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| Title: | | The relationship between knowledge intensity and market concentration in European industries: An inverted U-shape  |
| Authors: | | Krap, Niels Stephan, Johannes |
| Issue Date: | | 2008 |
| Series/Report no.: | | IWH-Diskussionspapiere 2008,3 |
| 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. |
| Subjects: | | market structure knowledge intensity competition policy |
| JEL: | | L16 L40 O33 |
| Persistent Identifier of the first edition: | | urn:nbn:de:gbv:3:2-7288 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IWH IWH-Diskussionspapiere, Institut für Wirtschaftsforschung Halle (IWH)
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