Using Excel to Illustrate Hannah and Kay's Concentration Axioms
Most courses in industrial economics/industrial organisation cover the measurement of industry concentration. In a classic paper Hannah and Kay (1977) propose a set of desirable criteria against which any of the numerous concentration measures may be judged. We describe how these criteria can be illustrated for students for several of the most popular measures using an Excel spreadsheet and an exercise sheet developed by the authors and freely available from the HEA Economics Network website.
Volume (Year): 10 (2011)
Issue (Month): 1 ()
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References listed on IDEAS
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- Saving, Thomas R, 1970. "Concentration Ratios and the Degree of Monopoly," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 11(1), pages 139-146, February.
- John C. Hause, 1977. "The Measurement of Concentrated Industrial Structure and the Size Distribution of Firms," NBER Chapters,in: Annals of Economic and Social Measurement, Volume 6, number 1, pages 73-107 National Bureau of Economic Research, Inc.
- Marfels, Christian, 1971. "Absolute and Relative Measures of Concentration Reconsidered," Kyklos, Wiley Blackwell, vol. 24(4), pages 753-766.
- Curry, B & George, K D, 1983. "Industrial Concentration: A Survey," Journal of Industrial Economics, Wiley Blackwell, vol. 31(3), pages 203-255, March.