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Margins, Concentration and Oligopolistic Interdependence

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  • ROBERT DIXON
  • ALAN GUNTHER

Abstract

In this paper we examine the relationship between margins, elasticities of demand and the Hirschman‐Herfindahl index of concentration for Australian manufacturing. Our main aim is to estimate the degree of collusion in various manufacturing sectors in the years 1968‐69, 1972‐73 and 1977‐78. There appear to be marked differences in the apparent degree of collusion between industries. It is argued that once sub‐optimization is allowed the Cowling‐Waterson model will yield biased estimates of the degree of collusion.

Suggested Citation

  • Robert Dixon & Alan Gunther, 1986. "Margins, Concentration and Oligopolistic Interdependence," The Economic Record, The Economic Society of Australia, vol. 62(2), pages 199-207, June.
    • Handle: RePEc:bla:ecorec:v:62:y:1986:i:2:p:199-207
    DOI: 10.1111/j.1475-4932.1986.tb00895.x
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    References listed on IDEAS

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    1. Appelbaum, Elie, 1982. "The estimation of the degree of oligopoly power," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 287-299, August.
    2. Cowling, Keith, 1981. "Oligopoly, distribution and the rate of profit," European Economic Review, Elsevier, vol. 15(2), pages 195-224.
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