Development and construction of a competitive model of the Russian market of ferrous and non-ferrous metals

Разработка и построение конкурентной модели российского рынка черных и цветных металлов

Kaukin, Andrey (Каукин, Андрей) () and Pavel Pavlov
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Kaukin, Andrey (Каукин, Андрей): The Russian Presidential Academy of National Economy and Public Administration

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: A methodology for assessing the level of market power of metallurgical products producers was deveoped in the paper with the use of aggregated industry-level data. The first chapter of the paper presents an overview of theoretical and empirical approaches to modeling competition and assessing the level of market power in the metallurgical products market. The second chapter presents the characteristics of the Russian ferrous and non-ferrous metals markets. The third chapter describes the characteristics of the database, which was used to estimate the demand-supply system for metallurgical products market. The fourth chapter presents the results of econometric estimates of the level of market power in the market of ferrous and non-ferrous metals (the latter is examined on the example of products of the aluminum industry).

Keywords: ferrous metals; non-ferrous metals; competition models; level of market power; demand function; supply function; arbitrage limits; micro-level data; industry-level data. (search for similar items in EconPapers)
Pages: 66 pages
Date: 2019-06
New Economics Papers: this item is included in nep-cis, nep-com and nep-tra
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