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Corporate Governance, Competition, and Political PartiesExplaining Corporate Governance Change in Europe$
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Roger M. Barker

Print publication date: 2010

Print ISBN-13: 9780199576814

Published to Oxford Scholarship Online: May 2010

DOI: 10.1093/acprof:oso/9780199576814.001.0001

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The Measurement of Product Market Competition

The Measurement of Product Market Competition

Chapter:
(p.116) 5 The Measurement of Product Market Competition
Source:
Corporate Governance, Competition, and Political Parties
Author(s):

Roger M. Barker

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199576814.003.0005

An evaluation is made of potential ways in which product market competition can be operationalized as part of a panel data econometric analysis. As with corporate governance, it is necessary to identify suitable proxy variables. The OECD's NMR index is chosen as the most plausible measure of product market competition, an assessment reflected in its widespread utilization in the empirical economics literature.

Keywords:   product market competition, economic rents, proxy variables, NMR index

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