<
https://theconversation.com/flying-under-the-radar-australias-silent-and-growing-competition-crisis-212116>
"Australia has long had far less competition in consumer markets than the US.
New research from the e61 Institute finds that in all but one of 17 broad
industry divisions identified by the Australian Bureau of Statistics,
Australian industries are on average more concentrated than their counterparts
in the United States.
The measure used is “CR4” – the market share of the top four firms.
In 2017, the most recent year for which we could obtain comparable figures,
Australia was far more prone to high levels of market concentration, with the
top four firms accounting for 80% of some markets and averaging more than 60%
across some industry categories.
Importantly, we find market concentration in Australia increasing over time.
Between 2006 and 2020 Australia’s average CR4 measure of concentration
increased 3 percentage points, with notable increases in industries that
initially had a moderate level of concentration, such as retail and transport."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
