On the concept of market concentration, the minimum Herfindahl-Hirschman index, and its practical application

Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Straipsnis / Article
Language:
Anglų kalba / English
Title:
On the concept of market concentration, the minimum Herfindahl-Hirschman index, and its practical application
Authors:
Krivka, Algirdas
In the Journal:
Panoeconomicus. 2016, 63, 5, p. 525-540
Keywords:
LT
Rinka. Rinkodara / Market. Marketing.
Summary / Abstract:

LTReikšminiai žodžiai: Rinkos struktūra; Rinkos koncentracija; Herfindahl-Hirschman indeksas; Market structure; Market concentration; Herfindahl-Hirschman index.

ENThe paper analyses the phenomenon of market concentration in the context of the most popular industrial organization approaches: the structure- conduct-performance (SCP) approach and the efficiency hypothesis (EH). The theory of market concentration evaluation is briefly presented, followed by an analysis of the main concentration indicators and their application in recent empirical research. The main problem in the practical application of the Herfindahl-Hirschman index (HHI) – the necessity to incorporate the market shares of all the enterprises in the market – is further addressed and the issue of calculating the minimum value of the HHI is analysed from the theoretical point of view and by modelling hypothetical markets. [From the publication]

DOI:
10.2298/PAN140407025K
ISSN:
1452-595X; 2217-2386
Subject:
Ekonomika / Economics
Related Publications:
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https://www.lituanistika.lt/content/81304
Updated:
2022-01-02 11:35:02
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