Concentration and Price

Concentration and Price PDF Author: Leonard W. Weiss
Publisher: MIT Press (MA)
ISBN: 9780262231435
Category : Business & Economics
Languages : en
Pages : 290

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Book Description
Does seller concentration in a market raise prices? Many attempts have been made to test this classic hypothesis of oligopoly theory, none of them convincing. Leonard Weiss and his colleagues have devised and applied a systematic set of direct tests of the concentration price hypothesis. In an innovative series of empirical studies, they examine the effect of concentration on price for the same item sold in markets that vary because of space, time, or transaction. They conclude that concentration does indeed tend to raise price. Studies in the book's first part test specific aspects of the concentration price hypothesis. These include a case study of Portland cement deregulated fares, the relation between change in price and change in concentration in the US and in the EEC, the effect of the numbers of bidders in auctions, and the effects of concentration on wages. The book's second part brings together for the first time previously published and widely scattered studies of the concentration price relationship in advertising media, retailing, the railroads, livestock purchasing, and banking. Viewed together, they provide powerful support for the role of concentration in determining price. Leonard W. Weiss is Professor of Economics at the University of Wisconsin, Madison.P>

Concentration and Price

Concentration and Price PDF Author: Leonard W. Weiss
Publisher: MIT Press (MA)
ISBN: 9780262231435
Category : Business & Economics
Languages : en
Pages : 290

Get Book Here

Book Description
Does seller concentration in a market raise prices? Many attempts have been made to test this classic hypothesis of oligopoly theory, none of them convincing. Leonard Weiss and his colleagues have devised and applied a systematic set of direct tests of the concentration price hypothesis. In an innovative series of empirical studies, they examine the effect of concentration on price for the same item sold in markets that vary because of space, time, or transaction. They conclude that concentration does indeed tend to raise price. Studies in the book's first part test specific aspects of the concentration price hypothesis. These include a case study of Portland cement deregulated fares, the relation between change in price and change in concentration in the US and in the EEC, the effect of the numbers of bidders in auctions, and the effects of concentration on wages. The book's second part brings together for the first time previously published and widely scattered studies of the concentration price relationship in advertising media, retailing, the railroads, livestock purchasing, and banking. Viewed together, they provide powerful support for the role of concentration in determining price. Leonard W. Weiss is Professor of Economics at the University of Wisconsin, Madison.P>

Concentration and Price-cost Margins in Manufacturing Industries

Concentration and Price-cost Margins in Manufacturing Industries PDF Author: Norman R. Collins
Publisher: Univ of California Press
ISBN: 9780520002548
Category : Business & Economics
Languages : en
Pages : 184

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Book Description


Sunk Costs and Market Structure

Sunk Costs and Market Structure PDF Author: John Sutton
Publisher: MIT Press
ISBN: 9780262193054
Category : Business & Economics
Languages : en
Pages : 600

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Book Description
Sunk Costs and Market Structure bridges the gap between the new generation of game theoretic models that has dominated the industrial organization literature over the past ten years and the traditional empirical agenda of the subject as embodied in the structure-conduct-performance paradigm developed by Joe S. Bain and his successors.

The Great Reversal

The Great Reversal PDF Author: Thomas Philippon
Publisher: Belknap Press
ISBN: 0674237544
Category : Business & Economics
Languages : en
Pages : 361

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Book Description
A Financial Times Book of the Year A ProMarket Book of the Year “Superbly argued and important...Donald Trump is in so many ways a product of the defective capitalism described in The Great Reversal. What the U.S. needs, instead, is another Teddy Roosevelt and his energetic trust-busting. Is that still imaginable? All believers in the virtues of competitive capitalism must hope so.” —Martin Wolf, Financial Times “In one industry after another...a few companies have grown so large that they have the power to keep prices high and wages low. It’s great for those corporations—and bad for almost everyone else.” —David Leonhardt, New York Times “Argues that the United States has much to gain by reforming how domestic markets work but also much to regain—a vitality that has been lost since the Reagan years...His analysis points to one way of making America great again: restoring our free-market competitiveness.” —Arthur Herman, Wall Street Journal Why are cell-phone plans so much more expensive in the United States than in Europe? It seems a simple question, but the search for an answer took one of the world’s leading economists on an unexpected journey through some of the most hotly debated issues in his field. He reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition. In the age of Silicon Valley start-ups and millennial millionaires, he hardly expected this. But the data from his cutting-edge research proved undeniable. In this compelling tale of economic detective work, we follow Thomas Philippon as he works out the facts and consequences of industry concentration, shows how lobbying and campaign contributions have defanged antitrust regulators, and considers what all this means. Philippon argues that many key problems of the American economy are due not to the flaws of capitalism or globalization but to the concentration of corporate power. By lobbying against competition, the biggest firms drive profits higher while depressing wages and limiting opportunities for investment, innovation, and growth. For the sake of ordinary Americans, he concludes, government needs to get back to what it once did best: keeping the playing field level for competition. It’s time to make American markets great—and free—again.

