Measuring the degree of collusive conduct in the Mexican manufacturing sector
The 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.
Volume (Year): 13 (1998)
Issue (Month): 2 ()
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- Matthew D. Shapiro, 1987.
"Measuring Market Power in U.S. Industry,"
NBER Working Papers
2212, National Bureau of Economic Research, Inc.
- Matthew D. Shapiro, 1987. "Measuring Market Power in U.S. Industry," Cowles Foundation Discussion Papers 828, Cowles Foundation for Research in Economics, Yale University.
- Domowitz, Ian & Hubbard, R Glenn & Petersen, Bruce C, 1988. "Market Structure and Cyclical Fluctuations in U.S. Manufacturing," The Review of Economics and Statistics, MIT Press, vol. 70(1), pages 55-66, February.
- Ian Domowitz & R. Glenn Hubbard & Bruce C. Petersen, 1986. "Market Structure and Cyclical Fluctuations in U.S. Manufacturing," NBER Working Papers 2115, National Bureau of Economic Research, Inc.
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