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.
General
| Imprint: |
University of California Press
|
| Country of origin: |
United States |
| Release date: |
April 2022 |
| First published: |
1968 |
| Authors: |
Norman R. Collins
• Lee E. Preston
|
| Dimensions: |
216 x 140 x 10mm (L x W x T) |
| Format: |
Paperback
|
| Pages: |
182 |
| ISBN-13: |
978-0-520-30656-1 |
| Categories: |
Books
Promotions
|
| LSN: |
0-520-30656-2 |
| Barcode: |
9780520306561 |
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