The authors wish to express their gratitude to an anonymous referee of Economic Papers for his/her valuable comments and suggestions that improved the quality of the paper. Needless to say, the usual disclaimer applies.
Price Concentration: New Evidence from Greek Industries and the Cournot Model†
Article first published online: 20 JUN 2013
© 2013 The Economic Society of Australia
Economic Papers: A journal of applied economics and policy
Volume 32, Issue 2, pages 265–271, June 2013
How to Cite
Apergis, N. and Monastiriotis, V. (2013), Price Concentration: New Evidence from Greek Industries and the Cournot Model . Economic Papers: A journal of applied economics and policy, 32: 265–271. doi: 10.1111/1759-3441.12017
- Issue published online: 20 JUN 2013
- Article first published online: 20 JUN 2013
- cournot model;
- price concentration;
- Greek industries
This paper investigates the degree of competitive forces across Greek industries over the period 2000–2011 at the three-digit SIC level. Based on the simple Cournot modelling approach, three alternative models are used to investigate the competitive conditions across industries. The empirical results indicate that the majority of Greek industries, with the exception of the Chemicals industry, operate in non-competitive conditions.