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Price Competition and Market Structure: The Impact of Cartel Policy on Concentration in the UK Author info | Abstract | Publisher info | Download info | Related research | Statistics Symeonidis, George
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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 1958-77. 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. Copyright 2000 by Blackwell Publishing Ltd
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Article provided by Blackwell Publishing in its journal Journal of Industrial Economics .
Volume (Year): 48 (2000)
Issue (Month): 1 (March)
Pages: 1-26
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Handle: RePEc:bla:jindec:v:48:y:2000:i:1:p:1-26Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-1821
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Nigel Driffield, 2001.
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