Papers by Marcelo Resende
Information Economics and Policy, 1999
The paper assesses the impact of alternative forms of regulation (price caps and incentive regula... more The paper assesses the impact of alternative forms of regulation (price caps and incentive regulation) that are gradually substituting traditional rate-of-return regulation. A total factor productivity (TFP) growth decomposition exercise is undertaken for the period 1989-1994. A flexible translog cost function provides evidence of a non-homothetic cost function with slight diseconomies of scale and indicates labor saving technical change, corroborating previous stylized facts of the industry. The cost function estimation provided the necessary adjustment factors for the TFP growth decomposition. The evidence does not indicate differential efficiency levels accruing from alternative forms of regulation.
Oxford Economic Papers-new Series, 2000
The paper assesses the ef®ciency consequences of different regulatory regimes for US local teleph... more The paper assesses the ef®ciency consequences of different regulatory regimes for US local telephony. Speci®cally, alternative regulatory regimes (price-cap regulation and incentive regulation) are contrasted with traditional rate-of-return regulation (ROR). Relative ef®ciency scores are obtained from the Data Envelopment Analysis (DEA) approach. The regression analysis on the determinants of ef®ciency, after controlling for technical change effects, indicates that alternative forms of regulation appear to induce a higher level of ef®ciency for the regulated ®rms than ROR.
Applied Economics, 2007
The article investigated structure–conduct–performance (SCP) relationships in the context of the ... more The article investigated structure–conduct–performance (SCP) relationships in the context of the Brazilian manufacturing industry in 1996. For that purpose, it considered a system with four equations pertaining concentration, advertising, R&D and profitability that was estimated with simultaneous equation models. In addition to the usual explanatory variables proxying barriers to entry and demand conditions, the article considered organizational practices and incentive schemes variables. The evidence indicated an important role for variables related to barriers to entry in affecting market structure, an important and nonlinear effect of concentration on advertising, a relevant impact of firm-size on the propensity to exert R&D effort and finally a significant positive impact of concentration on profitability, and were similar to the previous evidence for developed countries. Additionally, no important roles were detected for organizational practices and incentive schemes on the SCP relationships.
The paper investigates the persistence of profits for industrial firms in Brazil during the perio... more The paper investigates the persistence of profits for industrial firms in Brazil during the periods 1986-98 and 1994-1/1999-3
Urban Studies, 2004
... Fax: 55 21 2541 8148. E-mail: [email protected]. The author acknowledges research assistanc... more ... Fax: 55 21 2541 8148. E-mail: [email protected]. The author acknowledges research assistance from Gabriel Paiva Rega and Marina Jorge, comments from three anonymous referees and editorial advice from Professor Ronan Paddison. The usual caveats apply. ...
The paper investigates the persistence of profits for industrial firms in Brazil during the perio... more The paper investigates the persistence of profits for industrial firms in Brazil during the periods 1986-98 and 1994-1/1999-3
Urban Studies, 2004
... Fax: 55 21 2541 8148. E-mail: [email protected]. The author acknowledges research assistanc... more ... Fax: 55 21 2541 8148. E-mail: [email protected]. The author acknowledges research assistance from Gabriel Paiva Rega and Marina Jorge, comments from three anonymous referees and editorial advice from Professor Ronan Paddison. The usual caveats apply. ...
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Papers by Marcelo Resende