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• W2074212530 abstract "Researchers in industrial organization and applied macroeconomics do not usually concern themselves greatly with the choice of the measure of concentration measures which are correlated; they usually opt for the easy to calculate four firm concentration ratio. We show that a high correlation between alternative measures does not ensure that empirical results will be insensitive to the choice of concentration measure and present empirical evidence for Canadian manufacturing industries showing that misspecification of the concentration measure leads to quantitatively important errors in the estimation of response elasticities. If a concentration ratio is used instead of the theoretically correct Herfindahl index in an industrial structure-performance relationship, the responsiveness of performance to concentration will be biassed upwards, the resulting elasticity being overestimated by some one hundred to two hundred per cent." @default.
• W2074212530 created "2016-06-24" @default.
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• W2074212530 date "1979-09-01" @default.
• W2074212530 modified "2023-09-23" @default.
• W2074212530 title "The optimal concentration measure: theory and evidence for Canadian manufacturing industries" @default.
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• W2074212530 doi "https://doi.org/10.1080/758531541" @default.
• W2074212530 hasPublicationYear "1979" @default.
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