Measuring the intensity of competition in export markets

• 成果类型: Article
• 署名作者: Goldberg, PK; Knetter, MM
• 署名单位: Dartmouth College; Dartmouth College; Princeton University; National Bureau of Economic Research
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(98)00015-4
• 发表日期: 1999
• 页码: 27-60
• 关键词: competition; expert markets; market power; price; DISCRIMINATION; Exchange rates

摘要

This paper develops an approach to measuring the intensity of competition in international markets using readily available data on destination-specific values and quantities of exports at the seven-digit industry level. The intensity of competition a group of exporters faces in a particular export market is measured by the residual demand elasticity the group faces. This elasticity is identified by exchange rate shocks which rotate the supply relation of the source-country export group relative to competitors located in other countries. We apply this method to German exports of beer and US exports of linerboard paper. The resulting estimates of market power appear to be plausible and consistent with other indicators of competition (e.g, market shares, the number of competitors), providing support for the applicability of our framework in measuring competition in international, markets. (C) 1999 Elsevier Science B.V.