A comparison of oligopoly welfare loss estimates for U.S. food manufacturing: comment. (response to E.V. Peterson, American Journal of Economics, vol.77, p. 300 , May, 1995) From: American Journal of Agricultural Economics | Date: August 1, 1996| Author: Bhuyan, Sanjib; Lopez, Rigoberto A. | COPYRIGHT 1996 American Agricultural Economics Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Peterson and Connor's analysis on oligopoly of welfare loss estimates for U.S. food manufacturing industry focused on comparing modern theories to structure-conduct-performance (SCP) methods of the 1960s and 70s. Their findings indicate a congruence in the rankings of welfare loss estimates in fifteen U.S. food industries. However, estimations of oligopoly welfare losses based on SCP- and Cournot-type models rule out antitrust targeting regardless of their rankings.

In the May 1995 is...