Concentration, Size and Performance of European Firms

  • Alex P. Jacquemin
  • Louis Phlips
Part of the Nijenrode Studies in Economics book series (NIEC, volume 1)

Abstract

The empirical work on market structure, conduct and performance in the U.S. has been surveyed by Weiss (1971). To our knowledge no survey of similar work in Europe is available to date, possibly because all studies in the area are recent while scholars are few. This is an attempt to fill the gap with no pretention to covering the entire field. In fact, we want to focus on concentration.

Keywords

Sugar Clay Entropy Europe Covariance 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Adams, W. J., Firm Size and Research Activity: France and the United States, Quarterly Journal of Economics, 84, August 1970, p. 386–409.CrossRefGoogle Scholar
  2. Adams, W. J., Corporate Power and Profitability in the North Atlantic Community, Unpublished Ph. D. Thesis, Harvard University, August 1973.Google Scholar
  3. Armstrong, A. and A. Silberston, Size Plant, Size of Enterprise and Concentration in British Manufacturing Industry 1935–58, Journal of the Royal Statistical Society, A. 128, 1965, p. 395–420.CrossRefGoogle Scholar
  4. Arndt, H., Die Konzentration in der Wirtschaft — On Economic Concentration, 2e ed., Schriften des Vereins für Sozial Politik, N.S., Vol. 20/I–II, Berlin, 1971.Google Scholar
  5. Bain, J. S., International Difference in Industrial Structure, New Haven, 1966.Google Scholar
  6. Baumol, W., Business Behaviour, Value and Growth, MacMillan, London, 1959.Google Scholar
  7. Binamé, J. P. and A. Jacquemin, Structures industrielles des régions beiges et grandes entreprises, Recherches Économiques de Louvain, n° 4, Déc. 1973.Google Scholar
  8. Blair, J., Economic Concentration, Harcourt, 1972.Google Scholar
  9. Buyse, R., Les indices de concentration et leur application concrète au secteur de l’automobile dans la Communauté, Doc Nr. 179/IV/71-F., Brussels: E.E.C., May 1971 (mimeographed).Google Scholar
  10. Caisse Nationale des Marchés de l’Etat, L’industrie française est-elle concentrée? Bulletin d’information économique, N° 54, 1st trim., 1972.Google Scholar
  11. Caves, R. E., Uncertainty, Market Structure and Performance: Galbraith as Conventional Wisdom, in Industrial Organization and Economic Development, (ed. J. Markham and G. Papanek ), Houghton, 1970.Google Scholar
  12. Defay, J., Recherche et croissance économique, SPPS, Brussels, 1973.Google Scholar
  13. De Jong, H. W. Ondernemingsconcentratie, Stenfert-Kroese, Leiden, 1971.Google Scholar
  14. Didier, M., Croissance et dimension des entreprises, Collection de l’I.N.S.E.E., Série ‘Entreprises’, Vol. El, 1969, p. 113–137.Google Scholar
  15. Didier, M. and E. Malinvaud, La concentration de l’industrie s’est-elle accentuée depuis le début du siècle? Economie et statistique, June 1969, p. 3–10.Google Scholar
  16. Eatwell, J., Growth, Profitability and Size; the Empirical Evidence, in The Corporate Economy, (ed. R. Marris and A. Wood ), Harvard University Press, Cambridge, Mass. 1971.Google Scholar
  17. E.E.C. Commission, Second Report on Competition Policy, Brussels, 1973.Google Scholar
  18. E.E.C. Commission, Third Report on Competition Policy, Brussels, 1974.Google Scholar
  19. Evely, R. and Little, Concentration in British Industry, Cambridge, 1960.Google Scholar
  20. Finet, P., La recherche-développement dans l’analyse économique des structures et de la production, MA-thesis, Louvain, 1974.Google Scholar
