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Assessing the Degree of Market Power in the Rice Milling Industry of Sri Lanka: An Application of the NEIO Approach

Author

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  • Musthapha Mufeeth
  • Senal Weerasooriya
  • Jeevika Weerahewa

Abstract

This study used the New Empirical Industrial Organization (NEIO) approach to estimate the presence and factors affecting the market power of the rice milling industry in Sri Lanka. Annual data from 1982 to 2019 were used for the analysis. The miller’s pricing and demand models were estimated using the non-linear Seemingly Unrelated Regression (SUR) estimation technique. The estimated conjectural variation elasticity and the Lerner index of the Sri Lankan rice milling industry were 0.348 and 0.677 correspondingly and the results were significantly (p

Suggested Citation

  • Musthapha Mufeeth & Senal Weerasooriya & Jeevika Weerahewa, 2024. "Assessing the Degree of Market Power in the Rice Milling Industry of Sri Lanka: An Application of the NEIO Approach," Studies in Microeconomics, , vol. 12(2), pages 115-134, August.
    • Handle: RePEc:sae:miceco:v:12:y:2024:i:2:p:115-134
    DOI: 10.1177/23210222221092550
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