The relationship between knowledge intensity and market concentration in European industries : an inverted U-shape / Niels Krap and Johannes Stephan
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The relationship between knowledge intensity and market concentration in European industries
Discovery
577019252
URN
urn:nbn:de:gbv:3:2-7288
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Publication history
Halle (Saale) : Inst. für Wirtschaftsforschung, 2008
Content
Online-Ressource (PDF-Datei: 27 S.) : graph. Darst.
Edition
Language
eng
Comment
Zsfassungen in dt. und engl. Sprache
Parallel als Buch-Ausg. erschienen
Abstract
This paper is motivated by the European Union strategy to secure competitiveness for Europe in the globalising world by focussing on technological supremacy (the Lisbon - agenda). Parallel to that, the EU Commission is trying to take a more economic approach to competition policy in general and anti-trust policy in particular. Our analysis tries to establish the relationship between increasing knowledge intensity and the resulting market concentration: if the European Union economy is gradually shifting to a pattern of sectoral specialisation that features a bias on knowledge intensive sectors, then this may well have some influence on market concentration and competition policy would have to adjust not to counterfeit the Lisbon-agenda. Following a review of the available theoretical and empirical literature on the relationship between knowledge intensity and market structure, we use a larger Eurostat database to test the shape of this relationship. Assuming a causality that runs from knowledge to concentration, we show that the relationship between knowledge intensity and market structures is in fact different for knowledge intensive industries and we establish a non-linear, inverted U-curve shape. -- market structure ; knowledge intensity ; competition policy
Series
IWH-Diskussionspapiere ; 2008,3 ppn:37244492X