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

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  • Andrés Luengo

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

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.

Suggested Citation

  • Andrés Luengo, 2019. "Estimación del poder de mercado en la industria del cobre de Estados Unidos," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 34(2), pages 23-52, October.
    • Handle: RePEc:ila:anaeco:v:34:y:2019:i:2:p:23-52
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    More about this item

    Keywords

    Market power; new empirical industrial organization; copper industry;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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