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Market Concentration Levels in the U.S. Consumer Book Industry: 1995–1996

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  • Albert Greco

Abstract

While many scholars have studied the impact mergersand acquisitions have had on market concentrationlevels in various industries, few have addressed theconsumer book market, an important U.S. culturalindustry. This paper: (1) defines the consumer bookmarket; and (2) using consumer book mergers, salesdata, the U.S. Department of Justice's 1992 mergerguidelines, the Herfindahl–Hirschman Index, andfour-firm and eight-firm concentration ratios testswhether an illegal level of market concentration or aviolation of Justice's antitrust guidelines wereevident in 1995 and 1996. Data on market entrybarriers, outputs, and prices are also analyzed. Copyright Kluwer Academic Publishers 2000

Suggested Citation

  • Albert Greco, 2000. "Market Concentration Levels in the U.S. Consumer Book Industry: 1995–1996," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 24(4), pages 321-336, November.
    • Handle: RePEc:kap:jculte:v:24:y:2000:i:4:p:321-336
    DOI: 10.1023/A:1007654222498
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    References listed on IDEAS

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    1. Hay, Donald A & Liu, Guy S, 1997. "The Efficiency of Firms: What Difference Does Competition Make?," Economic Journal, Royal Economic Society, vol. 107(442), pages 597-617, May.
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    Cited by:

    1. Paul DiMaggio, 2003. "Nonprofit Organizations and the Intersectoral Division of Labor in the Arts," Working Papers 37, Princeton University, School of Public and International Affairs, Center for Arts and Cultural Policy Studies..
    2. Sébastien Dubois, 2012. "Recognition and renown, the structure of cultural markets: evidence from French poetry," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 36(1), pages 27-48, February.
    3. Canoy, Marcel & van Ours, Jan C. & van der Ploeg, Frederick, 2006. "The Economics of Books," Handbook of the Economics of Art and Culture, in: V.A. Ginsburgh & D. Throsby (ed.), Handbook of the Economics of Art and Culture, edition 1, volume 1, chapter 21, pages 721-761, Elsevier.
    4. Maurizio Naldi & Marta Flamini, 2017. "Censoring and Distortion in the Hirschman–Herfindahl Index Computation," Economic Papers, The Economic Society of Australia, vol. 36(4), pages 401-415, December.
    5. repec:pri:cpanda:wp30-dimaggio is not listed on IDEAS
    6. Maurizio Naldi & Marta Flamini, 2018. "Dynamics of the Hirschman–Herfindahl Index under New Market Entries," Economic Papers, The Economic Society of Australia, vol. 37(3), pages 344-362, September.
    7. Gaffeo, Edoardo & Scorcu, Antonello E. & Vici, Laura, 2008. "Demand distribution dynamics in creative industries: The market for books in Italy," Information Economics and Policy, Elsevier, vol. 20(3), pages 257-268, September.

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    JEL classification:

    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs

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