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Concentration Of Tobacco Market: Evidence From Serbia

Author

Listed:
  • Vuković, Bojana
  • Mijić, Kristina
  • Spahić, Nataša

Abstract

This paper presents a research on market concentration of tobacco producers in the Republic of Serbia during 2010-2013. Market concentration was measured by Herfindahl Hirschman index (HHI) and Concentration index (CRn) based on independent variables: operating revenue, net earnings, equity and number of employees. The research of market concentration of tobacco producers based on operating revenue as the most referential variable indicated that the market of tobacco producers in the Republic of Serbia was highly concentrated and that it was an oligopoly. Leading companies dominated in the terms of the value of realized net earnings, equity and number of employees. Although leading companies had dominance in market share of Serbia, they had worse operating results in terms of effectiveness, structure of assets and financial performance in observed period.

Suggested Citation

  • Vuković, Bojana & Mijić, Kristina & Spahić, Nataša, 2015. "Concentration Of Tobacco Market: Evidence From Serbia," Economics of Agriculture, Institute of Agricultural Economics, vol. 62(2), pages 1-14, June.
    • Handle: RePEc:ags:iepeoa:206924
    DOI: 10.22004/ag.econ.206924
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    References listed on IDEAS

    as
    1. Djolov, George, 2013. "The Herfindahl-Hirschman Index as a decision guide to business concentration: A statistical exploration," Journal of Economic and Social Measurement, IOS Press, issue 3, pages 201-227.
    2. Mario Mariniello & Marco Antonielli, 2014. "Antitrust risk in EU manufacturing- A sector-level ranking," Working Papers 836, Bruegel.
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