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| Author: | Ghosal, V. |
| Title: | Potential foreign competition in US manufacturing |
| Journal: | International Journal of Industrial Organization
2002 : DEC, VOL. 20:10, p. 1461-1490 |
| Index terms: | IMPORTS COMPETITION ANTITRUST POLICY MARKET STRUCTURE |
| Language: | eng |
| Abstract: | Trade barriers are falling and firms are competing in increasingly open international markets. The data reveal considerable heterogeneity across industries in the intertemporal path of import-shares. Against this backdrop, the authors focus on an issue that is increasingly important for competition policy analysis: 'potential' foreign competition. Inadequate attention to this aspect could result in a biased picture of total competition, leading to misguided antitrust decisions. Drawing on the conceptual framework outlined by Landes and Posner, the authors measure potential foreign competition by the intertemporal response of industry import-share to industry-specific and aggregate economic factors, and the authors' estimates indicate wide variation across industries in this dimension. |
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