The objective of this study was to analyze the behavior of Brazilian paper companies in the international market. The analysis was based on the New Empirical Industrial Organization, based on Bresnahan's model (1982) to measure the conduct parameter in the industry. Two-Stage Least Squares (2SLS) method was used for the simultaneous equations estimative. From the results, it cannot be stated that the Brazilian companies behave as a monopolist or as a company in perfect competition in the international market. The parameter of 0.22 in the industry conduct indicated that the market is an oligopoly, intermediary to both extreme behaviors.
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