A delusion is usually decribed as an erroneous belief of the falseness of which its possessor cannot be persuaded of by reasoning nor by the evidence of his own senses, and which is contrary to the general belief of persons of his own race, age, standing and training. A person who believes that he can raise men from the dead or one who states that he is a canary or another who believes that he ...

This paper estimates the markup for the Mexican manufacturing sector to detect the impact of trade liberalization on market power. Using Hall’s proposal that states that a procyclical Solow residual is an indication of market power, this research estimates the markup for different periods to detect the change in market power after trade liberalization was implemented. We account for the potenti...