Market structure and performance of US multinationals in Brazil and Mexico
研究了美国跨国公司在巴西和墨西哥制造业子公司的市场结构对盈利能力的影响，发现卖方集中度、产品差异化和相对市场份额是市场力量的来源，且两国结构-绩效关系无系统性差异。
Abstract This paper presents the results of a regression analysis of the market structure determinants of profitability among the Brazilian and Mexican manufacturing affiliates of US multinational corporations. The study employs data on 206 firms derived from a special survey specifically designed to obtain detailed information on their market structure environments and performance characteristics. Our estimates confirm that seller concentration, product differentiation, and relative market share are three sources of market power of these firms. Despite the many economic and noneconomic differences between Brazil and Mexico, there are no systematic differences between the two in their underlying structure‐performance relationships. Notes John M. Connor is an economist with Economic Research Service; this paper does not necessarily represent the views of the US Department of Agriculture. Willard F. Mueller is Vilas Research Professor of Agricultural Economics, Professor of Economics, and Professor in the Law School of the University of Wisconsin at Madison. Financial support was received from the College of Agriculture and Life Sciences of the University of Wisconsin and the US Senate Subcommittee on Multinational Corporations of the Committee on Foreign Relations. The authors wish to thank several colleagues for reading earlier versions of this paper: Leonard Weiss, Aaron Cobe Johnson, Peter Dorner, and John Culbertson, R. McFall Lamm, and Richard Newfarmer.