Concentration, Price, and Critical Concentration Ratios
尝试估计三种市场类型中的临界集中度比率,该参数对反垄断政策有潜在重要意义,若存在临界值,低于该水平的集中度可能不影响竞争。
A potentially important parameter that has not yet been convincingly estimated is the critical concentration ratio. This paper attempts to estimate it in three types of market. The estimation of a critical concentration ratio, if one exists, seems of potentially great importance because of its implication for antitrust policy. If a critical concentration ratio were found and if concentration had no effect below that level, it would seem to follow that a horizontal merger in a market where concentration was below the critical level and where the merger could not increase concentration to the critical level could not substantially lessen competition or tend to create monopoly.