Group profit, market share and efficiency: Evidence from Australian manufacturing

被引:0
|
作者
Bhattacharya, M [1 ]
机构
[1] Monash Univ, Dept Econ, Caulfield, Vic 3145, Australia
关键词
Antitrust; Australia; efficiency; profit; strategic behavior;
D O I
10.1023/A:1013888621518
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper explains the intra-industry variations of profit in Australian manufacturing. Considering three groups of firms, viz leading, secondary and follower groups, a profit model is developed for each group. Indicators of ``strategic behavior'' and ``efficiency'' are considered along with other control variables. Both equilibrium and dynamic versions of the model are tested using unpublished data at the enterprise level between 1977/78 and 1992/93. The findings support the importance of both strategic behavior and efficiency in determining group profits.
引用
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页码:187 / 199
页数:13
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