Measuring market conduct in the Brazilian cement industrya dynamic econometric investigation

Resumo

Indirect assessments of market conduct have become widespread in the New Empirical Industrial Organization-NEIO literature. Recently, Steen and Salvanes (1999, Int J Ind Organ 17:147-177) provided a flexible dynamic econometric formulation of the approach advanced by Bresnahan (1982, Econ Lett 19:87-92) and Lau (1982, Econ Lett 10:93-99). The present paper considers a similar approach applied to regional cement markets in Brazil under more favorable data availability, and attempts to address part of the concerns that usually emerge with respect to the NEIO literature. In particular, issues pertaining to structural stability and the control for the number of competing firms are addressed. The evidence clearly indicates non-negligible and distinct market power in different regions and also distinct conduct patterns in the short and long run.

Ficha do documento

Tipo

Artigo científico

Ano

2009

Instituição

Springer

Fonte

Repositório da FGV

Idioma

Inglês

Acesso

Acesso restrito

DOI

10.1007/s11151-009-9209-0

Identificador

oai:repositorio.fgv.br:10438/23136

Temas

EconomiaDesenvolvimento RegionalDesenvolvimento Econômico

Palavras-chave

New empirical industrial organizationError-correction mechanismCement marketOligopoly solution conceptEconomiaCimento - Indústria - BrasilEconometria