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Market power and merger control in South Africa

Author

Listed:
  • C. Friedrich Kreuser
  • Michael Kilumelume
  • Rulof Burger

Abstract

We estimate structural, materials, and labour markups for the South African economy at the three-digit industry level for 2012-19. The fall in structural labour and materials markups found for the numerical majority of industries are generally isolated to smaller industries, with industries accounting for a higher proportion of sales generally experiencing smaller downward shifts. We show that materials-based markups are increasing over this period.

Suggested Citation

  • C. Friedrich Kreuser & Michael Kilumelume & Rulof Burger, 2024. "Market power and merger control in South Africa," WIDER Working Paper Series wp-2024-31, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2024-31
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    References listed on IDEAS

    as
    1. Daniel A. Ackerberg & Kevin Caves & Garth Frazer, 2015. "Identification Properties of Recent Production Function Estimators," Econometrica, Econometric Society, vol. 83, pages 2411-2451, November.
    2. Amit Gandhi & Salvador Navarro & David A. Rivers, 2020. "On the Identification of Gross Output Production Functions," Journal of Political Economy, University of Chicago Press, vol. 128(8), pages 2973-3016.
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