Cláudio Ribeiro de Lucinda

The Market Impact and the Cost of Environmental Policy: Evidence from the Swedish Green Car Rebate

We quantify the effects of the Swedish GCR, a program to reduce oil dependence and greenhouse gas emissions in the automobile industry. We find the GCR to increase the market shares of `green cars and its cost to be

Competition in the Brazilian loan market: an empirical analysis

109/tonCO2 saved, thus 5 times the price of an emission permit. Since the main green cars in Sweden are FFVs (flexible-fuel vehicles), which can switch between petrol (gasoline) and ethanol, we also account for fuel choice, which increases the cost of the program. Finally, we show that consumers would have purchased FFVs regardless of the rebate provided by the GCR.

Hedonic analysis of cell phones sold with post-paid service plans in Brazil

The aim of this paper is to review some of the existing tests for competition in Brazilian banking, as well as to propose an alternative. After the description of the institutional setting of the Brazilian Banking system on this period, the competition tests on the literature were reviewed, beginning with the test proposed by Panzar and Rosse (1987). The market does not seem to be in long-run equilibrium, implying only the market does not seem to find itself in collusive outcome. The next step was to try a new methodology, applied by Moreno, Martinez and Ruiz (2006) for the Spanish banking market. On this methodology, in which the assumption of equality of conduct parameters between firms and time periods is relaxed, the results indicate that, for some firms and in some time periods, a cooperative conduct in fact is present.

Quão imperfeita é a competição na indústria brasileira?: estimativas de mark up setorial entre 1996 e 2007

El objetivo de este articulo es analizar los determinantes de los precios de los aparatos celulares vendidos con planes de servicio, usando la metodologia de precios hedonicos. Con esa finalidad, fue construida una base de datos que comprende 48 modelos de aparatos, en nueve categorias de planes de servicio, durante 53 semanas en 2008, con 27 atributos diferentes que totalizan casi 300.000 registros de datos. Los resultados indican que el valor de la suscripcion mensual y de los minutos de llamadas es importante para explicar los precios del aparato. Ademas, tanto el volumen fisico como el numero de megapixels de una camara tienen efecto sobre los precios. Cuanto mayor el aparato, mas barato es, y cuantos mas megapixels la camara posee, mas caro es el aparato. Otra verificacion es que en 2008 las operadoras brasilenas subsidiaron celulares habilitados con conexion de datos.The aim of this paper is to analyze the determining factors for the pricing of handsets sold with service plans, using the hedonic price method. This was undertaken by building a database comprising 48 handset models, under nine different service plans, over a period of 53 weeks in 2008, and resulted in 27 different attributes and a total number of nearly 300,000 data registers. The results suggest that the value of monthly subscriptions and calling minutes are important to explain the prices of handsets. Furthermore, both the physical volume and number of megapixels of a camera had an effect on the prices. The bigger the handset, the cheaper it becomes, and the more megapixels a camera phone has, the more expensive it becomes. Additionally, it was found that in 2008 Brazilian phone companies were subsidizing enabled data connection handsets.

Análisis hedónico de celulares vendidos con plan de servicio pospago en Brasil

The use of productivity measures based on the assumption of perfect competition to evaluate public policies can lead to incorrect conclusions about them. In this sense, the present research aims to analyze how far from perfect competition the Brazilian industry is. The results indicated that the prices are, in general, 2.41 times marginal cost, which shows that the perfect competition hypothesis is not valid for the Brazilian industry and indicate that not considering the competition pattern lead to incorrect conclusions. The forest and metallurgy sectors had the highest mark ups (3.81 and 2.95 respectively), and these results are robust to assumptions about scale economies and different measures of mark up.

Análise hedônica de celulares vendidos com plano de serviço pós-pago no Brasil

El objetivo de este articulo es analizar los determinantes de los precios de los aparatos celulares vendidos con planes de servicio, usando la metodologia de precios hedonicos. Con esa finalidad, fue construida una base de datos que comprende 48 modelos de aparatos, en nueve categorias de planes de servicio, durante 53 semanas en 2008, con 27 atributos diferentes que totalizan casi 300.000 registros de datos. Los resultados indican que el valor de la suscripcion mensual y de los minutos de llamadas es importante para explicar los precios del aparato. Ademas, tanto el volumen fisico como el numero de megapixels de una camara tienen efecto sobre los precios. Cuanto mayor el aparato, mas barato es, y cuantos mas megapixels la camara posee, mas caro es el aparato. Otra verificacion es que en 2008 las operadoras brasilenas subsidiaron celulares habilitados con conexion de datos.The aim of this paper is to analyze the determining factors for the pricing of handsets sold with service plans, using the hedonic price method. This was undertaken by building a database comprising 48 handset models, under nine different service plans, over a period of 53 weeks in 2008, and resulted in 27 different attributes and a total number of nearly 300,000 data registers. The results suggest that the value of monthly subscriptions and calling minutes are important to explain the prices of handsets. Furthermore, both the physical volume and number of megapixels of a camera had an effect on the prices. The bigger the handset, the cheaper it becomes, and the more megapixels a camera phone has, the more expensive it becomes. Additionally, it was found that in 2008 Brazilian phone companies were subsidizing enabled data connection handsets.

Using Spatial Covariance Function for Antitrust Market Delineation

El objetivo de este articulo es analizar los determinantes de los precios de los aparatos celulares vendidos con planes de servicio, usando la metodologia de precios hedonicos. Con esa finalidad, fue construida una base de datos que comprende 48 modelos de aparatos, en nueve categorias de planes de servicio, durante 53 semanas en 2008, con 27 atributos diferentes que totalizan casi 300.000 registros de datos. Los resultados indican que el valor de la suscripcion mensual y de los minutos de llamadas es importante para explicar los precios del aparato. Ademas, tanto el volumen fisico como el numero de megapixels de una camara tienen efecto sobre los precios. Cuanto mayor el aparato, mas barato es, y cuantos mas megapixels la camara posee, mas caro es el aparato. Otra verificacion es que en 2008 las operadoras brasilenas subsidiaron celulares habilitados con conexion de datos.The aim of this paper is to analyze the determining factors for the pricing of handsets sold with service plans, using the hedonic price method. This was undertaken by building a database comprising 48 handset models, under nine different service plans, over a period of 53 weeks in 2008, and resulted in 27 different attributes and a total number of nearly 300,000 data registers. The results suggest that the value of monthly subscriptions and calling minutes are important to explain the prices of handsets. Furthermore, both the physical volume and number of megapixels of a camera had an effect on the prices. The bigger the handset, the cheaper it becomes, and the more megapixels a camera phone has, the more expensive it becomes. Additionally, it was found that in 2008 Brazilian phone companies were subsidizing enabled data connection handsets.

Exchange Rate Misalignment and Growth: Old and New Econometric Evidence

In this paper, an estimation of a Spatial Covariance Function was proposed for determining the relevant geographic market for a merger. This methodology was applied to a proposed merger between two competing Brazilian supermarket chains. During this application, the shortcomings of the analysis carried out by the Brazilian Antitrust System were initially pointed out, including the geographic dimension of the relevant market,