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Market Power in Manufacturing and Services Industries

Author

Listed:
  • Leonor Mesquita

    (Univ Coimbra, Faculty of Economics)

  • Carlos Carreira

    (Univ Coimbra, CeBER, Faculty of Economics)

  • Rita Martins

    (Univ Coimbra, CeBER, Faculty of Economics)

Abstract

This study analyzes the extent of the market power of the manufacturing and services industries in Portugal over the last decade. The results show that Portuguese industries are mostly operating under imperfect competition. Mark-ups are heterogeneous across industries, with services having higher mark-ups on average than manufacturing. The apparel and the administrative activities industries have the highest mark-ups; in turn, the food and the beveragesindustries have the lowest mark-ups, while the rubber and plastics industry seems to operate under competitive conditions. There is therefore room for improving product market com-petition in Portugal.

Suggested Citation

  • Leonor Mesquita & Carlos Carreira & Rita Martins, 2022. "Market Power in Manufacturing and Services Industries," Notas Económicas, Faculty of Economics, University of Coimbra, issue 55, pages 99-112, December.
    • Handle: RePEc:gmf:journl:y:2022:i:55:p:99:112
    DOI: 10.14195/2183-203X_55_4
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    References listed on IDEAS

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    More about this item

    Keywords

    Mark-up ratio; Market power; Manufacturing; Services; Portugal.;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection

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