  21. Fizaine, F., Analyse statistique de la croissance des entreprises selon l’âge et la taille, Revue d’Economie Politique, July–August 1968.Google Scholar
  22. George, K. D. and Ward, T., U.K.-E.E.C. Industrial Structure, Department of Economics, University College, Cardiff, 1974.Google Scholar
  23. Jacquemin, A., L’entreprise et son pouvoir de marché, P.U.F., Paris et Librairie Universitaire, Louvain, 1967.Google Scholar
  24. Jacquemin, A., Market Structure and the Firm’s Market Power, Journal of Industrial Economics, 20, nr. 2, April 1972, p. 122–134.CrossRefGoogle Scholar
  25. Jacquemin, A. and A. M. Kumps, Changes in the Size Structure of the Largest European Firms: an Entropy Measure, Journal of Industrial Economics, 20, nr. 1, November 1971, p. 59–70, and European Economic Review, 1972.Google Scholar
  26. Jacquemin, A. and J. Thisse, Recent Applications of Optimal Control Theory to Industrial Organization, in K. Cowling (ed.), Market Structure and Corporate Behaviour, Gray-Mills, London, 1972.Google Scholar
  27. Jacquemin, A. and M. Cardon de Lichtbuer, Size Structure, Stability and Performance of the Largest British and EEC Firms, European Economic Review, n° 4, 1973.Google Scholar
  28. Jacquemin, A. and Saëz, W., Compared Performance of the Largest European and Japanese Industrial Firms, Working Paper n° 7414, Institut des Sciences Économiques, Louvain, 1974. ( Forthcoming in Oxford Economic Papers).Google Scholar
  29. Jenny, F., Profit Rates and Structural Variables in French Manufacturing Industries, École Supérieure des Sciences Économiques et Commerciales, 1974.Google Scholar
  30. Kennedy, Ch. and Thirwall, A. P., Surveys in Applied Economics: Technical Progress, The Economic Journal, March 1972.Google Scholar
  31. Kumps, A. M., Le Conglomérat, nouvelle forme de concentration, le cas anglais, La Renaissance du Livre, Bruxelles, 1974.Google Scholar
  32. Khalilzadeh, J., Market Structure and Price-Cost Margins in United-Kingdom Manufacturing Industries, Review of Economics and Statistics, February 1974.Google Scholar
  33. Lambin, J. J., Advertising, Competition and Market Conduct in Oligopoly over Time, North-Holland, Amsterdam, 1975.Google Scholar
  34. Loup, J., La concentration dans l’industrie française, d’après le recensement de 1963: la structure des marchés, Étude et conjoncture, February 1969, nr. 2, p. 17–237.Google Scholar
  35. Marcus, M., Profitability and Size of Firms: Some Further Evidence, Review of Economics and Statistics, 1969.Google Scholar
  36. Marfels, C., Absolute and Relative Measures of Concentration Reconsidered, Kyklos, 24, 1972.Google Scholar
  37. Morand, J. C., Taille et croissance des entreprises, Revue d’Économique politique, 77, 1967, p. 189–211.Google Scholar
  38. Morvan, Y., La concentration de l’industrie en France, A. Colin, Paris, 1972.Google Scholar
  39. Morvan Y., Taille, Rentabilité et Croissance des Firmes, Économie Appliquée, ISEA, n° 4, 1972.Google Scholar
  40. Nioche, J. P., Taille des établissements industriels dans 7 pays développés, Entreprises, Collection de l’I.N.S.E.E., Série E, nr. 1, 1969, p. 3–109.Google Scholar
  41. Ornstein, S. I., Weston, J. F. and Intriligator, M. D., Determinants of Market Structure, Southern Economic Journal, n° 4, April 1972.Google Scholar
  42. Owen, N., Competition Policy and the Common Market, mimeographed.Google Scholar
  43. Pashigian, P., Market Concentration in the United States and Great Britain, Journal of Law and Economics, 11, October 1968, p. 229–319.CrossRefGoogle Scholar
