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The Australian grocery industry: a competition perspective *
Author(s) -
Smith Rhonda L.
Publication year - 2006
Publication title -
australian journal of agricultural and resource economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 1364-985X
DOI - 10.1111/j.1467-8489.2006.00326.x
Subject(s) - harm , competition (biology) , perspective (graphical) , market power , business , industrial organization , power (physics) , marketing , barriers to entry , economics , commerce , market economy , market structure , ecology , physics , quantum mechanics , artificial intelligence , political science , computer science , law , biology , monopoly
This article discusses whether at a theoretical level the large and growing role of the vertically integrated supermarket chains raises a buyer‐power concern because of potential harm to other retailers, suppliers, and/or consumers. Even if this is possible, whether it is a real concern depends on whether provision exists to constrain the exercise of that power through market responses, such as entry, or through regulatory provisions, such as those contained in the Trade Practices Act.