Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/26486
Authors: 
Resende, Marcelo
Year of Publication: 
2008
Series/Report no.: 
CESifo working paper 2441
Abstract: 
The paper estimates the lower bound for market concentration taking as reference the framework advanced by Sutton (1991). Quantile regression methods were considered in the context of the Brazilian manufacturing industry in 2005 and separate estimates were obtained for exogenous and endogenous sunk cost industries. The evidence favoured a convergence of the concentration lower bound towards zero in exogenous sunk costs industries in line with previous empirical evidence for developed countries. In ontrast, the magnitude was similar in the case of endogenous sunk cost industries what might reflect the low technological effort in that emerging economy.
Subjects: 
Concentration
market size
JEL: 
L11
Document Type: 
Working Paper

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