The Relationship Between Concentration and Profitability
Author | : Wallace Petersen |
Publisher | : |
Total Pages | : 136 |
Release | : 1976 |
Genre | : Industrial concentration |
ISBN | : |
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Author | : Wallace Petersen |
Publisher | : |
Total Pages | : 136 |
Release | : 1976 |
Genre | : Industrial concentration |
ISBN | : |
Author | : Norman R. Collins |
Publisher | : Univ of California Press |
Total Pages | : 184 |
Release | : 1968 |
Genre | : Business & Economics |
ISBN | : 9780520002548 |
Author | : Michael Smirlock |
Publisher | : |
Total Pages | : 50 |
Release | : 1984 |
Genre | : Bank marketing |
ISBN | : |
Author | : Luca Bonardi |
Publisher | : |
Total Pages | : 346 |
Release | : 2001 |
Genre | : Advertising, Industrial |
ISBN | : |
Author | : Jan Keil |
Publisher | : |
Total Pages | : 50 |
Release | : 2017 |
Genre | : |
ISBN | : |
This paper explains an empirical paradox which is often found, but generally ignored: a significant negative econometric relationship between profitability and market share concentration. The phenomenon can appear when there is a negative correlation between market share and costs - for example due to economies of scale. I show that concentration becomes an indicator for the cost competitiveness of direct rivals within an industry. Profitability of a given firm is undermined if price correlates positively with average industry costs (Classical natural prices) and frictions like sunk costs make an industry exit expensive for firms. This idea also explains the frequent findings of highly persistent profit rate differentials.
Author | : Leonard W. Weiss |
Publisher | : MIT Press (MA) |
Total Pages | : 290 |
Release | : 1989 |
Genre | : Business & Economics |
ISBN | : 9780262231435 |
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>
Author | : Norman R. Collins |
Publisher | : Univ of California Press |
Total Pages | : 182 |
Release | : 2023-11-10 |
Genre | : Business & Economics |
ISBN | : 0520311612 |
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 | : John Cameron Tamblyn |
Publisher | : |
Total Pages | : 368 |
Release | : 1982 |
Genre | : Commerce |
ISBN | : |
Author | : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly |
Publisher | : |
Total Pages | : 1122 |
Release | : 1964 |
Genre | : Big business |
ISBN | : |