Among economists the work of John Sutton on industrial organisation has greatly altered the way they look at concentration and market structure. In his works he stresses the importance of exogenous and endogenous sunk costs to explain the evolution of market structure in various industrial...

We see that Belgian industrial dairy production before World War II lagged the developments of other countries in the same region and of the same size such as Denmark and The Netherlands. The share of home production remained remarkably high, while within the industrial segment the number of...