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Article

A Market Concentration Analysis of the Biomass Sector in Romania

Faculty of Business Administration in Foreign Languages, Bucharest University of Academic Studies, 010374 Bucharest, Romania
Received: 23 April 2020 / Revised: 23 May 2020 / Accepted: 26 May 2020 / Published: 29 May 2020
(This article belongs to the Special Issue Renewables Application: Challenges and Perspectives)
The degree of market concentration is an important investigative tool used by competition authorities, as well as any public entity or undertaking that is interested in a specific market. There are several market concentration indices, but the most popular measure for computing the degree of market concentration is the Herfindahl–Hirschman Index (HHI). However, a limitation of this indicator is that its computation requires data on all the entities that are active in a market. Therefore, due to the large number of companies in some specific markets, sometimes it is cumbersome to compute the HHI. The aim of this paper was to develop an algorithm to estimate as accurately as possible the HHI in such cases, so that the degree of market concentration can be identified. An interdisciplinary application of this method on the Romanian biomass sector is presented at the end of this paper. View Full-Text
Keywords: biomass sector; market analysis; renewable energy; resources biomass sector; market analysis; renewable energy; resources
MDPI and ACS Style

Busu, M. A Market Concentration Analysis of the Biomass Sector in Romania. Resources 2020, 9, 64. https://0-doi-org.brum.beds.ac.uk/10.3390/resources9060064

AMA Style

Busu M. A Market Concentration Analysis of the Biomass Sector in Romania. Resources. 2020; 9(6):64. https://0-doi-org.brum.beds.ac.uk/10.3390/resources9060064

Chicago/Turabian Style

Busu, Mihail. 2020. "A Market Concentration Analysis of the Biomass Sector in Romania" Resources 9, no. 6: 64. https://0-doi-org.brum.beds.ac.uk/10.3390/resources9060064

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