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dc.creatorDeodhar, Satish Y.en_US
dc.creatorSheldon, Ian M.en_US
dc.description.abstractMany studies have been carried out that measure welfare effects of the newly adopted common policy on banana imports by the European Community. All these studies assume that foreign trade in bananas is characterized by perfect competition. However, if foreign trade in bananas is imperfectly competitive in structure, then the welfare predictions about the common banana policy may turn out to be incorrect. It is necessary, therefore, to empirically estimate the degree at market imperfection in the banana market. In this paper, we estimate the degree of market imperfection in the German market for banana imports using a structural econometric model. Based on the bootstrap procedure, we reject the hypothesis that this market is perfectly competitive in structure, but cannot reject the hypothesis that firms are engaged in Cournot-Nash behavior.en_US
dc.format.extentPages: 22en_US
dc.publisherOhio State University. Department of Agricultural, Environmental, and Development Economicsen_US
dc.relation.ispartofseriesOhio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 2154en_US
dc.rightsThis item may be protected by copyright, and is made available here for research and educational purposes. The user is responsible for making a final determination of copyright status. If copyright protection applies, permission must be obtained from the copyright holder to reuse, publish, or reproduce the object beyond the bounds of Fair Use or other exemptions to the law.en_US
dc.titleIs Foreign Trade (Im)Perfectly Competitive?: An Analysis of the German Market for Banana Importsen_US
dc.type.genreWorking Paperen_US

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