Innovation and Market Structure: An Empirical Evaluation of the 'Bounds Approach

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dc.contributor.author Marín, Pedro L.
dc.contributor.author Siotis, Georgios
dc.contributor.other CEPR
dc.date.accessioned 2009-10-05T09:48:19Z
dc.date.available 2009-10-05T09:48:19Z
dc.date.issued 2002
dc.identifier.uri http://hdl.handle.net/10016/5366
dc.description.abstract This Paper empirically tests the ‘bounds approach’ to industry structure proposed by Sutton (1991, 1998). To carry out this task, we focus on the chemical industry. Part of the novelty in this exercise is that we work on the finest possible level of disaggregation. Also, we identify demand substitutability from direct industry sources. This allows us to carefully define markets, and identify R&D intensity for each of them. Our empirical specification allows us to simultaneously test the predictions of Sutton (1991) and Sutton (1998). Our results provide strong support to Sutton’s theoretical framework.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Working paper
dc.relation.ispartofseries 3162
dc.subject.other bounds approach
dc.subject.other chemical industry
dc.subject.other innovation and market structure
dc.title Innovation and Market Structure: An Empirical Evaluation of the 'Bounds Approach
dc.type workingPaper
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
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