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

被引：0
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作者：
Symeonidis, G [1 ]
机构：
[1] Univ Essex, Dept Econ, Colchester CO4 3SQ, Essex, England
来源：
JOURNAL OF INDUSTRIAL ECONOMICS | 2000年 / 48卷 / 01期
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D O I：
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中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
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.
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页码：1 / 26
页数：26
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