Testing for Imperfect Competition at the Fulton Fish Market
In this article, I report the results of a study of the prices paid by individual buyers at the Fulton fish market in New York City. In principle, this is a highly competitive market in which there should be no predictable price differences across customers who are equally costly to service. The res...
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| Veröffentlicht in: | The Rand journal of economics 1995-04, Vol.26 (1), p.75-92 |
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| creator | Graddy, Kathryn |
| description | In this article, I report the results of a study of the prices paid by individual buyers at the Fulton fish market in New York City. In principle, this is a highly competitive market in which there should be no predictable price differences across customers who are equally costly to service. The results indicate that different buyers pay different prices for fish of identical quality. For example, Asian buyers pay 7% less for whiting than do white buyers, a result which is inconsistent with the model of perfect competition. |
| doi_str_mv | 10.2307/2556036 |
| format | Article |
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| ispartof | The Rand journal of economics, 1995-04, Vol.26 (1), p.75-92 |
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| language | eng |
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| source | RePEc; Periodicals Index Online; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing |
| subjects | Average prices Cash Competition Customers Economic models Ethnicity Fish Fish markets Imperfect competition Linear regression Market prices New York Price differentiation Price discrimination Price variance Regression coefficients Statistical analysis Studies U.S.A Variable coefficients |
| title | Testing for Imperfect Competition at the Fulton Fish Market |
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