Measuring Market Conduct in the Brazilian Cement Industry: a Dynamic Econometric Investigation

Rodrigo Zeidan and Marcelo Resende

No ECO2005/13, Economics Working Papers from European University Institute

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

JEL-codes: L11 L13 (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-bec, nep-com and nep-mic
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Citations: View citations in EconPapers (1)

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Journal Article: Measuring Market Conduct in the Brazilian Cement Industry: A Dynamic Econometric Investigation (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eui:euiwps:eco2005/13

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