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Mergers and market power in the US steel industry

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  • Craig Gallet

Abstract

Studies of the relationship between market structure and market power continue to account for a large segment of the literature. The traditional structure-conduct-performance approach of analysing this issue has been criticized because of its lack of attention to industry-specific characteristic. Adopting an approach which focuses on a single industry, we use data on the US steel industry to analyse the effects of several mergers on the steel market power. Although our results show that market power in the steel industry has been falling in recent years, it does appear that two recent mergers did boost market power.

Suggested Citation

  • Craig Gallet, 1996. "Mergers and market power in the US steel industry," Applied Economics Letters, Taylor & Francis Journals, vol. 3(4), pages 221-223.
    • Handle: RePEc:taf:apeclt:v:3:y:1996:i:4:p:221-223
    DOI: 10.1080/758520868
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    Cited by:

    1. Ronchi, Loraine, 2006. "Fairtrade and market failures in agricultural commodity markets," Policy Research Working Paper Series 4011, The World Bank.
    2. Bisma Afzal Shah, 2019. "Shareholder Wealth Effects from Mergers and Acquisitions in the Indian Industry," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 10(1), pages 34-47, January.
    3. Ian Sheldon & Steve McCorriston, 2012. "Climate policy and border tax adjustments: Might industrial organization matter?," EconoQuantum, Revista de Economia y Finanzas, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 9(2), pages 7-28, Julio-Dic.
    4. Luigi Benfratello, 1999. "Beyond Profitability: Effects Of Acquisitions On Technical Efficiency And Productivity In The Italian Pasta Industry," CERIS Working Paper 199914, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    5. Otchere, Isaac & Abukari, Kobana, 2020. "Are super stock exchange mergers motivated by efficiency or market power gains?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 64(C).
    6. Bisma Afzal Shah & Khursheed Ahmad Butt, 2019. "A Case Study of Acquisition of Avon Organics Limited by Arch Pharmalabs Limited," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 10(2), pages 08-14, May.

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