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Ciclo seminarios CEA – MIPP

03May

13:00 horas, Sala Asamblea, Ingeniería Industrial, Torre Oriente (Beauchef 851, 4to piso, Santiago)

El Centro de Economía Aplicada (CEA) y el Instituto Milenio para la Investigación en Imperfecciones de Mercado y Políticas Públicas (MIPP) de la Universidad de Chile invitan a su ciclo de seminarios programados para el primer semestre del año.

Invitado: Ivan Ledezma, Université de Bourgogne

Título de la presentación: “Product-Market Integration and Endogenous Asymmetries of Technology Adoption”

Abstract
We explore the impact of product-market integration on asymmetric choices of technology adoption of ex ante identical entrepreneurs. Our model seeks to embed micro foundations of firm heterogeneity into an open-economy model. Relative to the existing literature the model (i) offers further characterisations of asymmetric equilibria in Cournot models with technology adoption and free entry, and (ii) adopts a general-equilibrium approach to carefully account for the determinants of market size shifts. The model naturally reproduces oligopolistic market structures that are expected to prevail after an increase in market size, despite the absence of entry barriers. The analysis also shows how the idiosyncratic characteristics of preferences of different countries shape the impact of product-market integration on the number of high performing firms as well as on market concentration. Along the way, we discuss the implications of an integer-constrained free-entry number of firms.

Short bio
Iván Ledezma is Professor of Economics at the Université de Bourgogne and is visiting the Center for Applied Economics this semester. Iván works in International Trade, Economics of Innovation, and Industrial Organization. He got a PhD in Economics at University Paris 1- Panthéon Sorbonne (Paris School of Economics) in 2008 and has published at the Journal of Economic Dynamics and Control, Review of International Economics, and Research Policy, among other outlets.

 Más información

Confirmaciones: Olga Barrera / obarrera@dii.uchile.cl