Arbeitspapier

Heterogeneities within industries and structure-performance models

This paper tests whether the results from standard structure-conduct-performance [SCP] models estimated at the industry level are sensitive to the degree of heterogeneity of the firms in the industries. Industries are separated into homogeneous and heterogeneous categories depending on whether the profit rates of firms within an industry converge on a common value or not. In "homogeneous" industries we find that both the long-run projected returns on assets for the industries and Bureau of Census price-cost-margins are well explained by variables usually included in SCP models, as in particular industry concentration. In contrast, few if any of the usual SCP-model variables are statistically significant in the regressions for heterogeneous industries.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 36

Klassifikation
Wirtschaft
Thema
structure-conduct-performance models
heterogeneous industries

Ereignis
Geistige Schöpfung
(wer)
Mueller, Dennis
Raunig, Burkhard
Ereignis
Veröffentlichung
(wer)
Oesterreichische Nationalbank (OeNB)
(wo)
Vienna
(wann)
1998

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Mueller, Dennis
  • Raunig, Burkhard
  • Oesterreichische Nationalbank (OeNB)

Entstanden

  • 1998

Ähnliche Objekte (12)