Symeonidis, George (1999) Price Competition and Market Structure: The Impact of Cartel Policy on Concentration in the UK. Working Paper. CEPR Discussion Papers.
Symeonidis, George (1999) Price Competition and Market Structure: The Impact of Cartel Policy on Concentration in the UK. Working Paper. CEPR Discussion Papers.
Symeonidis, George (1999) Price Competition and Market Structure: The Impact of Cartel Policy on Concentration in the UK. Working Paper. CEPR Discussion Papers.
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 impact 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: | Monograph (Working Paper) |
|---|---|
| Uncontrolled Keywords: | Cartels; Exogenous and Endogenous Sunk Costs; Market Structure; Price Competition; UK Manufacturing |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Social Sciences > Economics, Department of |
| Depositing User: | Jim Jamieson |
| Date Deposited: | 16 Aug 2012 10:27 |
| Last Modified: | 16 Aug 2012 10:27 |
| URI: | http://repository.essex.ac.uk/id/eprint/3703 |