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Equilibrio en un mercado oligopólico con una firma dominante en el mercado de las tarjetas de pago
[Equilibrium in an oligopoly market with a dominant firm in the payment card market]

Author

Listed:
  • Escobar Elexpuru, Gonzalo

    (Universidad Andrés Bello)

  • Valdés de la Fuente, Iván

    (Universidad de Tarapacá (Chile))

Abstract

El objetivo del presente trabajo es validar la existencia de poder de mercado ejercido por una firma integrada verticalmente en el mercado de procesamiento de operaciones realizadas mediante tarjetas de pago. La metodología usada se basa en el análisis de la variación de ese indicador como resultado de la potencial entrada de una franja de firmas en el mercado de la afiliación de comercios, lo que presiona a un mayor nivel de competencia distribuidor en la industria. Para lograr lo anterior, se utiliza como modelo a seguir una estructura oligopólica donde hay una empresa líder y una franja de empresas que compiten con esta, es decir, el trabajo está basado en un juego a la Stackelberg, buscando una estimación econométrica de forma indirecta a través de la elasticidad de demanda residual. Como resultado es que se obtiene para el periodo comprendido entre enero de 2013 a mayo de 2020, un poder de mercado que evoluciona de forma directa con la cuota de mercado de la firma líder del mercado, siendo los niveles igual a 1.14% a 114.35%, siendo este último valor el que predomina en la práctica en dicho mercado.

Suggested Citation

  • Escobar Elexpuru, Gonzalo & Valdés de la Fuente, Iván, 2022. "Equilibrio en un mercado oligopólico con una firma dominante en el mercado de las tarjetas de pago [Equilibrium in an oligopoly market with a dominant firm in the payment card market]," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 33(1), pages 74-92, June.
    • Handle: RePEc:pab:rmcpee:v:33:y:2022:i:1:p:74-92
    DOI: https://doi.org/10.46661/revmetodoscuanteconempresa.5567
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    References listed on IDEAS

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    More about this item

    Keywords

    integración vertical; mercado de dos lados; poder de mercado; vertical integration; two-sided market; market power;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation

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