Interpreting Rising Concentration: The Case of Beer Export

@article{citeulike:132900, abstract = {Antitrust concern with industry concentration focuses on market power-the ability of firms to restrict output and raise price. The brewing industry, among others, has been a major target of this concern because of its high and rising concentration. This paper sketches two alternative explanations for this change in industry structure: competitive expansion by the more efficient brewers and anticompetitive exclusion of equally efficient but smaller brewers. Empirical analysis indicates that competition is the better hypothesis in explaining changes in the structure of the beer market.}, author = {Lynk, William J.}, citeulike-article-id = {132900}, citeulike-linkout-0 = {http://www.jstor.org/stable/2352887}, journal = {The Journal of Business}, keywords = {predation}, number = {1}, pages = {43--55}, posted-at = {2005-03-18 14:31:31}, priority = {2}, title = {Interpreting Rising Concentration: The Case of Beer}, url = {http://www.jstor.org/stable/2352887}, volume = {57}, year = {1984} }

TY - JOUR ID - citeulike:132900 L3 - citeulike-article-id:132900 N2 - Antitrust concern with industry concentration focuses on market power-the ability of firms to restrict output and raise price. The brewing industry, among others, has been a major target of this concern because of its high and rising concentration. This paper sketches two alternative explanations for this change in industry structure: competitive expansion by the more efficient brewers and anticompetitive exclusion of equally efficient but smaller brewers. Empirical analysis indicates that competition is the better hypothesis in explaining changes in the structure of the beer market. IS - 1 JF - The Journal of Business EP - 55 TI - Interpreting Rising Concentration: The Case of Beer VL - 57 SP - 43 KW - predation AU - Lynk, William PY - 1984/// UR - http://www.jstor.org/stable/2352887 ER -