Collusion or Competition? Inter-firm Relationships in the Chinese Auto Industry
2012/03/27
研討會日期 : 2012-03-27
時間 : 14:30
主講人 : Professor Wei-Min Hu
地點 : Conference Room B110
演講者簡介 : Wei-Min Hu received his Ph.D. in Economics from University of California, Davis. He is currently serving as Assistant Professor of Public Finance at National Chengchi University. His research field is in industrial economics and competition policy.
演講摘要 : The Chinese passenger-vehicle industry features a large number of manufacturers. Some of them are members of big corporate groups centered around state-owned enterprises. These corporate relationships may facilitate collusion. This paper applies the non-nested hypothesis test methodology to data on passenger vehicles to identify whether collusion exists within corporate groups or cross-groups. Our empirical results show that the Chinese passenger-vehicle industry is highly competitive: we find no within- or cross-group collusion. If within-group companies merge or collude, our simulation shows that indigenous manufacturers outside of corporate groups will gain market share, while corporate groups will lose.
