Group Profit, Market Share and Efficiency: Evidence from Australian Manufacturing

Group Profit, Market Share and Efficiency: Evidence from Australian Manufacturing 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 Both equilibrium and dynamic versions of the model are tested using unpublished data at the enterprise level between 1977/78 and 1992/93.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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Group Profit, Market Share and Efficiency: Evidence from Australian Manufacturing

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Publisher
Springer Journals
Copyright
Copyright © 2002 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1013888621518
Publisher site
See Article on Publisher Site

Abstract

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 Both equilibrium and dynamic versions of the model are tested using unpublished data at the enterprise level between 1977/78 and 1992/93.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.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Oct 13, 2004

References

  • Specification and Testing the Profit Concentration Relationship in Australian Manufacturing
    Bhattacharya, M.; Bloch, H.

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