Ownership Concentration and Market Power in Urban Land Markets
نویسندگان
چکیده
منابع مشابه
PWP-059r Market Power in Electricity Markets: Beyond Concentration Measures
The wave of electricity market restructuring both within the United States and worldwide has brought the issue of horizontal market power to the forefront. Traditionally, estimation and prediction of market power has relied heavily on concentration measures. In this paper, we discuss the weaknesses of concentration measures as a viable measure of market power in the electricity industry, and we...
متن کاملPricing and Market Concentration in Oligopoly Markets
T paper investigates the relationship between prices and market concentration in the auto rental industry. We assemble an original database that includes the number of auto rental operators and other exogenous demand and cost conditions at every commercial airport in the country. The data are interesting because we observe a large variation in market structure, ranging from more than 100 monopo...
متن کاملAgent-Based Urban Land Markets
We present a new bilateral agent-based land market model, which moves beyond previous work by explicitly modeling behavioral drivers of land-market transactions on both the buyer and seller sides; formation of bid prices (of buyers) and ask prices (of sellers); and the relative division of the gains from trade from the market transactions. We analyze model output using a series of macro-scale e...
متن کاملMarket power in pollution markets
As with other commodity markets, markets for trading pollution permits have not been immune to market power concerns. In this paper, I survey the existing literature on market power in permit trading but also contribute with some new results and ideas. I start the survey with Hahn’s (1984) dominant-firm-fringe static model that I then extend to the case in which there are two or more strategic ...
متن کاملCan Time and Markets Eliminate Costly Land Ownership Inequality?*
___________ * This paper assembles and summarizes a number of the authors' writings. As such, it is indebted to a long list of individuals and institutions who have supported us over time. Particular thanks are due to the John D. and Catherine T. MacArthur Foundation and to the IRIS research program at the University of Maryland.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Review of Economic Studies
سال: 1978
ISSN: 0034-6527,1467-937X
DOI: 10.2307/2297253