PANZAR-ROSSE MODEL: THE ROLE OF SCALE, COSTS, AND EQUILIBRIUM

Sherrill Shaffer; Jacob A Bikker; Laura Spierdijk

doi:10.1162/REST_a_00210

ASSESSING COMPETITION WITH THE PANZAR-ROSSE MODEL: THE ROLE OF SCALE, COSTS, AND EQUILIBRIUM

Sherrill Shaffer, Jacob A Bikker, Laura Spierdijk

Research output: Contribution to journal › Article

Abstract

The Panzar-Rosse test has been widely applied to assess competitive conduct, often in specifications controlling for firm scale or using a price equation. We show that neither a price equation nor a scaled revenue function yields a valid measure for compe

Original language	English
Pages (from-to)	1025-1044
Journal	Review of Economics and Statistics
Volume	94
Issue number	4
DOIs	https://doi.org/10.1162/REST_a_00210
Publication status	Published - 2012

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10.1162/REST_a_00210

http://hdl.handle.net/1885/72314

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ASSESSING COMPETITION WITH THE PANZAR-ROSSE MODEL: THE ROLE OF SCALE, COSTS, AND EQUILIBRIUM

Abstract

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