Benassi, Corrado (Dipartimento di Scienze Economiche (Department of Economics) Alma Mater Studiorum - Università di Bologna (University of Bologna)) Cellini, Roberto () (Dipartimento di Economia e Metodi Quantitativi (Department of Economics and Quantitative Methods) Facoltà di Economia (Faculty of Economics) Università degli Studi di Catania) Chirco, Alessandra () (Dipartimento di Scienze Economiche e Matematico-Statistiche Università degli Studi di Lecce Centro ECOTEKNE)
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Income polarization and industry concentration (especially in sectors where price competition is supposed to be stiffer) are both generally deemed to be higher in the United States than in the European Union. In this note we provide an interpretation of this evidence by establishing a theoretical link, running from income polarization to industry concentration: the former may decrease the equilibrium number of firms, via its effect on market demand and elasticity within Cournot oligopoly.
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Find related papers by JEL classification: D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection