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Price Competition, Non-price Competition and the Market Structure: Theory and Evidence from the UK

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  • Symeonidis, George

Abstract

This paper examines the impact of price competition on advertising/R&D expenditure and market structure. A general theoretical result is derived, which restricts the space of possible outcomes regarding the behaviour of concentration and advertising/R&D expenditure following an intensification of price competition. The theory is tested using UK data on the evolution of competition, concentration and advertising over 1954-77. The econometric results suggest that the introduction of restrictive practices legislation in the UK caused a rise in concentration in previously cartelized high-advertising manufacturing industries and probably also a fall in advertising intensity. Copyright 2000 by The London School of Economics and Political Science

Suggested Citation

  • Symeonidis, George, 2000. "Price Competition, Non-price Competition and the Market Structure: Theory and Evidence from the UK," Economica, London School of Economics and Political Science, vol. 67(267), pages 437-456, August.
  • Handle: RePEc:bla:econom:v:67:y:2000:i:267:p:437-56
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    Cited by:

    1. Tabacco, Giovanni Alberto, 2013. "A new way to assess banking competition," Economics Letters, Elsevier, vol. 121(2), pages 167-169.
    2. Symeonidis, George, 2000. "Price Competition and Market Structure: The Impact of Cartel Policy on Concentration in the UK," Journal of Industrial Economics, Wiley Blackwell, vol. 48(1), pages 1-26, March.
    3. Symeonidis, George, 2000. "Are cartel laws bad for business? Evidence from the UK," Economics Discussion Papers 3696, University of Essex, Department of Economics.
    4. repec:eee:jeborg:v:145:y:2018:i:c:p:530-545 is not listed on IDEAS
    5. Symeonidis, George, 2001. "Price Competition, Innovation and Profitability: Theory and UK Evidence," CEPR Discussion Papers 2816, C.E.P.R. Discussion Papers.
    6. Symeonidis, George, 1999. "In Which Industries Is Collusion More Likely?," CEPR Discussion Papers 2301, C.E.P.R. Discussion Papers.
    7. Kevin Amess & Barbara Roberts, 2005. "The impact of foreign and state ownership on post-transition industrial concentration: the case of Polish manufacturing," Economic Change and Restructuring, Springer, vol. 38(3), pages 211-225, December.
    8. Symeonidis, George, 2007. "The Effect of Competition on Wages and Productivity: Evidence from the UK," Economics Discussion Papers 3687, University of Essex, Department of Economics.

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