TY - JOUR
T1 - Markets, Monopolies and Moguls
T2 - The Relationship between Inequality and Competition
AU - Leigh, Andrew
AU - Triggs, Adam
N1 - Publisher Copyright:
© 2016 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research
PY - 2016/12/1
Y1 - 2016/12/1
N2 - Analysing private market research data, we estimate the degree of market concentration across 481 industries in the Australian economy. On average, the largest four firms control 36 per cent of the market. Some industries are considerably more concentrated. In department stores, newspapers, banking, health insurance, supermarkets, domestic airlines, Internet service providers, baby food and beer, the biggest four firms control more than 80 per cent of the market. We suggest ways in which high market concentration may increase inequality and discuss some policy ideas to address the problem.
AB - Analysing private market research data, we estimate the degree of market concentration across 481 industries in the Australian economy. On average, the largest four firms control 36 per cent of the market. Some industries are considerably more concentrated. In department stores, newspapers, banking, health insurance, supermarkets, domestic airlines, Internet service providers, baby food and beer, the biggest four firms control more than 80 per cent of the market. We suggest ways in which high market concentration may increase inequality and discuss some policy ideas to address the problem.
UR - http://www.scopus.com/inward/record.url?scp=85000716760&partnerID=8YFLogxK
U2 - 10.1111/1467-8462.12185
DO - 10.1111/1467-8462.12185
M3 - Article
SN - 0004-9018
VL - 49
SP - 389
EP - 412
JO - Australian Economic Review
JF - Australian Economic Review
IS - 4
ER -