Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder

Exercise 30

Are there any surprises in Table? Where do you think such industries as home construction, beer, and computers would fit? How about higher education?
Table Competitiveness of Various Industries Source: Taken from compilations of studies by T. F. Bresnahan, ''Empirical Studies of Industries with Market Power,'' in Handbook of Industrial Organization, ed. and (Amsterdam: North-Holland, 1989), Table and D. W. Carlton and J. M. Perloff, Modern Industrial Organization, 4th ed. (Boston: Pearson, 2005), Table. Aluminum: V. Suslow, ''Estimating Monopoly Behavior with Competitive Recycling: An Application to Alcoa,'' RAND Journal of Economics (Autumn 1986): 389-403. Autos: T. F. Bresnahan, ''Departures from Marginal-Cost Pricing in the American Automobile Industry: Estimates for 1977-1978,'' Journal of Econometrics (November 1981): 201-227. Banking: P. Spiller and E. Favaro, ''The Effects of Entry Regulation on Oligopolistic Interaction: The Uruguayan Banking Sector,'' RAND Journal of Economics (Summer 1984): 244-254. Coffee roasting: M. J. Roberts, ''Testing Oligopolistic Behavior,'' International Journal of Industrial Organization (December 1984): 367-383. Electrical machinery, textiles, tobacco: E. Applebaum, ''The Estimation of the Degree of Oligopoly Power,'' Journal of Econometrics (August 1982): 287-299. Food processing: R. E. Lopez, ''Measuring Oligopoly Power and Production Responses of the Canadian Food Processing Industry,'' Journal of Agricultural Economics (July 1984): 219-230. Gasoline: M. Slade, ''Conjectures, Firm Characteristics, and Market Structure: An Empirical Assessment,'' International Journal of Industrial Organization (December 1986): 347-369. Refined sugar: Genesove and Mullin, cited in footnote 1.