Market Power

Over the last few years market power has been one ofthe most widely discussed issues in the Asian publicas many Asian countries began to establish theircompetition law. The target is to eliminate the costof market power the decrease of social welfare andthe increase of redistribution of wealth. Despite ofthis concern few studies have been taken toinvestigate market power in Asian countries. Thisbook therefore is expected to help fill the void.The Indonesian crude palm oil industry is chosen as acase study as it known as the largest CPO producerin the world. Details of the estimation procedure inmodeling and estimating market power are provided. In addition this book also presents a criticalreview of various market power models covering bothstatic and dynamic models. These procedure andreview will benefit students and researchers whostudy problems in market power. Finally this bookis concluded with several policy implications basedon estimation findings therefore they might beuseful as a reference for policy makers in addressingmarket power problems.