Cyclical fluctuations and coordination in the US steel industry
AbstractThe model developed uses a measure of the discrepancy between price and marginal cost to estimate the effects of domestic demand fluctuations on the degree of oligopoly coordination in the US steel industry. Due to the importance of imports, however, domestic demand fluctuations occur whenever market demand and/or import supply shift. Consistent with several recent game-theoretic models, our results show that coordination among US steel producers tends to be weakest when market demand is high and import supply is low.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Applied Economics.
Volume (Year): 29 (1997)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://www.tandf.co.uk/journals/routledge/00036846.html
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Bruce Blonigen & Benjamin H. Liebman & Justin R. Pierce & Wesley W. Wilson, 2010.
"Are All Trade Protection Policies Created Equal? Empirical Evidence for Nonequivalent Market Power Effects of Tariffs and Quotas,"
NBER Working Papers
16391, National Bureau of Economic Research, Inc.
- Blonigen, Bruce A. & Liebman, Benjamin H. & Pierce, Justin R. & Wilson, Wesley W., 2013. "Are all trade protection policies created equal? Empirical evidence for nonequivalent market power effects of tariffs and quotas," Journal of International Economics, Elsevier, vol. 89(2), pages 369-378.
- Bruce Blonigen & Benjamin Liebman & Justin Pierce & Wesley Wilson, 2010. "Are All Trade Protection Policies Created Equal? Empirical Evidence for Nonequivalent Market Power Effects of Tariffs and Quotas," Working Papers 10-27, Center for Economic Studies, U.S. Census Bureau.
- Andrea Vaona, 2010. "A nonparametric panel data approach to the cyclical dynamics of price-cost margins," Kiel Working Papers 1580, Kiel Institute for the World Economy.
- Craig Gallet, 2001. "The Gradual Response of Market Power to Mergers in the U.S. Steel Industry," Review of Industrial Organization, Springer, vol. 18(3), pages 327-336, May.
- Bruce A. Blonigen & Benjamin H. Liebman & Wesley W. Wilson, 2007. "Trade Policy and Market Power: The Case of the US Steel Industry," NBER Working Papers 13671, National Bureau of Economic Research, Inc.
- Margaret C. Levenstein & Valerie Y. Suslow, 2002. "What Determines Cartel Success?," UMASS Amherst Economics Working Papers 2002-01, University of Massachusetts Amherst, Department of Economics.
- Berends, P.A.J. & Romme, A.G.L., 2001. "Cyclicality of capital-intensive industries: a system dynamics simulation study of the paper industry," Open Access publications from Maastricht University urn:nbn:nl:ui:27-19247, Maastricht University.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.