So, you didn’t have an underlying concern regarding concentration in the food industry?
If you did, here’s some data on full-service restaurants. (Actually, this table does not use the Herfindahl-Hirschman Index. Instead, it gives data on the top 4, 8, 20, and 50 firms in the sector.)
Perhaps someone out there is better at interpreting this table than I am, but it looks like, as of 2007 in the US, the top twenty firms took in slightly more than a sixth of the total revenue.
Note: This is only about full-service restaurants. Here is data about other sectors, though. I did not see anything else specifically about food.
I’m not sure what my concern was, I was probably just panicking at the thought of FB’s power. It is worrying however that people still consume food from fast food chains and the centre aisles of supermarkets. I most say the post was sloppy and not well thought out, but I need to articulate more so I had to start somewhere.
So, you didn’t have an underlying concern regarding concentration in the food industry?
If you did, here’s some data on full-service restaurants. (Actually, this table does not use the Herfindahl-Hirschman Index. Instead, it gives data on the top 4, 8, 20, and 50 firms in the sector.)
Perhaps someone out there is better at interpreting this table than I am, but it looks like, as of 2007 in the US, the top twenty firms took in slightly more than a sixth of the total revenue.
Note: This is only about full-service restaurants. Here is data about other sectors, though. I did not see anything else specifically about food.
I’m not sure what my concern was, I was probably just panicking at the thought of FB’s power. It is worrying however that people still consume food from fast food chains and the centre aisles of supermarkets. I most say the post was sloppy and not well thought out, but I need to articulate more so I had to start somewhere.