CONCERN about bigness and about aggregate concentration-the percentage of some national economic measure controlled by the leading companies in the nation-has been a recurring theme in the Unite
TEXTBOOK microeconomic theory has mostly neglected the more refined aspects of the economic problems associated with the existence of firms operating multiple plants.
ADVANCES in technology are widely regarded as major sources of improve- ments in the competitive positions of firms and industries as well as of increases in national economic growth rates and s
THE purpose of this paper is to report the evidence about the diversification of large Japanese firms.
THIS paper uses the Capital Asset Pricing Model (CAPM) to examine the joint price (quantity)-advertising decision for the monopolist under uncertainty.
SEVERAL authors-among them Fisher and Viton [8], Keeler et al. [i2], Pozdena [I 7], and Small [22, 23] have pointed out the apparent superiority of bus transit over other forms of mass transit.
THE work on long-run changes in industrial concentration inaugurated by the classic I956 article of Professors Hart and Prais and continued by them and by others has reached generally agree
THE contribution of mergers to the increase in industrial concentration raises important issues for economists, for economic historians and for governments' economic policies on mergers.
We agree that there are possible biases in our sampling procedure. Any calculations based on imperfect historical data and limited samples are subject to error.
