English, Article edition: CONCENTRATION-PROFITS MONOPOLY VS. EFFICIENCY DEBATE: SOUTH AFRICAN EVIDENCE DANIEL F. LEACH

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Bookmark: http://trove.nla.gov.au/version/184622
Physical Description
  • article
Language
  • English

Edition details

Title
  • CONCENTRATION-PROFITS MONOPOLY VS. EFFICIENCY DEBATE: SOUTH AFRICAN EVIDENCE
Author
  • DANIEL F. LEACH
Physical Description
  • article
Notes
  • Using the new official measures of concentration, this study finds a strong and highly significant correlation between concentration and industry profitability for South African manufacturing industries. This correlation is consistent with both the monopoly hypothesis of the traditional structure-conduct-performance paradigm and Demsetz's efficiency hypothesis that concentration of industry reflects the dominance of superior low-cost firms. Copyright 1997 Western Economic Association International.
  • RePEc:bla:coecpo:v:15:y:1997:i:2:p:12-23
Language
  • English
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