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辽宁大学经济学前沿高端讲座第三十一讲 Import Licenses, Intermediaries, and Price Pass-through: Evidence from the Chinese Steel Market
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辽宁大学经济学前沿高端讲座第三十一讲 Import Licenses, Intermediaries, and Price Pass-through: Evidence from the Chinese Steel Market
2023-10-27 点击:[_showDynClicks("wbnews", 1503939075, 1620)]
主讲人:苏立副教授(中国人民大学应用经济学院)
主持人:杨程助理教授(辽宁大学李安民经济研究院)
嘉宾介绍:游宇教授(辽宁大学李安民经济研究院)
时间:2023年10月30日(周一) 9:00-10:30(北京时间)
地点:辽宁大学崇山校区五洲园一楼会议室
线上地址:腾讯会议:728-402-412
语言:中文/英文
摘要:
By matching monthly iron ore import prices with steel retailing price data, this study examines the impact of abolishing the exclusive license of importing iron ore on price pass-through in the Chinese steel market. We model the interme- diate traders’ role in alleviating market uncertainties which have critical impact on price pass-throughs, and our difference-in-difference estimation shows that the reform reduces the overall price pass-through by 16 percentage points, which is around 3 percent more in treated cities. Our findings imply the price pass-through hinges on market uncertainties, and a strengthened downstream producers’ mar- ket power due to the reform. Although the reform eliminates double marginal- ization, downstream producers must face market uncertainties independent of intermediate traders, resulting in a lower pass-through of the steel retail price to the iron ore import price.
主讲人简介:
苏立,中国人民大学应用经济学院产业经济系副教授,经济学博士,主要研究领域为产业经济学、国际经济学和计量经济学,包括市场结构、企业进出口行为和生产力分析,曾在国内外期刊上发表多篇文章。
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