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Author: Gianmaria Martini
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
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Author: Gianmaria Martini
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
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Book Description
Author: David R. Ross
Publisher:
ISBN:
Category : Corporate profits
Languages : en
Pages : 13
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Author: John Cameron Tamblyn
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 368
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Book Description
Author: Wallace Petersen
Publisher:
ISBN:
Category : Industrial concentration
Languages : en
Pages : 136
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Book Description
Author: Norman R. Collins
Publisher: Univ of California Press
ISBN: 9780520002548
Category : Business & Economics
Languages : en
Pages : 184
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Author: Norman R. Collins
Publisher: Univ of California Press
ISBN: 0520311612
Category : Business & Economics
Languages : en
Pages : 182
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Book Description
Authors Collins and Preston, who have collaborated on earlier studies of industrial organization and marketing, are here concerned with the relationship between business concentration and profitability in American manufacturing industries. Economic theory states that prices are higher and price-cost margins wider under conditions of monopoly than under those of competition. the problem in applying this theoretical conclusion to empirical analysis and economic policy is that a gap exists between the theoretical concept of monopoly on the one hand and the measurement of concentration on the other. A number of earlier studies have analyzed samples of available data to relate measured concentration to profitability. the present study reviews these previous efforts and provides a common basis for comparison of them. It then analyzes statistical data for the year 1958 in order to obtain an extensive new collection of empirical results. This analysis focuses specifically on the inter-industry variability of price-cost margins, and seeks to explain this variability in terms of differences in concentration and other variables. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1968.
Author: Raymond D. Sauer
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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An important and controversial stylized fact in industrial organization is the positive correlation between industry profit and concentration. There are many interpretations of this finding. One view is based on the classic theories of Chamberlin and Stigler, which imply that concentrated industries facilitate collusion, leading to supernormal profits. But independent, profit maximizing behavior in the Cournot model can also generate the positive correlation. A second fact--that intra-industry profit rates are correlated with market share--is the basis for an alternative interpretation of the first. In this paper we present an equilibrium model of oligopoly which generates these two implications and nests the classic behavioral assumptions of Bertrand, Cournot and Chamberlin. Among the alternative models we find that the Cournot version implies regression coefficients for the profits-concentration relation that are very close to the estimated coefficients in the empirical literature. Thus, what many regard as the benchmark model of oligopoly is consistent with one of the principal findings of the empirical literature.
Author: Jyhfen Kao
Publisher:
ISBN:
Category :
Languages : en
Pages : 134
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Author: Diana Heger
Publisher:
ISBN:
Category :
Languages : en
Pages : 12
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Theory predicts a positive relationship between market concentration and profitability in most scenarios. In empirical work, however, this relation is frequently not found or only a weak connection is observed. We compare the performance of concentration and market share variables, which are generated on the basis of the official industry classification, with information collected directly from firms. Information from companies on the number of competitors, their relative size and the intensity of price competition is highly significant in explaining profit levels, while none of the concentration indices performs well. Hence, the poor quality of industry data is responsible for the loose connection that is usually found between concentration and profitability.
Author: Luca Bonardi
Publisher:
ISBN:
Category : Advertising, Industrial
Languages : en
Pages : 346
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