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Identifying a dominant firm's market power among sellers of a homogeneous product: an application to Alcoa

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  • Sheng-Ping Yang

Abstract

This paper measures the extent of Alcoa's (dominant firm) market power in the post-war US aluminium industry. An indirect procedure that combines estimation of the fringe supply elasticity, market demand elasticity, and extant market share data generates the estimate of Alcoa's residual demand elasticity which infers the firm's market power. Results show that Alcoa's market power declines with fringe's expansion.

Suggested Citation

  • Sheng-Ping Yang, 2002. "Identifying a dominant firm's market power among sellers of a homogeneous product: an application to Alcoa," Applied Economics, Taylor & Francis Journals, vol. 34(11), pages 1411-1419.
  • Handle: RePEc:taf:applec:v:34:y:2002:i:11:p:1411-1419
    DOI: 10.1080/00036840110099270
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    1. Smith,George David, 1988. "From Monopoly to Competition," Cambridge Books, Cambridge University Press, number 9780521352611, March.
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    Cited by:

    1. Chen, Jiawei, 2009. "The effects of mergers with dynamic capacity accumulation," International Journal of Industrial Organization, Elsevier, vol. 27(1), pages 92-109, January.

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