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Monopoly: The Case of Egyptian Steel

Author

Listed:
  • Selim, Tarek

Abstract

The local steel industry in Egypt has been protected by high tariffs which were relaxed lately. The market is segmented according to steel type and there is a dominant steel producer acting as a monopoly in the market. Due to barriers to entry in the short run and the dominant market position of the monopoly, price elasticity became more demand inelastic. However, the dominant market player carries an innovative edge over his competitors.

Suggested Citation

  • Selim, Tarek, 2006. "Monopoly: The Case of Egyptian Steel," MPRA Paper 101417, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:101417
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    File URL: https://mpra.ub.uni-muenchen.de/101417/1/MPRA_paper_101417.pdf
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    Citations

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    Cited by:

    1. Ferdinand Eibl & Adeel Malik, 2016. "The Politics of Partial Liberalization: Cronyism and Non-Tariff Protection in Mubarak's Egypt," CSAE Working Paper Series 2016-27, Centre for the Study of African Economies, University of Oxford.
    2. El-Haddad, Amirah, 2020. "Redefining the social contract in the wake of the Arab Spring: The experiences of Egypt, Morocco and Tunisia," World Development, Elsevier, vol. 127(C).

    More about this item

    Keywords

    steel; oligopoly; monopoly; technology; barriers to entry; innovation; Egypt; elasticity; market dominance;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D42 - Microeconomics - - Market Structure, Pricing, and Design - - - Monopoly
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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