Abstract
The mark-up test (Bresnahan, 1982; Lau, 1982) is adopted to examine the competitive behavior in Taiwan’s international tourist hotel industry. The most important findings are that the industry was operating in a competitive environment, and that the average international tourist hotel had no market power to affect the market price over the study period (1981 - 2006). The “lack of market power” finding is consistent with the industry’s low profit and occupancy rates observed and supported by the increasingly competitive industrial structure and the frequent occurrences of entry into and exit from the industry during the study period. Key words: Markup test, newly empirical industrial organization (NEIO), H-statistic, structure-conduct-performance (SCP), international tourist hotel industry (ITHI).
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