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Competizione sui mercati internazionali e misure del potere di mercato. Il caso dell'industria italiana dell'elettrodomestico

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  • Marco CUCCULELLI

    (Universit… Politecnica delle Marche, Dipartimento di Management ed Organizzazione Aziendale)

Abstract

Starting from the Baker-Bresanahan (1988) seminal paper, an extended version of their econometric technique is implemented for estimating the residual demand curve a group of exporters faces in a particular export market. The elasticity of the exporters' residual demand curve is identified by exchange rates shocks that rotate the supply relation of the exporters competitors located in other countries. I apply this approach to the measurement of market power of Italian "white goods" manufacturers in the European market. The main result is that the "residual demand approach" provides estimates of market power sufficiently consistent with other indicators of competition (i.e. market shares), even if results are not so clearcut when there is a role for product specificity and the geographical location of competitors.

Suggested Citation

  • Marco CUCCULELLI, 1999. "Competizione sui mercati internazionali e misure del potere di mercato. Il caso dell'industria italiana dell'elettrodomestico," Working Papers 118, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    • Handle: RePEc:anc:wpaper:118
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    File URL: http://docs.dises.univpm.it/web/quaderni/pdf/118.pdf
    File Function: First version, 1999
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    Citations

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    Cited by:

    1. Ugo FRATESI, 2003. "Innovation Diffusion and the Evolution of Regional Disparities," Working Papers 186, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    2. Nicola MATTEUCCI & Alessandro STERLACCHINI, 2003. "ICT and Employment Growth in Italian Industries," Working Papers 193, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.

    More about this item

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L68 - Industrial Organization - - Industry Studies: Manufacturing - - - Appliances; Furniture; Other Consumer Durables

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