Estimación del poder de mercado en la industria del cobre de Estados Unidos

Andrés Luengo ()
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Andrés Luengo: Departamento de Administración de la Facultad de Ciencias Económicas y Administrativas de la Pontificia Universidad Javeriana, Colombia

Revista de Analisis Economico – Economic Analysis Review, 2019, vol. 34, issue 2, 23-52

Abstract: The study of the relationship between the structure of the industry and market power has been one of the most discussed topics in microeconomic literature. In this research, we focus on the “New Empirical Industrial Organization” (NEIO) approach and particularly on the models developed by Bresnahan (1982) and Lau (1982), and Porter (1983) to analyse the effect of several mergers and acquisitions that took place in the US copper Industry during the period 1994-2009 on market power. We found that although the industry was highly concentrated, the results suggest that mergers and acquisitions had no effect on market power and the industry remained competitive during this period.

Keywords: Market power; new empirical industrial organization; copper industry (search for similar items in EconPapers)
JEL-codes: D40 D43 L13 L61 L72 (search for similar items in EconPapers)
Date: 2019
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