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Name: Felipe Tamega Fernandes
Email: f.t.fernandes at lse.ac.uk
Institution: London School of Economics

Co-author: none

Title: Brazilian Market Power in Rubber Market: an AIDS approach to 
Assess Impact on Welfare (1861-1910)

Internet Address of abstracted work:
http://personal.lse.ac.uk/fernanft/FelipeTamega%20-%20BrazilMonopolyPowerRubber.pdf

By mail:
260C Gloucester Terrace
W2 6HU
London - UK

Language: English

Abstract:
This paper presents a quantitative approach aimed at showing the 
extension of Brazilian market power and how the country (optimally?) 
profited from it. An Almost Ideal Demand System (AIDS) is computed 
using data on import of rubber from UK balance of trade statistics. 
 From results obtained, elasticities of demand for each rubber 
supplier (Brazil, Rest of the Amazon and British Colonies) are 
obtained as well as cross-elasticities between them, providing a 
notion of substitutability and complementarity between different 
types of rubber. Furthermore, a welfare analysis is carried out under 
different scenarios of government intervention in the market, with 
focus on Brazilian government taxation over rubber exports.

Bibliography: Fernandes, Felipe Tamega. "Brazilian Market Power in 
Rubber Market: an AIDS approach to Assess Impact on Welfare 
(1861-1910)." London School of Economics, working paper. 2007.

Subject: W
Geographical Area: 5
Country/Region: Brazil
Time Period: 0

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