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Demsetz效率假說的再檢定—臺灣水泥業的分析

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摘要


本文重新研究Demsetz (1973)的效率說,發現其檢驗方法似乎不夠周延。以大小廠商利潤差距與集中度關係的檢定方式,有可能將勾結說的結果,誤判為支持效率說;也可能將不支持效率說的結果,誤認為支持效率說。進一步以台灣水泥產業時間序列資料為樣本,分析的結果證實本文的懷疑。

關鍵字

效率說 勾結說

並列摘要


This paper finds that Demsetz (1973) conducted a defected study in testing his own efficiency hypothesis, and thus decides to re-examine the issue. Using the inspected relationship between large-and-small-firm profit discrepancy and concentration ratio may mistakenly judge collusion results to be effieient, or completely reverse the verdict. This skepticism is supported by our empirical analysis employing time series data of Taiwan's cement industry.

參考文獻


Amato, L., Wilder, R. P.(1988).Market Concentration, Efficiency, and Antitrust Policy: Demsetz Revisited.Quarterly Journal of Business and Economics.24
Bain, J. S.(1951).Relation of Profit Rate to Industry Concentration: American Manufacturing, 1936-1940.Quarterly Journal of Economics.65
Bain, J. S.(1956).Barriers to New Competition.Cambridge, Mass:Harvard University Press.
Block, H.(1974).Advertising and Profitability: a Reappraisal.Journal of Political Economy.82

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