Market Share Instability and the Dynamics of Competition: a Panel Data Analysis of Japanese Manufacturing Industries

Masatoshi Kato and Yuji Honjo ()

Review of Industrial Organization, 2006, vol. 28, issue 2, 165-182

Abstract: This paper explores market share instability as a measure of market mobility. Using a newly constructed panel data set, we examine the determinants of the market share instability of leading firms in Japanese manufacturing industries. The findings suggest that there is a significant relationship between concentration and market share instability, and the market shares of leading firms are more stable in highly concentrated industries. We also provide evidence that industry growth has a significantly positive effect on market share instability. Copyright Springer 2006

Keywords: Competition; concentration; instability; market share; mobility; panel data; L10; L60 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (13)

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DOI: 10.1007/s11151-006-0011-y

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