  44. Phillips, A., Price Fixing, Market Structure and Industry Performance: An Empirical Study of British Industry in the Early 1950’s, in K. Cowling (ed.). Market Structure and Corporate Behaviour, Gray-Mills, London, 1972.Google Scholar
  45. Phlips, L., De l’intégration des marchés, Nauwelaerts, Louvain, 1962a.Google Scholar
  46. Phlips, L., Common Markets: Towards a Theory of Market Integration, Journal of Industrial Economics, XI, nr. 2, March 1962b, p. 81–92.Google Scholar
  47. Phlips, L., Demand Curves and Product Differentiation, Kyklos, XVII, 1964, n° 3, p. 404–418, reprinted in R. E. Nccl (ed.), Readings in Price Theory, South Western Publ. Co., Cincinnati, 1973.Google Scholar
  48. Phlips, L., Concentration, dimension et recherche dans l’industrie manufacturière belge, Recherches économiques de Louvain, nr. 1, February 1969, p. 15–35, and European Economic Review, Summer 1970.Google Scholar
  49. Phlips, L. et al., Effects of Industrial Concentration: A Cross-Section Analysis for the Common Market, Contribution to Economic Analysis, n° 74, North-Holland, Amsterdam, 1971.Google Scholar
  50. Phlips, L., Illusions in Testing for Administered Prices: A reply, Journal of Industrial Economics, 21, n° 2, April 1973, p. 196–199.Google Scholar
  51. Prodi, R., Modelo di Sviluppo di un Settore in Rapida Crescita, F. Angeli, Milano, 1966.Google Scholar
  52. Pryor, F. L., An International Comparison of Concentration Ratios, Review of Economics and Statistics, 54, nr. 2, May 1972, p. 130–140.CrossRefGoogle Scholar
  53. Ross, H. N., Illusions in Testing for Administered Prices, Journal of Industrial Economics, 21, nr. 2, April 1973, p. 187–195.CrossRefGoogle Scholar
  54. Samuels, J. M. and D. J. Smyth, Profits, Variability of Profits and Firm Size, Economica, May 1968.Google Scholar
  55. Sawyer, M. C., Concentration in British Manufacturing Industry, Oxford Economic Papers, November 1971.Google Scholar
  56. Scherer, F. M., The Determinants of Industrial Plant Sizes in Six Nations, Review of Economics and Statistics, May 1973, p. 135–145.Google Scholar
  57. Scherer, F. M., A. Beckenstein, E. Kaufer and R. D. Murphy, The Economics of Multi-Plant Operation: An International Comparison Study, forthcoming.Google Scholar
  58. Shepherd, W. G., Structure and Behaviour in British Industries with U.S. Comparisons, The Journal of Industrial Economics, Nov. 1972a.Google Scholar
  59. Shepherd, W. G., The Elements of Market Structure, The Review of Economics and Statistics, Feb. 1972b.Google Scholar
  60. Singh, A. and G. Whittington, Growth, Profitability and Valuation, Cambridge University Press, 1968.Google Scholar
  61. Utton, M. A., The Effect of Mergers on Concentration: U.K. Manufacturing Industry, 1954–65, Journal of Industrial Economics, 19, nr. 1, November 1971.Google Scholar
  62. Van Meerhaeghe, M. A. G. Marktvormen, marktgedrag, marktresultaten in België, Story-Scientia, Gent, 1963.Google Scholar
  63. Weiss, L., Quantitative Studies of Industrial Organization, in M. D. Intriligator (ed.), Frontiers of Quantitative Economics, Contribution to Economic Analysis, n° 71, North-Holland, Amsterdam, 1971.Google Scholar
  64. Whittington, G., Changes in the Top 100 Quoted Manufacturing Companies in the U.K., 1948 to 1968, The Journal of Industrial Economics, nr. 1, november 1972.Google Scholar
  65. Wunden, W. Die Textilindustrie in der Bundesrepublik, Kyklos, Verlag, Bazel, 1969.Google Scholar

Copyright information

© H. E. Stenfert Kroese B.V. 1976

Authors and Affiliations

  • Alex P. Jacquemin
  • Louis Phlips

There are no affiliations available

Personalised recommendations