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Multifactor
Productivity in
the Construction Industry Under Imperfect Competition --
Apostolos
Bantekas
The
present study suggests a generalization of the standard
translog cost function model, incorporating the demand side
of the market into the analysis. The main advantage of this
generalized model is that it can be used to directly investigate
the degree of monopoly power in the market under study,
using the Lerner index as the empirical measure of market
power.
©
2008 The Icfai University Press. All Rights Reserved.
Economic
Reforms and Productivity Growth in Indian Manufacturing
Sector: An Interstate Analysis --
Vani
Arora and Parminder Singh
This
paper analyzes the trends in productivity growth in the
Indian manufacturing industry before and after the introduction
of economic reforms. The inception of economic reforms signalled
the liberalization of Indian industry from the earlier `License
Raj' as also from many other restrictions. Liberalization
implies a movement towards the establishment of a competitive
market system with optimum resource allocation.
©
2008 The Icfai University Press. All Rights Reserved.
The
Market Share Volatility as Indication of Collusive Behavior
--
Christian
Lorenz
Effectively
fighting cartels requires that cartels be discovered. Economic
theory gives some behavioral patterns that are indicative
of collusion and allow the distinction between collusion
and competition, and can serve to screen industries to determine
whether they are worthy of more intense investigation. This
paper focuses on market shares as an indicator of collusive
behavior.
©
2008 The Icfai University Press. All Rights Reserved.
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