Symeonidis, George (2000) Price Competition and Market Structure: The Impact of Cartel Policy on Concentration in the UK. The Journal of Industrial Economics, 48 (1). pp. 1-26. DOI https://doi.org/10.1111/1467-6451.00110
Symeonidis, George (2000) Price Competition and Market Structure: The Impact of Cartel Policy on Concentration in the UK. The Journal of Industrial Economics, 48 (1). pp. 1-26. DOI https://doi.org/10.1111/1467-6451.00110
Symeonidis, George (2000) Price Competition and Market Structure: The Impact of Cartel Policy on Concentration in the UK. The Journal of Industrial Economics, 48 (1). pp. 1-26. DOI https://doi.org/10.1111/1467-6451.00110
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 |
|---|---|
| Uncontrolled Keywords: | L10; Cartels; Exogenous and Endogenous Sunk Costs; Market Structure; Price Competition; UK Manufacturing |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Economics, Department of |
| SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 16 Aug 2012 10:28 |
| Last Modified: | 18 Aug 2022 11:11 |
| URI: | http://repository.essex.ac.uk/id/eprint/3698 |