Antitrust Issues in International Comparisons of Market Structure
The analysis and definition of markets, their structure, and concentration, especially for international comparisons, are complicated by a lack of adequate and comparable data. This is particularly so for multi-product and multinational firms. For instance, the U.S. Department of Commerce reports measures of industry concentration which do not embody either the control of subsidiary firms or the possible multinational nature of their ownership. Nor are these reported measures consistently based on sales data. Other countries produce similar reports, but these studies are generally not comparable to U.S. due, in part, to incompatible sector definitions. Few government- sponsored studies provide firm-level detail or timely information. Also, given the widespread multinational nature of many larger firms, an international analysis of ownership and operations is necessary. This paper addresses the issues encountered in the construction of international market data from the existing financial reports, and provides methods for the comparison of measures of market concentration and industry diversity across countries. Using 1991 financial data, a firm level data set is constructed and used to compute comparable measures of market concentration and industry diversity in the food industries for the U.S. and European Community (EC). One innovation is to impute the distribution of sales of sub-code products by a firm based on simulations as well as nonparametric estimates of an existing data set. 1 We wish to acknowledge the help of Peter Voros for his efforts in collecting the data on which much of this analysis is based. We also wish to thank Dennis Henderson, Ian Sheldon and Michael Ferrantino for their comments on an earlier version of this paper. Support for Hirschberg?s research came from the USDA NC-194 Project.
|Date of creation:||2002|
|Contact details of provider:|| Postal: Department of Economics, The University of Melbourne, 4th Floor, FBE Building, Level 4, 111 Barry Street. Victoria, 3010, Australia|
Phone: +61 3 8344 8560
Fax: +61 3 8344 6899
Web page: http://fbe.unimelb.edu.au/economics
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gasmi, F & Laffont, J J & Vuong, Q, 1992.
"Econometric Analysis of Collusive Behavior in a Soft-Drink Market,"
Journal of Economics & Management Strategy,
Wiley Blackwell, vol. 1(2), pages 277-311, Summer.
- Gasmi, Farid & Laffont, Jean-Jacques & Vuong, Quang, 1992. "Econometric Analysis of Collusive Behavior in a Soft Drink Market," IDEI Working Papers 16, Institut d'Économie Industrielle (IDEI), Toulouse.
- Hyde, Charles & Perloff, Jeffrey M, 1993. "Can market power be estimated?," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt6d7127mr, Department of Agricultural & Resource Economics, UC Berkeley.
- David E. Buschena & Jeffrey M. Perloff, 1991. "The Creation of Dominant Firm Market Power in the Coconut Oil Export Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1000-1008.
- Buschena, David E. & Perloff, Jeffrey M, 1990. "The creation of dominant firm market power in the coconut oil export market," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9c5124mq, Department of Agricultural & Resource Economics, UC Berkeley.
- Glenn Ellison, 1994. "Theories of Cartel Stability and the Joint Executive Committee," RAND Journal of Economics, The RAND Corporation, vol. 25(1), pages 37-57, Spring.
- Hirschberg, J. & Dayton, J. & Voros, P., 1992. "Firm Level Data: A Compendium of International Data Sources for the Food Processing Industries," Occasional Papers 233080, Regional Research Project NC-194: Organization and Performance of World Food Systems.
- Schmalensee, Richard, 1989. "Inter-industry studies of structure and performance," Handbook of Industrial Organization,in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 2, chapter 16, pages 951-1009 Elsevier.
- Schmalensee, Richard., 1987. "Inter-industry studies of structure and performance," Working papers 1874-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Clarke, R & Davies, S W, 1983. "Aggregate Concentration, Market Concentration and Diversification," Economic Journal, Royal Economic Society, vol. 93(369), pages 182-192, March.
- Utton, M A, 1977. "Large Firm Diversification in British Manufacturing Industry," Economic Journal, Royal Economic Society, vol. 87(345), pages 96-113, March.
- repec:cdl:agrebk:677104 is not listed on IDEAS
- Berry, Charles H, 1971. "Corporate Growth and Diversification," Journal of Law and Economics, University of Chicago Press, vol. 14(2), pages 371-384, October.
- Handy, Charles R. & Henderson, Dennis R., 1992. "Foreign Investment in Food Manufacturing," Occasional Papers 233088, Regional Research Project NC-194: Organization and Performance of World Food Systems.
- repec:cdl:agrebk:677098 is not listed on IDEAS
- Geroski, Paul A, 1988. "In Pursuit of Monopoly Power: Recent Quantitative Work in Industrial Economics," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 3(2), pages 107-123, April. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:mlb:wpaper:836. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Muntasha Meemnun Khan)
If references are entirely missing, you can add them using this form.