TecnoLógicas (Jun 2009)
Modelo Teórico para la Determinación del Poder de Mercado
Abstract
In this paper, a model about diagnosis and quantification the power monopoly in industrial sector is presented. This model is a variation the originally invented by Robert Hall, based on Solow’s residual. Robert Hall (1988) demostrated that the residual is independent of the growth of output/capital ratio in a competitive industry, but that under imperfect competition a positive correlation between the two variables appears.