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Market Power, Economic Efficiency And The Lerner Index
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Market Power, Economic Efficiency And The Lerner Index

Book Details

Format Hardback or Cased Book
ISBN-10 9811285926
ISBN-13 9789811285929
Publisher World Scientific Publishing Co Pte Ltd
Imprint World Scientific Publishing Co Pte Ltd
Country of Manufacture GB
Country of Publication GB
Publication Date Apr 9th, 2024
Print length 148 Pages
Ksh 12,600.00
Werezi Extended Catalogue 0 in stock

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The book uses distance functions, a generalization of the more familiar production function, as the theoretical and empirical tools to construct Lerner indexes of market power in both the input and output markets. The use of distance functions enables us to explicitly account for the effects of firm inefficiency and price markups in the evaluation of market power. The book focusses on the theory and provides a menu of applications to construct measures of firm efficiency and market power in the financial and public sectors.

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