Market power and welfare loss
Carlos Merino Troncoso
MPRA Paper from University Library of Munich, Germany
I estimate welfare loss of market power using consumer loss variation. I estimate demand elasticity of certain goods known to suffer monopolistic power. Based in Urzúa's study I employ data from household expenditure survey of Spain and Deaton ́s methodology to estimate elasticities of demand using expenditure of households. We finally obtain distributive effects of market power in selected sectors.
Keywords: welfare loss; inequality; demand elasticity (search for similar items in EconPapers)
JEL-codes: D63 L4 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-ind and nep-ore
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