Price Competition and Market Structure: The Impact of Cartel Policy on Concentration in the UK

George Symeonidis ()

Journal of Industrial Economics, 2000, vol. 48, issue 1, 1-26

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.

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (25)

Downloads: (external link)
https://doi.org/10.1111/1467-6451.00110

Related works:
Working Paper: Price Competition and Market Structure: The Impact of Cartel Policy on Concentration in the UK (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jindec:v:48:y:2000:i:1:p:1-26

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0022-1821

Access Statistics for this article

Journal of Industrial Economics is currently edited by Pierre Regibeau, Yeon-Koo Che, Kenneth Corts, Thomas Hubbard, Patrick Legros and Frank Verboven

More articles in Journal of Industrial Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().