复旦大学现代产业经济学系列讲座第143期

时间：2017年4月25日（周二） 13:30-15:00

地点：思源楼326室

主持人： 龚冰琳 副教授

主题：Market Power and Home Market Advantage: Evidence from the Chinese Automobile Industry

主讲人：谭诗羽（复旦大学管理学院产业经济学系博士生）

摘要：Home market advantage, where domestic firms usually enjoy higher shares/sales in local markets, has been found in many industries. We investigate the interaction between home market advantage and market power using a cross section of new car registration in China in 2012. We estimate an equilibrium oligopoly price model with consumer choice data. We find that demand is more elastic for home products on average despite a consistently stronger preference for them. We also find substantial cost advantage for local manufacturers. We use our estimates to quantify the contributions of price, preference and cost drivers for home advantage and show that ignoring the price effect would generate inaccurate predictions on market outcomes.