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Entry, Exit and Market Contestability Evidence from Taiwan's Manufacturing Sector
Journal
經濟論文叢刊
Journal Volume
30
Journal Issue
4
Pages
491-530
Date Issued
2002
Date
2002
Author(s)
DOI
246246/2006121215550277
Abstract
In this paper, we provide empirical insights into the relationship between entry, exit, concentration, and market contestability using 1991 and 1996 Taiwan manufacturing census data. The empirical results show that positive net entry will decrease concentration. In addition, entry is motivated by expected profits, market demand growth, market size and the US market growth. The minimum efficient scale to market size, the capital requirement and product differentiation are factors discouraging. Moreover, research and development is a means of entry to markets by new firms. Through the estimation of barriers, we found some industries, which show low entry barriers and high entry, but high levels of concentration. These industries reflect the existence of contestable market.
Subjects
進入退出
集中度
市場競爭性
進入障礙
entry
exit
concentration
market contestability
Publisher
臺北市:國立臺灣大學經濟學系
Type
journal article
File(s)
No Thumbnail Available
Name
05.pdf
Size
23.56 KB
Format
Adobe PDF
Checksum
(MD5):c9cb80cf1c7e00456c87fbf54dbc0626