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Seller concentration in the grain milling industry.

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dc.contributor.author Charumbira, Martin
dc.contributor.author Sunde, Tafirenyika
dc.date.accessioned 2012-07-06T12:19:22Z
dc.date.available 2012-07-06T12:19:22Z
dc.date.issued 2010
dc.identifier.citation Charumbira, 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.issn 1945-5488
dc.identifier.uri http://hdl.handle.net/10628/323
dc.description.abstract The 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.language.iso en en_US
dc.publisher Science Publications en_US
dc.subject Grain milling industry - Zimbabwe en_US
dc.subject Seller concentration en_US
dc.subject Concentration ratio en_US
dc.subject Oligopoly en_US
dc.subject Liberalisation en_US
dc.subject ESAP - Zimbabwe en_US
dc.title Seller concentration in the grain milling industry. en_US
dc.type Article en_US

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