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The influence of corporate market power on health: exploring the structure-conduct-performance model from a public health perspective

Wood, Benjamin, Williams, Owain, Baker, Phil, Nagarajan, V and Sacks, Gary 2021, The influence of corporate market power on health: exploring the structure-conduct-performance model from a public health perspective, Globalization and health, vol. 17, pp. 1-17, doi: 10.1186/s12992-021-00688-2.

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Title The influence of corporate market power on health: exploring the structure-conduct-performance model from a public health perspective
Author(s) Wood, BenjaminORCID iD for Wood, Benjamin orcid.org/0000-0002-8072-9066
Williams, Owain
Baker, PhilORCID iD for Baker, Phil orcid.org/0000-0002-0802-2349
Nagarajan, V
Sacks, GaryORCID iD for Sacks, Gary orcid.org/0000-0001-9736-1539
Journal name Globalization and health
Volume number 17
Article ID 41
Start page 1
End page 17
Total pages 17
Publisher BioMed Central
Place of publication London, Eng.
Publication date 2021
ISSN 1744-8603
1744-8603
Keyword(s) Antitrust policy
Corporate power
Firm conduct
Industry structure
Market failure
Market power
Science & Technology
Life Sciences & Biomedicine
Public, Environmental & Occupational Health
Summary Background
The detrimental impact of dominant corporations active in health-harming commodity industries is well recognised. However, to date, existing analyses of the ways in which corporations influence health have paid limited attention to corporate market power. Accordingly, the public health implications of concentrated market structures, the use of anti-competitive market strategies, and the ways in which market power mediates the allocation and distribution of resources via market systems, remain relatively unexplored. To address this gap, this paper aimed to identify and explore key literature that could inform a comprehensive framework to examine corporate market power from a public health perspective. The ultra-processed food (UPF) industry was used to provide illustrative examples.
Methods
A scoping review of a diverse range of literature, including Industrial Organization, welfare economics, global political economy and antitrust policy, was conducted to identify important concepts and metrics that could be drawn upon within the field of public health to understand and explore market power. The Structure-Conduct-Performance (SCP) model, a guiding principle of antitrust policy and the regulation of market power, was used as an organising framework.
Results
We described each of the components of the traditional SCP model and how they have historically been used to assess market power through examining the interrelations between the structure of industries and markets, the conduct of dominant firms, and the overall ability of markets and firms to efficiently allocate and distribute the scarce resources.
Conclusion
We argue that the SCP model is well-placed to broaden public health research into the ways in which corporations influence health. In addition, the development of a comprehensive framework based on the key findings of this paper could help the public health community to better engage with a set of policy and regulatory tools that have the potential to curb the concentration of corporate power for the betterment of population health.
Language eng
DOI 10.1186/s12992-021-00688-2
Indigenous content off
Field of Research 1117 Public Health and Health Services
HERDC Research category C1 Refereed article in a scholarly journal
Free to Read? Yes
Persistent URL http://hdl.handle.net/10536/DRO/DU:30150075

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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.