Symeonidis, George (1997) Cartel policy, non-price competition and market structure: theory and evidence from the UK. EI (19). Suntory and Toyota International Centres for Economics and Related Disciplines, London, UK.
Full text not available from this repository.Abstract
This paper examines the impact of price competition on advertising/R&D expenditure and market structure. General theoretical results are derived which restrict the space of possible outcomes regarding the behaviour of concentration and advertising/R&D expenditure following an intensification of price competition. The theoretical predictions are tested using UK data on the evolution of competition, concentration and advertising over 1954-1977. The econometric results suggest that the introduction of restrictive practices legislation in the UK cause a rise in concentration in previously cartelised high-advertising manufacturing industries and probably also a fall in advertising intensity.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://sticerd.lse.ac.uk |
| Additional Information: | © 1997 George Symeonidis |
| Divisions: | STICERD |
| Subjects: | H Social Sciences > HF Commerce H Social Sciences > HD Industries. Land use. Labor |
| Date Deposited: | 09 Jul 2008 08:42 |
| Last Modified: | 15 Sep 2023 22:45 |
| URI: | http://eprints.lse.ac.uk/id/eprint/6758 |
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