¿Cuándo ha sido un oligopolio la industria del cemento artificial? El caso español, 1908-1992

Javier Pueyo Sánchez


This essay analys market power in the cement industry during the 20th century. Market power is measured by means of a Hirschman-Herfindahl index series that shows that economic concentration decreased continuously between 1920 and 1970. This outcome put in question the effectiveness of the behaviour of the established firms and public regulation to control entry into the industry.

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