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Market Power, Economic Efficiency, and the Lerner Index

Editor

Listed:
  • Rolf Färe
    (Oregon State University, USA)

  • Shawna Grosskopf
    (Oregon State University, USA)

  • Dimitris Margaritis
    (University of Auckland Business School, New Zealand)

Abstract

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.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Rolf Färe & Shawna Grosskopf & Dimitris Margaritis (ed.), 2024. "Market Power, Economic Efficiency, and the Lerner Index," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 13668, June.
    • Handle: RePEc:wsi:wsbook:13668
    as

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    File URL: https://www.worldscientific.com/worldscibooks/10.1142/13668
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    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Lerner Index; Market Power; Distance Functions; Data Envelopment Analysis; Banking;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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