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33 Antitrust Bull. 161 (1988)
A Measure of the Effect of Diversification, through External Growth, on Industrial Concentration: Some Illustrations

handle is hein.journals/antibull33 and id is 169 raw text is: The Antitrust Bulletin/Spring 1988 A measure of the effect of diversification, through external growth, on industrial concentration: some illustrations BY ANDRtAS ANTONIOU* I. Introduction The problem of measuring industrial concentration has kept economists and statisticians busy for several decades. Many economists are convinced that such an index will be able to give an accurate picture of the structure of the industry in question, and thus enable them to say something about the conduct and/or the performance of that sector. My purpose in this study is not to discuss the merit of this belief.' Rather, it is to propose a new * Assistant Professor, Department of Economics, Laurentian Uni- versity. AUTHOR'S NOTE: An earlier and different version of this paper was presented at the annual meeting of the Canadian Economic Association in Montrtal, May, 1985. I See among other recent contributions, R.S. Clarke, et al., The Profitability-Concentration Relation: Market Power on Efficiency, @ 1988 by Federal Legal Publications, Inc.

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