Markup and market power in the Malaysian manufacturing industries.
This article examines the market power in 3-digit Malaysian manufacturing industries, using cross-sectional data. Measure of market power is one of the primary concerns of industrial organization economics, because it can provide valuable information for the design of public policy towards monopoly...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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IUP Publications
2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/15552/1/Markup%20and%20market%20power%20in%20the%20Malaysian%20manufacturing%20industries.pdf |
| _version_ | 1825945643529535488 |
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| author | Hassan, Azman Samsi, Aznita Law, Siong Hook Mohamed Noor, Norashidah |
| author_facet | Hassan, Azman Samsi, Aznita Law, Siong Hook Mohamed Noor, Norashidah |
| author_sort | Hassan, Azman |
| collection | UPM |
| description | This article examines the market power in 3-digit Malaysian manufacturing industries, using cross-sectional data. Measure of market power is one of the primary concerns of industrial organization economics, because it can provide valuable information for the design of public policy towards monopoly and anti-competitive parties. Markup ratio of price over marginal cost is an indicator for assessing the degree of market power. Hall's model was applied to document the disparity between price and marginal cost. The results indicated that the Malaysian manufacturing industries at 3-digit level have market power, and are thus in need of a competitive policy to check the abuse of market power. |
| first_indexed | 2024-03-06T07:34:41Z |
| format | Article |
| id | upm.eprints-15552 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:34:41Z |
| publishDate | 2008 |
| publisher | IUP Publications |
| record_format | dspace |
| spelling | upm.eprints-155522015-09-17T00:19:47Z http://psasir.upm.edu.my/id/eprint/15552/ Markup and market power in the Malaysian manufacturing industries. Hassan, Azman Samsi, Aznita Law, Siong Hook Mohamed Noor, Norashidah This article examines the market power in 3-digit Malaysian manufacturing industries, using cross-sectional data. Measure of market power is one of the primary concerns of industrial organization economics, because it can provide valuable information for the design of public policy towards monopoly and anti-competitive parties. Markup ratio of price over marginal cost is an indicator for assessing the degree of market power. Hall's model was applied to document the disparity between price and marginal cost. The results indicated that the Malaysian manufacturing industries at 3-digit level have market power, and are thus in need of a competitive policy to check the abuse of market power. IUP Publications 2008-11 Article NonPeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/15552/1/Markup%20and%20market%20power%20in%20the%20Malaysian%20manufacturing%20industries.pdf Hassan, Azman and Samsi, Aznita and Law, Siong Hook and Mohamed Noor, Norashidah (2008) Markup and market power in the Malaysian manufacturing industries. ICFAI Journal of Industrial Economics, 5 (4). pp. 28-36. ISSN 0972-9208 |
| spellingShingle | Hassan, Azman Samsi, Aznita Law, Siong Hook Mohamed Noor, Norashidah Markup and market power in the Malaysian manufacturing industries. |
| title | Markup and market power in the Malaysian manufacturing industries. |
| title_full | Markup and market power in the Malaysian manufacturing industries. |
| title_fullStr | Markup and market power in the Malaysian manufacturing industries. |
| title_full_unstemmed | Markup and market power in the Malaysian manufacturing industries. |
| title_short | Markup and market power in the Malaysian manufacturing industries. |
| title_sort | markup and market power in the malaysian manufacturing industries |
| url | http://psasir.upm.edu.my/id/eprint/15552/1/Markup%20and%20market%20power%20in%20the%20Malaysian%20manufacturing%20industries.pdf |
| work_keys_str_mv | AT hassanazman markupandmarketpowerinthemalaysianmanufacturingindustries AT samsiaznita markupandmarketpowerinthemalaysianmanufacturingindustries AT lawsionghook markupandmarketpowerinthemalaysianmanufacturingindustries AT mohamednoornorashidah markupandmarketpowerinthemalaysianmanufacturingindustries |