IDEAS home Printed from https://ideas.repec.org/a/eej/eeconj/v15y1989i1p29-34.html
   My bibliography  Save this article

The Conventional Wisdom about Cross-Haul

Author

Listed:
  • Phillip E. Giffin

    (University of Tennessee)

  • E. Bruce Hutchinson

    (University of Tennessee)

  • Joseph W. Kushner

    (Valdosta State College)

Abstract

Current proponents of neoclassical analysis sometimes exclude imperfect competition as a serious explanation of certain pricing behavior. The authors in this paper focus on the 1981 Southern Plywood antitrust litigation demonstrating that behavior from that case is readily explained within a traditional monopoly/basing-point pricing model whereas alternative economic explanations claiming price-taking behavior must rely upon external explanatory factors. The authors suggest a simple algebraic model to facilitate distinguishing whether observed pricing is or is not consistent with a price-taking explanation.

Suggested Citation

  • Phillip E. Giffin & E. Bruce Hutchinson & Joseph W. Kushner, 1989. "The Conventional Wisdom about Cross-Haul," Eastern Economic Journal, Eastern Economic Association, vol. 15(1), pages 29-34, Jan-Mar.
    • Handle: RePEc:eej:eeconj:v:15:y:1989:i:1:p:29-34
    as

    Download full text from publisher

    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume15/V15N1P29_34.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hay, George A & Kelley, Daniel, 1974. "An Empirical Survey of Price Fixing Conspiracies," Journal of Law and Economics, University of Chicago Press, vol. 17(1), pages 13-38, April.
    2. Reder, Melvin W, 1982. "Chicago Economics: Permanence and Change," Journal of Economic Literature, American Economic Association, vol. 20(1), pages 1-38, March.
    3. R. H. Coase, 1972. "Industrial Organization: A Proposal for Research," NBER Chapters, in: Economic Research: Retrospect and Prospect, Volume 3, Policy Issues and Research Opportunities in Industrial Organization, pages 59-73, National Bureau of Economic Research, Inc.
    4. Haddock, David D, 1982. "Basing-Point Pricing: Competitive vs. Collusive Theories," American Economic Review, American Economic Association, vol. 72(3), pages 289-306, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Masten, Scott E., 1995. "Old school ties: financial aid coordination and the governance of higher education," Journal of Economic Behavior & Organization, Elsevier, vol. 28(1), pages 23-47, September.
    2. Nicolas Gruyer, 2009. "Optimal Auctions When A Seller Is Bound To Sell To Collusive Bidders," Journal of Industrial Economics, Wiley Blackwell, vol. 57(4), pages 835-850, December.
    3. Christian Johnson & George G Kaufman, 2007. "Un banco, con cualquier otro nombre…," Boletín, CEMLA, vol. 0(4), pages 185-199, Octubre-d.
    4. Leonardo A. Lanzona, 2007. "The Determination of Contracts in Agricultural Economies," Development Economics Working Papers 22641, East Asian Bureau of Economic Research.
    5. Joseph E. Harrington, Jr., 2004. "Cartel Pricing Dynamics in the Presence of an Antitrust Authority," RAND Journal of Economics, The RAND Corporation, vol. 35(4), pages 651-673, Winter.
    6. van Driel, Hugo, 2000. "Collusion in transport: group effects in a historical perspective," Journal of Economic Behavior & Organization, Elsevier, vol. 41(4), pages 385-404, April.
    7. Steen Thomsen & Caspar Rose, 2004. "Foundation Ownership and Financial Performance: Do Companies Need Owners?," European Journal of Law and Economics, Springer, vol. 18(3), pages 343-364, December.
    8. Haikel Khalfallah, 2015. "Connecting Mediterranean Countries through Electricity Corridors: New Institutional Economic and Regulatory Analysis," Post-Print hal-01111432, HAL.
    9. Neri Salvadori & Rodolfo Signorino, 2016. "Competition," Chapters, in: Gilbert Faccarello & Heinz D. Kurz (ed.), Handbook on the History of Economic Analysis Volume III, chapter 6, pages 70-81, Edward Elgar Publishing.
      • Salvadori, Neri & Signorino, Rodolfo, 2011. "Competition," MPRA Paper 38387, University Library of Munich, Germany.
    10. Martin, Stephen, 2006. "Competition policy, collusion, and tacit collusion," International Journal of Industrial Organization, Elsevier, vol. 24(6), pages 1299-1332, November.
    11. Altman, Morris, 2001. "When green isn't mean: economic theory and the heuristics of the impact of environmental regulations on competitiveness and opportunity cost," Ecological Economics, Elsevier, vol. 36(1), pages 31-44, January.
    12. Robert M. Feinberg, 2016. "Cartel Stability: Determinants and International Evidence," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 48(4), pages 357-359, June.
    13. Ronald W. Cotterill, 1998. "Estimation of Cost Pass Through to Michigan Consumers in the ADM Price Fixing Case," Food Marketing Policy Center Research Reports 039, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
    14. Mark Blaug, 2001. "Is Competition Such a Good Thing? Static Efficiency versus Dynamic Efficiency," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 19(1), pages 37-48, August.
    15. Nicolai J. Foss, 2002. "The Strategy and Transaction Cost Nexus Past Debates, Central Questions, and Future Research Possibilities," DRUID Working Papers 02-04, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    16. Khalfallah, Haikel, 2015. "Connecting Mediterranean countries through electricity corridors: New Institutional Economic and regulatory analysis," Utilities Policy, Elsevier, vol. 32(C), pages 45-54.
    17. Williamson, Oliver E., 2010. "Transaction Cost Economics: The Natural Progression," Journal of Retailing, Elsevier, vol. 86(3), pages 215-226.
    18. Andrey E. Shastitko & Anna I. Meleshkina & Olga A. Markova, 2021. "The market regulation triad: Antitrust, industrial policy and protectionism in the optical fiber market," Upravlenets, Ural State University of Economics, vol. 12(1), pages 47-61, March.
    19. Sagar Hernández Chuliá, 2016. "La relación entre neoinstitucionalismo económico y sociológico," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 18(35), pages 123-149, July-Dece.
    20. Wang, Sen & Bogle, Tim & van Kooten, G. Cornelis, 2012. "Forestry and the New Institutional Economics," Working Papers 130818, University of Victoria, Resource Economics and Policy.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:15:y:1989:i:1:p:29-34. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Victor Matheson, College of the Holy Cross (email available below). General contact details of provider: https://edirc.repec.org/data/eeaa1ea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.