Market Power

Over the last few years, market power has been one of
the most widely discussed issues in the Asian public,
as many Asian countries began to establish their
competition law. The target is to eliminate the cost
of market power, the decrease of social welfare and
the increase of redistribution of wealth. Despite of
this concern, few studies have been taken to
investigate market power in Asian countries. This
book, therefore, is expected to help fill the void.
The Indonesian crude palm oil industry is chosen as a
case study, as it known as the largest CPO producer
in the world. Details of the estimation procedure in
modeling and estimating market power are provided.
In addition, this book also presents a critical
review of various market power models, covering both
static and dynamic models. These procedure and
review will benefit students and researchers who
study problems in market power. Finally, this book
is concluded with several policy implications based
on estimation findings, therefore, they might be
useful as a reference for policy makers in addressing
market power problems.

Autorentext

Dr Diana Chalil. Field of study: Market theory. Completed PhD atAgricultural and Resource Economics Discipline, The University ofSydney, Australia. Senior lecturer at Deparment of Agribusiness,University of Sumatera Utara, Indonesia. Consultant for"Marketing for Farmers " training.

Klappentext

Over the last few years, market power has been one ofthe most widely discussed issues in the Asian public,as many Asian countries began to establish theircompetition law. The target is to eliminate the costof market power, the decrease of social welfare andthe increase of redistribution of wealth. Despite ofthis concern, few studies have been taken toinvestigate market power in Asian countries. Thisbook, therefore, is expected to help fill the void.The Indonesian crude palm oil industry is chosen as acase study, as it known as the largest CPO producerin the world. Details of the estimation procedure inmodeling and estimating market power are provided. In addition, this book also presents a criticalreview of various market power models, covering bothstatic and dynamic models. These procedure andreview will benefit students and researchers whostudy problems in market power. Finally, this bookis concluded with several policy implications basedon estimation findings, therefore, they might beuseful as a reference for policy makers in addressingmarket power problems.