Entry Costs and the Macroeconomy

Entry Costs and the Macroeconomy PDF Author: Germán Gutiérrez
Publisher: International Monetary Fund
ISBN: 1513519611
Category : Business & Economics
Languages : en
Pages : 43

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Book Description
We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry and concentration. We validate our approach by showing that the model-implied entry shocks correlate with independently constructed measures of entry regulations and M&As. We conclude that entry costs have risen in the U.S. over the past 20 years and have depressed capital and consumption by about seven percent.

The Concentration of Measure Phenomenon

The Concentration of Measure Phenomenon PDF Author: Michel Ledoux
Publisher: American Mathematical Soc.
ISBN: 0821837923
Category : Mathematics
Languages : en
Pages : 194

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Book Description
The observation of the concentration of measure phenomenon is inspired by isoperimetric inequalities. This book offers the basic techniques and examples of the concentration of measure phenomenon. It presents concentration functions and inequalities, isoperimetric and functional examples, spectrum and topological applications and product measures.

Concentration and Power in the Food System

Concentration and Power in the Food System PDF Author: Philip H. Howard
Publisher: Bloomsbury Publishing
ISBN: 1472581148
Category : Social Science
Languages : en
Pages : 217

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Book Description
Nearly every day brings news of another merger or acquisition involving the companies that control our food supply. Just how concentrated has this system become? At almost every key stage of the food system, four firms alone control 40% or more of the market, a level above which these companies have the power to drive up prices for consumers and reduce their rate of innovation. Researchers have identified additional problems resulting from these trends, including negative impacts on the environment, human health, and communities. This book reveals the dominant corporations, from the supermarket to the seed industry, and the extent of their control over markets. It also analyzes the strategies these firms are using to reshape society in order to further increase their power, particularly in terms of their bearing upon the more vulnerable sections of society, such as recent immigrants, ethnic minorities and those of lower socioeconomic status. Yet this study also shows that these trends are not inevitable. Opposed by numerous efforts, from microbreweries to seed saving networks, it explores how such opposition has encouraged the most powerful firms to make small but positive changes.

Concentration

Concentration PDF Author: Ernest Wood
Publisher: Quest Books
ISBN: 0835630943
Category : Body, Mind & Spirit
Languages : en
Pages : 169

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Book Description
This perennial best-seller by a distinguished educator assembles 36 mental and physical exercises for taming the natural drifting of the mind. Newly designed edition of a practical manual for success.

Concentration

Concentration PDF Author: Stefan Van Der Stigchel
Publisher: MIT Press
ISBN: 0262357844
Category : Psychology
Languages : en
Pages : 224

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Book Description
A cognitive psychologist explores how smartphones, pop-up ads, and other distractions are impacting our attention spans—and what we can do to improve concentration. We are in the midst of an attention crisis—caused in large part by our smartphones. The a constant stream of information is making it harder and hard to concentrate. In this book, attention expert and cognitive psychologist Stefan Van der Stigchel explains how concentration works and offers advice on how to stay focused in a world of beeping smartphones, channel surfing, live-tweeting, pop-up ads, and other distractions. The good news is that we now know more about brain and behavior than ever before, and Van der Stigchel draws on the latest scientific findings to explain: • How the battle for our attention began long before the digital era • Why our phones are so addictive • The importance of working memory and how to increase its capacity • Why multitasking is bad for our concentration—as seen in the Best Picture debacle at the 2017 Oscars • The positive effects of taking “tech breaks”, meditation, and daydreaming • And much more! We can win the battle for our attention, Van der Stigchel argues, if we have the knowledge and the tools to do it.

Methodology of Concentration Analysis Applied to the Study of Industries and Markets

Methodology of Concentration Analysis Applied to the Study of Industries and Markets PDF Author: Remo Linda
Publisher: [Brussels] : Commission of the European Communities
ISBN:
Category : Industrial concentration
Languages : en
Pages : 162

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Book Description