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- Title
Industrial Concentration and Market Integration in the European Union.
- Authors
Lyons, Bruce; Matraves, Catherine; Moffatt, Peter
- Abstract
Unlike previous cross-section studies which test predictions from the theory of industrial structure, we do not make an ex ante assumption about the geographical market at which competition takes place. We develop an econometric technique that endogenously determines whether the EU or member state is the appropriate market level for each industry, while also estimating a structural model of concentration and market size. Another novelty is that we use European national as well as aggregate EU data. Strong support is found for the importance of endogenous fixed costs in the theory of market structure.
- Subjects
INDUSTRIAL concentration; EUROPEAN Union; COMPETITION; ECONOMETRICS; OVERHEAD costs; INDUSTRIAL organization (Economic theory)
- Publication
Economica, 2001, Vol 68, Issue 269, p1
- ISSN
0013-0427
- Publication type
Article
- DOI
10.1111/1468-0335.00230