CONDUCT IN SPATIAL MARKETS: AN EMPIRICAL ANALYSIS OF SPATIAL PRICING BEHAVIOR
作者:
Bruce L. Benson,
Merle D. Faminow,
Timothy J. Fik,
期刊:
Papers in Regional Science
(WILEY Available online 1992)
卷期:
Volume 71,
issue 1
页码: 15-30
ISSN:1056-8190
年代: 1992
DOI:10.1111/j.1435-5597.1992.tb01745.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
ABSTRACTAn empirical procedure for differentiating between organized and competitive spatial oligopoly (or oligopsony) is proposed. The procedure evaluates pricing behavior using a time series of short‐term price data from spatially dispersed locations. Cooperation is implied when price changes at one location are matched instantly at others. Unidirectional price matching arises under price leadership. On the other hand, competitive spatial oligopoly involves lags and feedbacks, as well as stronger relationships between prices in contiguous marketing areas than between prices in spatially separated marketing areas. The procedure is applied in the context of a recent Competition Act case against Canadian meat packer
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