Testing for Imperfect Competition at the Fulton Fish Market
研究纽约富尔顿鱼市场不同买家支付的价格差异,发现亚洲买家购买鳕鱼时比白人买家便宜7%,表明该市场并非完全竞争。
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.