Abstract
Although concentration has been accorded an important (and probably excessive) role in industrial-organisation studies, there are other aspects of market structure which must be given adequate attention as explanatory variables for industry conduct and performance. We shall now examine barriers to entry, product differentiation and the price elasticity of market demand.
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References
R. Stonebraker, ‘Corporate Profits and Risk of Entry’, Review of Economics and Statistics (February 1976).
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See Z. Griliches, ‘Hedonic Price Indexes for Automobiles: An Econometric Analysis of Quality Change’, in Readings in Economic Statistics and Econometrics, ed. A. Zellner (1968); J. Triplett, ‘Automobiles and Hedonic Quality Measurement’, Journal of Political Economy (1969); and D. Chif, ‘Recherche d’un indice de la variation de qualité pour les voitures automobiles sur le marché belge, 1966 à 1970’, Recherches économiques de Louvain, no. 2 (May 1971).
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See K. Cowling, ‘On the Theoretical Specification of Industrial Structure — Performance Relationships’, European Economic Review, no. 1 (June 1976).
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© 1977 Alexis P. Jacquemin and Henry W. de Jong
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Jacquemin, A.P., De Jong, H.W. (1977). Barriers to Entry, Product Differentiation and Price Elasticity of Market Demand. In: European Industrial Organisation. Problems of Economic Integration. Palgrave, London. https://doi.org/10.1007/978-1-349-86167-5_4
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DOI: https://doi.org/10.1007/978-1-349-86167-5_4
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