Salvo, Alberto - Suntory and Toyota International Centres for Economics … - 2004
-entry prices, cost and conduct are not identified from the comparative statics of equilibrium. In such a setting, the identifying … alternative hypotheses of conduct is shown to fail. The Brazilian cement industry, where the threat of imports restrains market … considerably biased downward, underestimating the degree of market power. A test of conduct is proposed, adapted to this …