Did US Safeguard Protection on Steel Affect Market Power of European Steel Producers?
نویسنده
چکیده
This paper examines externalities of safeguard protection. We identify a panel of 2,241 European steel producers between 1995 and 2004. Using the Roeger (1995) methodology, our findings indicate a decrease in price mark-ups of European steel producers in the period of US safeguard protection. Mark-ups are decreasing with import penetration and the level of the safeguard tariffs. The responsiveness of price mark-ups is shown to be larger for more diversified than for less diversified firms. Our study implies that safeguard policies may exert a disciplining effect on market power of foreign producers and as such need to be considered jointly with antidumping and competition policies.
منابع مشابه
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