| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13671 |
| 来源ID | Working Paper 13671 |
| Trade Policy and Market Power: The Case of the US Steel Industry | |
| Bruce A. Blonigen; Benjamin H. Liebman; Wesley W. Wilson | |
| 发表日期 | 2007-12-14 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | A primary function of trade policy is to restrict imports to benefit the targeted domestic sector. However, a well-established theoretical literature highlights that the form of trade policy (e.g., quotas versus tariffs) can have a significant impact on how much trade policy affects firms' abilities to price above marginal cost (i.e., market power). The US steel industry provides an excellent example to study these issues, as it has received many different types of trade protection over the past decades. We model the US steel market and then use a panel of data on major steel products from 1980 through 2006 to examine the effects of various trade policies on the steel market. We find that the US steel market is very competitive throughout our sample with the exception of the period in which they received comprehensive voluntary restraint agreements (i.e., quotas) and were able to price substantially above marginal cost. All other forms of protection were in tariff form and had little effect on market power, consistent with prior theoretical literature on the nonequivalence of tariffs and quotas. We also find evidence that market power eroded over time in steel products where mini-mill producers gained sizeable market share, highlighting the role of technology in the market as well. |
| 主题 | International Economics ; Trade ; International Factor Mobility ; Industrial Organization ; Market Structure and Firm Performance ; Industry Studies |
| URL | https://www.nber.org/papers/w13671 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571349 |
| 推荐引用方式 GB/T 7714 | Bruce A. Blonigen,Benjamin H. Liebman,Wesley W. Wilson. Trade Policy and Market Power: The Case of the US Steel Industry. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13671.pdf（296KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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