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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP2898 |
DP2898 Ownership and Control of German Corporations | |
Julian Franks; Colin Mayer | |
发表日期 | 2001-07-23 |
出版年 | 2001 |
语种 | 英语 |
摘要 | Actual and potential competition is a powerful source of discipline on the pricing behavior of firms with market power. A simple model is developed that shows that the effects of import competition and domestic entry regulation on industry price-cost markups depend on country size. Barriers to domestic entry are predicted to have stronger anti-competitive effects in large countries, whereas the impact of barriers to foreign entry (i.e., imports) should be stronger in small countries. Following estimation of markups for manufacturing sectors in 41 developed and developing countries, these hypotheses are tested and cannot be rejected by the data. For example, although Italy and Indonesia impose the same number of regulations on entry of new firms, their impact on manufacturing markups is 20 percent higher in Italy due to its larger size. Similarly, Chile and Zimbabwe have the same import penetration ratio, but the market discipline effect of imports on markups is 13 percent higher in Zimbabwe due to its smaller size. |
主题 | International Trade and Regional Economics |
关键词 | Entry regulation Import penetration Industry markup Country size |
URL | https://cepr.org/publications/dp2898 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531935 |
推荐引用方式 GB/T 7714 | Julian Franks,Colin Mayer. DP2898 Ownership and Control of German Corporations. 2001. |
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