Estimación del poder de mercado en la industria del cobre de Estados Unidos

  • Andrés Luengo Departamento de Administración de la Facultad de Ciencias Económicas y Administrativas de la Pontificia Universidad Javeriana

Abstract

The study of the relationship between the structure of the industry and market power has been one of the most discussed topics in microeconomic literature. In this research, we focus on the “New Empirical Industrial Organization” (NEIO) approach and particularly on the models developed by Bresnahan (1982) and Lau (1982), and Porter (1983) to analyse the effect of several mergers and acquisitions that took place in the US copper Industry during the period 1994-2009 on market power. We found that although the industry was highly concentrated, the results suggest that mergers and acquisitions had no effect on market power and the industry remained competitive during this period.

Author Biography

Andrés Luengo, Departamento de Administración de la Facultad de Ciencias Económicas y Administrativas de la Pontificia Universidad Javeriana
Andrés Luengo is a third year PhD student at University of Southampton, United Kingdom. Andres’ research interests are topics in empirical industrial organization and applied microeconomics. He also holds a M.Sc. in Applied Economics fromUniversitat Autònoma de Barcelona, Spain.
Published
2019-10-27
How to Cite
Luengo, A. (2019). Estimación del poder de mercado en la industria del cobre de Estados Unidos. Economic Analysis Review, 34(2), 23-52. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/406
Section
Articles