Concentration and market size: lower bound estimates for the Brazilian industry
AbstractThe paper estimates the lower bound for market concentration taking as reference the framework advanced by Sutton (1991). Quantile regression methods were considered in the context of the Brazilian manufacturing industry in 2005 and separate estimates were obtained for exogenous and endogenous sunk cost industries. The evidence favoured a convergence of the concentration lower bound towards zero in exogenous sunk costs industries in line with previous empirical evidence for developed countries. In contrast, the magnitude was similar in the case of endogenous sunk cost industries what might reflect the low technological effort in that emerging economy
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 29 (2009)
Issue (Month): 3 ()
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concentration market size;
Other versions of this item:
- Marcelo Resende, 2008. "Concentration and Market Size: Lower Bound Estimates for the Brazilian Industry," CESifo Working Paper Series 2441, CESifo Group Munich.
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
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- Schmalensee, Richard, 1989.
"Inter-industry studies of structure and performance,"
Handbook of Industrial Organization,
in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 2, chapter 16, pages 951-1009
- Schmalensee, Richard., 1987. "Inter-industry studies of structure and performance," Working papers 1874-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Kannebley, Sergio Jr. & Porto, Geciane S. & Pazello, Elaine Toldo, 2005. "Characteristics of Brazilian innovative firms: An empirical analysis based on PINTEC--industrial research on technological innovation," Research Policy, Elsevier, vol. 34(6), pages 872-893, August.
- Moshe Buchinsky, 1998. "Recent Advances in Quantile Regression Models: A Practical Guideline for Empirical Research," Journal of Human Resources, University of Wisconsin Press, vol. 33(1), pages 88-126.
- Gorg, Holger & Strobl, Eric & Ruane, Frances, 2000. " Determinants of Firm Start-Up Size: An Application of Quantile Regression for Ireland," Small Business Economics, Springer, vol. 14(3), pages 211-22, May.
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