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Price competition and market structure: The impact of cartel policy on concentration in the UK

Symeonidis, G (2000) 'Price competition and market structure: The impact of cartel policy on concentration in the UK.' Journal of Industrial Economics, 48 (1). 1 - 26. ISSN 0022-1821

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Abstract

This paper examines the impact of firms' conduct on market structure. It studies the evolution of concentration in UK manufacturing following the abolition of cartels using a theoretical framework based on Sutton's theory of market structure and a panel data set of four-digit industries over 1958-1977. The econometric results suggest that the intensity of price competition has a positive effect on concentration in exogenous sunk cost industries as well as in advertising-intensive and R & D-intensive industries. The concentration-market size relationship, while negative in exogenous sunk cost industries, breaks down in industries with high advertising or R & D intensity.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 16 Aug 2012 10:28
Last Modified: 17 Aug 2017 17:15
URI: http://repository.essex.ac.uk/id/eprint/3698

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