haku: @indexterm Cost functions / yhteensä: 8
viite: 6 / 8
| Tekijä: | Lindquist, K.-G. |
| Otsikko: | The response by the Norwegian aluminium industry to changing market structure |
| Lehti: | International Journal of Industrial Organization
2001 : JAN, VOL. 19:1-2, p. 79-98 |
| Asiasana: | ALUMINIUM INDUSTRY PRODUCTS COST FUNCTIONS |
| Kieli: | eng |
| Tiivistelmä: | This paper analyses how changes in market structure have affected the margins (measured by the Lemer index) of Norwegian aluminium plants. Instead of showing the expected negative trend, due to increased competition internationally, the margins are found to move procyclically around a constant that significantly exceeds zero. Three explanations for this stability in the levels of the margins are identified; a better exploitation of scale economies, increased productivity and product specialization which allows Norwegian producer prices to increase more rapidly than the international reference price After the introduction, section 2 presents the estimated cost function, section 3 presents the analysis of the Norwegian producer prices, while section 4 presents the margins measured by the Lemer index. |
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