An Empirical Study of Concentration, Efficiency and Performance: The Test of Efficiency-Structure Hypothesis in Chinese Feed-processing Industry

摘要

Based on market power hypothesis and efficiencystructure hypothesis of industrial organization theory, the concentration, efficiency and performance of Chinese feedprocessing industry were analyzed in this study, and the correlations among them were revealed. With the data of Chinese feed-processing industry, the validities of these theoretical hypotheses were tested. It shows that modified efficiencystructure hypothesis is applicable to the feed-processing industry. Comprehensive technical efficiency has positive influence on the performance and concentration of feed-processing industry. The increase of industrial scale promotes market share and at the same time improves the industrial performance, indicating the presence of certain economies of scale in feed-processing industry.