PANZAR AND ROSSE STYLE TESTS OF MARKET STRUCTURE IN THE U.S. MOTOR CARRIER INDUSTRY By
نویسنده
چکیده
Panzar and Rosse tests for market structure, utilizing analysis of reduced form revenue equations, indicate that the trucking industry is not in long-run perfectly competitive equilibrium. However, it is ambiguous whether this is due to competitive disequilibrium or the existence of market power.
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