Seller concentration in the grain milling industry.

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dc.contributor.authorCharumbira, Martin
dc.contributor.authorSunde, Tafirenyika
dc.date.accessioned2012-07-06T12:19:22Z
dc.date.available2012-07-06T12:19:22Z
dc.date.issued2010
dc.description.abstractThe main purpose of the study was to explore the levels of concentration in Zimbabwe’s grain-milling industry during period 1985-2005. The study could not be extended to periods after 2005 because the situation in the country had become economically chaotic. Approach: The methodology adopted involved the calculation of the concentration indices such as the Herfindall-Hirschman index, Hannah and Kay index, the Entropy index and the Four-Firm Concentration ratio. Results: The study revealed that liberalisation of the industry reduced seller concentration levels. The response to deregulation in this particular sector confirms the theoretical expectation that liberalisation promotes competition and reduces market power of existing firms, which is also consistent with the world-wide trends. Conclusion: The policies adopted at the inception of Economic Structural Adjustment Programmed (ESAP) should be pursued more vigorously to create a manufacturing base which is open to competition and which is insulated from adverse effects of possible manipulation by a few large firms. Policy should be aimed at maintaining affordability of the basic commodities to the consumers as well as ensuring viability to the manufacturers. With high levels of industrial concentration, producers are able to operate at a higher-cost system without losing market share, but this is to the detriment of the consumers.en_US
dc.identifier.citationCharumbira, M., & Sunde, T. (2010). Seller concentration in the grain milling industry. American Journal of Economics and Business Administration, 2(3), 247-252.en_US
dc.identifier.issn1945-5488
dc.identifier.urihttp://hdl.handle.net/10628/323
dc.language.isoenen_US
dc.publisherScience Publicationsen_US
dc.subjectGrain milling industry - Zimbabween_US
dc.subjectSeller concentrationen_US
dc.subjectConcentration ratioen_US
dc.subjectOligopolyen_US
dc.subjectLiberalisationen_US
dc.subjectESAP - Zimbabween_US
dc.titleSeller concentration in the grain milling industry.en_US
dc.typeArticleen_US

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