Search

Your search keyword '"Siotis, Georges"' showing total 4 results
Start Over Author "Siotis, Georges" Topic chemical industry
4 results on '"Siotis, Georges"'

3. Innovation and Market Structure: An Empirical Evaluation of the 'Bounds Approach' in the Chemical Industry

Author

Marín Uribe, Pedro Luis and Siotis, Georges

Subjects
jel:L11, jel:O31, jel:L65, bounds approach, chemical industry, innovation, market structure
Abstract

This Paper empirically tests the ‘bounds approach’ to industry structure proposed by Sutton ((1991), (1998)). To carry out this task, we focus on the chemical industry. Part of the novelty in this exercise is that we work on the finest possible level of disaggregation. Also, we identify demand substitutability from direct industry sources. This allows us to carefully define markets, and identify R&D intensity for each of them. Our empirical specification allows us to simultaneously test the predictions of Sutton (1991) and Sutton (1998). Our results provide strong support to Sutton’s theoretical framework.

Published
2002

4. INNOVATION AND MARKET STRUCTURE: AN EMPIRICAL EVALUATION OF THE ‘BOUNDS APPROACH’ IN THE CHEMICAL INDUSTRY.

Author

Marín, Pedro L. and Siotis, Georges

Subjects
CHEMICAL industry, MARKETS, COMMERCIAL products, RATIO analysis, BUSINESS enterprises
Abstract

This paper applies Sutton's [1998] ‘bounds approach’ to the chemical industry. The approach predicts that (i) the lower bound of the ratio of the 1-firm concentration index to product concentration is bounded away from zero at high levels of product concentration only in high R&D markets and (ii) the lower bound on market concentration is higher and increasing in product concentration in markets with higher R&D intensities. We test these two hypotheses and find that the data strongly support them. A novel feature of our analysis is the use of plant level data in defining products and the classification of products into markets based on end-use. [ABSTRACT FROM AUTHOR]

Published
2007
Full Text
View/download PDF

Catalog

Books, media, physical & digital resources
See catalog results