Pass-through in a concentrated industry: empirical evidence and regulatory implications.
We estimate pass-through with 30 years of data from the portland cement industry. Robust econometric evidence supports that fuel cost changes are more than fully transmitted downstream in the form of price changes. This validates an implicit pass-through assumption made in recent academic research a...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 48; no. 1; pp. 69 - 94 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
Spring2017
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=121147685&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 121147685 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 07416261 56RJ jtl: RAND Journal of Economics (Wiley-Blackwell) issn: 07416261 maglogo: Y pubinfo: dt: Spring2017 vid: 48 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 121147685 10.1111/1756-2171.12168 ppf: 69 ppct: 25 formats: fmt: – @attributes: type: T – @attributes: type: P size: 386KB tig: atl: Pass-through in a concentrated industry: empirical evidence and regulatory implications. aug: au: Miller, Nathan H. Osborne, Matthew Sheu, Gloria affil: Georgetown University University of Toronto Department of Justice su: Econometrics Prices Portland cement industry Atmospheric carbon dioxide Emissions (Air pollution) Cement Fuel costs sug: subj: Econometrics Prices Other specialty-line building supplies merchant wholesalers Cement Manufacturing Fuel Dealers Other fuel dealers Portland cement industry Atmospheric carbon dioxide Emissions (Air pollution) Cement Fuel costs ab: We estimate pass-through with 30 years of data from the portland cement industry. Robust econometric evidence supports that fuel cost changes are more than fully transmitted downstream in the form of price changes. This validates an implicit pass-through assumption made in recent academic research and regulatory analyses. We combine the econometric results with estimates of competitive conduct obtained from the literature to evaluate the incidence of market-based CO regulation. Producers bear roughly 11% of the regulatory burden and could be compensated with 16% of the revenues obtained. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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