@article{Vlachvei:174389,
      recid = {174389},
      author = {Vlachvei, A. and Oustapassidis, K.},
      title = {Advertising, concentration and profitability in Greek food  manufacturing industries},
      journal = {Agricultural Economics: The Journal of the International  Association of Agricultural Economists},
      address = {1998-03},
      number = {968-2016-75731},
      pages = {8},
      year = {1998},
      abstract = {The conventional framework for cross-sectional studies of  industrial organisation focuses on the hypothesised  relations among structure,
conduct and performance (SCP).  This paper investigates these relationships for the food  and beverage manufacturing industries in a
European  country, i.e., Greece. 3SLS method is used to estimate the  parameters of the profitability, concentration and  advertising model for
a sample of 38 four-digit industries  in 1994. The main results, which are in line with the  relevant empirical work, show that profitability  is
determined by advertising, which, in tum, is affected by  both profitability and concentration, while the latter is  determined by economies of
scale. © 1998 Elsevier Science  B. V.},
      url = {http://ageconsearch.umn.edu/record/174389},
      doi = {https://doi.org/10.22004/ag.econ.174389},
}