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Title:Concentration and market size: lower bound estimates for the Brazilian industry PDF Logo
Authors:Resende, Marcelo
Issue Date: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.
market size
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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