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¿Concentración sin poder del mercado? Un caso de estudio aplicado al sector fabricación de colchones en el Ecuador

Author

Listed:
  • Luciano David Altamirano Espíndola

    (Facultad de Contabilidad y Auditoría. Universidad Técnica de Ambato. Ecuador.)

  • Lilian Victoria Morales Carrasco

    (Facultad de Contabilidad y Auditoría. Universidad Técnica de Ambato. Ecuador.)

  • Nelson Rodrigo Lascano

    (Facultad de Contabilidad y Auditoría. Universidad Técnica de Ambato. Ecuador.)

Abstract

The purpose of this research is to establish the market structure of the mattress manufacturing industry of Ecuador and the relationships between the concentration, local market prices, exchange rate, and profitability variables. A simultaneous equations regression model of partial three-stage least squares (3SLS) with information of the companies with the largest market share in the sector has been used. Market concentration has been calculated using the Herfindahl-Hirschman Index. The main results show that there is an imperfect market structure and that market share affects the profitability of the oligopoly. In turn, the oligopoly fails to exercise market power due to the competitiveness in the prices of imported mattresses.

Suggested Citation

  • Luciano David Altamirano Espíndola & Lilian Victoria Morales Carrasco & Nelson Rodrigo Lascano, 2020. "¿Concentración sin poder del mercado? Un caso de estudio aplicado al sector fabricación de colchones en el Ecuador," Revista Ciencias Administrativas (CADM), IIA, Universidad Nacional de La Plata, Instituto de Investigaciones Administrativas, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, issue 15, pages 65-74, January-J.
    • Handle: RePEc:lap:recadm:117
    DOI: 10.24215/23143738e056
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    More about this item

    Keywords

    market concentration; market structure; Herfindahl Index; mattress industry; market power.;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L68 - Industrial Organization - - Industry Studies: Manufacturing - - - Appliances; Furniture; Other Consumer Durables

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