Is the consumer sector competitive in the U.K.? a test using household-level demand elasticities and firm-level price equations

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dc.contributor.authorNAERCIO AQUINO MENEZES FILHO
dc.coverage.cidadeNão informadopt_BR
dc.coverage.paisEstados Unidospt_BR
dc.date.accessioned2022-11-01T00:41:24Z
dc.date.available2022-11-01T00:41:24Z
dc.date.issued2005
dc.description.otherThis article tests the hypothesis of perfect competition in the consumer nondurables sector of the U.K. economy. First, it uses household-level data to estimate time-varying price elasticities of demand for disaggregated commodity groups. U.S. product prices are used as instruments for U.K. prices in the demand equation. Then it matches the product definitions to the Standard Industry Classification and uses firm-level data, combined with the estimated elasticities, to estimate a price model of firms operating in different industries. Household characteristics are used as instruments for the demand effects in the firms’ supply equation. The results reject perfect competition and appear to be consistent with the argument that less competition increases profits through collusion.pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.doi10.1198/073500104000000514pt_BR
dc.identifier.issue3pt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/4597
dc.identifier.volume23pt_BR
dc.language.isoInglêspt_BR
dc.publisherAmerican Statistical Associationpt_BR
dc.relation.ispartofJournal of Business & Economic Statisticspt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.pt_BR
dc.subject.keywordsCompetitionpt_BR
dc.subject.keywordsConsumer behaviorpt_BR
dc.subject.keywordsDemographicspt_BR
dc.subject.keywordsIdentificationpt_BR
dc.subject.keywordsProfitabilitypt_BR
dc.titleIs the consumer sector competitive in the U.K.? a test using household-level demand elasticities and firm-level price equationspt_BR
dc.typejournal article
dspace.entity.typePublication
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeArtigo Científicopt_BR
relation.isAuthorOfPublicationf6aa41b4-c778-4302-9674-af120c85cc97
relation.isAuthorOfPublication.latestForDiscoveryf6aa41b4-c778-4302-9674-af120c85cc97
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