Abstract
An application of the Panzar and Rosse test (1987) for market structure, which utilizes analysis of reduced form revenue equations, indicates that the trucking industry is not in long-run perfectly competitive equilibrium. Unfortunately, the test is ambiguous whether this is due to competitive disequilibrium or the existence of market power. -Author
| Original language | English (US) |
|---|---|
| Pages (from-to) | 135-144 |
| Number of pages | 10 |
| Journal | Logistics & Transportation Review |
| Volume | 31 |
| Issue number | 2 |
| State | Published - Jan 1 1995 |
ASJC Scopus subject areas
- General Environmental Science
- General Earth and Planetary Sciences