Measuring the degree of collusive conduct in the Mexican manufacturing sector
AbstractThe paper estimates the degree of collusive conduct in the Mexican manufacturing industries by estimating the degree of market power of a representative firm in an industry. Similarly to Hall (1988), the identification assumption for the degree of market power is that total factor productivity growth is not procyclical. To measure the degree of collusive conduct, the paper estimates the market elasticity of demand by exploiting a covariance restriction between demand shocks and productivity shocks, Shapiro (1987). The degree of collusive conduct is obtained by calculating the ratio between the representative firms elasticity of demand and the market elasticity of demand.
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Bibliographic InfoArticle provided by El Colegio de México, Centro de Estudios Económicos in its journal Estudios Económicos.
Volume (Year): 13 (1998)
Issue (Month): 2 ()
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- Alejandro Castañeda, 2003. "Mexican manufacturing markups: procyclical behavior and the impact of trade liberalization," Economia Mexicana NUEVA EPOCA, , vol. 0(2), pages 209-230, July-Dece.
- Jose A. Murillo & Sara G. Castellanos, 2004. "Inflation Dynamicsâ€™ Micro Foundations: How Important is Imperfect Competition Really?," Econometric Society 2004 Latin American Meetings 78, Econometric Society.
- Alejandro Castañeda Sabido, 2002. "Electricity, Highways and Manufacturing Growth: A Cost Based Estimate," Economia Mexicana NUEVA EPOCA, , vol. 0(1), pages 59-77, January-J.
- Alejandro Castañeda & Pablo Cotler & Octavio Gutiérrez, 2000. "The Impact of Infrastructure on Mexican Manufacturing Growth," Economia Mexicana NUEVA EPOCA, , vol. 0(2), pages 143-164, July-Dece.
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