The measure suggests an approach that classifies when an individual firm has a dominant position and therefore assesses market dominance.
Arguments
- x
A non-negative numeric vector.
- na.rm
A logical vector that indicates whether
NA
values should be excluded or not. Must be eitherTRUE
orFALSE
. The default isTRUE
. If set toFALSE
the computation yields a message if the vector containsNA
values. NAs will be removed for further computations.- digits
An optional value for digits. Specifies the minimum number of significant digits to be printed in values. The default is
NULL
and will use base R print option.
Details
concstats_sten
calculates the Stenbacka index,
which indicates the market share of a dominant position.
References
Melnik, A., Shy, Oz, Stenbacka, R., (2008), "Assessing market dominance", Journal of Economic Behavior and Organization, 68: pp. 63-72.
See also
Other Competition/Concentration measures:
concstats_all_comp()
,
concstats_comp()
,
concstats_dom()
,
concstats_hhi()
,
concstats_hhi_d()
,
concstats_hhi_min()
Examples
# a vector of market shares
x <- c(0.35, 0.4, 0.05, 0.1, 0.06, 0.04)
concstats_sten(x, digits = 2)
#> [1] 48.12
concstats_sten(x, digits = 3)
#> [1] 48.125
# a vector with NA values
x <- c(0.4, 0.2, 0.25, 0.1, 0.05, NA)
concstats_sten(x, na.rm = TRUE)
#> `x` has NA values. NAs have been removed for computation.
#> [1] 45.125