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Estimation of Market Power in a Nonrenewable Resource Industry

Author

Listed:
  • Ellis, G-M
  • Halvorsen, R

Abstract

In this paper we derive a method for simultaneously estimating three possible determinants of output price : the marginal market cost of production, the user cost of the resource, and the exercise of market power.

Suggested Citation

  • Ellis, G-M & Halvorsen, R, 1997. "Estimation of Market Power in a Nonrenewable Resource Industry," Working Papers 97-14, University of Washington, Department of Economics.
    • Handle: RePEc:udb:wpaper:97-14
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    More about this item

    Keywords

    PRICING;

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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