Gopinath, Munisamy; Pick, Daniel; Li, Yonghai - In: Journal of Agricultural & Food Industrial Organization 1 (2003) 1
We investigate the effect of industrial concentration on productivity growth, a proxy for innovation, in the U.S. food … industries. Here, we search for a possible critical level of concentration, i.e., the inverted-U hypothesis beyond which its … relationship with productivity can turn negative. Productivity growth is specified as function of growth in concentration and vice …