全球智库信息集成服务系统(G2TT): DP3586 Strategic Behaviour and Underpricing in Uniform Price Auctions: Evidence from Finnish Treasury Auctions

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP3586
	DP3586 Strategic Behaviour and Underpricing in Uniform Price Auctions: Evidence from Finnish Treasury Auctions
	Kristian Rydqvist; Kjell Nyborg; Matti Keloharju
发表日期	2002-10-20
出版年	2002
语种	英语
摘要	This paper empirically tests the effects of Anti-Dumping (AD) protection on the price-cost margin of firms. To this end, we use a rich panel data set of 1,666 EU producers that were involved in AD cases initiated in 1996. Our findings indicate that price-cost margins in most cases significantly increase in the period of protection compared to a period before protection. In industries where competition is very tough before protection, we fail to find an increase in price-cost margins, while in industries with positive mark-ups before protection, trade policy raises market power between 3% points and 15% points, depending on the sector. Our results are robust to alternative specifications and estimation techniques. Our findings are also consistent with recent theoretical models that deal with the economic effects of firm behavior in response to AD protection.
主题	International Trade and Regional Economics
关键词	market power Price-cost markups Antidumping cases European producers
URL	https://cepr.org/publications/dp3586
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/532593
推荐引用方式 GB/T 7714	Kristian Rydqvist,Kjell Nyborg,Matti Keloharju. DP3586 Strategic Behaviour and Underpricing in Uniform Price Auctions: Evidence from Finnish Treasury Auctions. 2002.