Symeonidis, George (2000) Price Competition, Non‐Price Competition and Market Structure: Theory and Evidence from the UK. Economica, 67 (267). pp. 437-456. DOI https://doi.org/10.1111/1468-0335.00217
Symeonidis, George (2000) Price Competition, Non‐Price Competition and Market Structure: Theory and Evidence from the UK. Economica, 67 (267). pp. 437-456. DOI https://doi.org/10.1111/1468-0335.00217
Symeonidis, George (2000) Price Competition, Non‐Price Competition and Market Structure: Theory and Evidence from the UK. Economica, 67 (267). pp. 437-456. DOI https://doi.org/10.1111/1468-0335.00217
Abstract
<jats:p>This paper examines the impact of price competition on advertising/R&Dexpenditure and market structure. A general theoretical result is derived,which restricts the space of possible outcomes regarding the behaviour ofconcentration and advertising/R&D expenditure following anintensification of price competition. The theory is tested using UK data onthe evolution of competition, concentration and advertising over 1954&77. The econometric results suggest that the introduction of restrictive practiceslegislation in the UK caused a rise in concentration in previouslycartelized high‐advertising manufacturing industries and probably also afall in advertising intensity.</jats:p>
| Item Type: | Article |
|---|---|
| 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 10:27 |
| Last Modified: | 30 Oct 2024 20:05 |
| URI: | http://repository.essex.ac.uk/id/eprint/3699 |