caa a22 4500 37890762X CHVBK 20180305123533.0 cr unu---uuuuu 161128e20041222xx s 000 0 eng 10.2202/1542-0485.1103 doi (NATIONALLICENCE)gruyter-10.2202/1542-0485.1103 Revisiting the Price Effects of Rising Concentration in U.S. Food Manufacturing [Elektronische Daten] [Vaughan A Dickson, Yingfeng Sun] This paper follows Lopez et al. (2002) by also focusing on the market power and efficiency consequences of increased concentration in U.S. food manufacturing industries. However, unlike these authors, who employed the techniques of the new empirical industrial organization to investigate increasing concentration, our approach is based on the older tradition of the structure-conduct-performance school. A consequence is our results turn out to be quite different. Unlike Lopez et al. (2002), efficiency effects dominate, meaning that the overall effect of rising concentration has been to lower prices. We suggest the difference is due to the inability of NEIO models, as presently constructed, to adequately deal with technological change, particularly technological change that applies to only a sub-set of firms. It is this kind of technological change that produces shifting advantages among firms and should be an important factor behind changes in concentration. ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston Market Structure nationallicence food industry nationallicence concentration nationallicence prices nationallicence costs nationallicence Dickson Vaughan A. University of New Brunswick aut Sun Yingfeng University of New Brunswick aut Journal of Agricultural & Food Industrial Organization De Gruyter 2/1(2004-12-22) 2:1 2004 2 jafio https://doi.org/10.2202/1542-0485.1103 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1542-0485.1103 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Dickson Vaughan A. University of New Brunswick aut NATIONALLICENCE 700 1- Sun Yingfeng University of New Brunswick aut NATIONALLICENCE 773 0- Journal of Agricultural & Food Industrial Organization De Gruyter 2/1(2004-12-22) 2:1 2004 2 jafio CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter