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Industrial Concentration
Comparison of monopoly trends and the economic implications in the UK and the USA - includes economic theories of industrial concentration, the marketing behaviour and profit performance of industrial mergers, etc. Bibliography pp. 125 to 128 and statistical tables.
Productivity and Prices
Study of trends in industrial concentration and their implications for prices and productivity in the USA manufacturing industry, 1947 to 1972 - shows that higher productivity growth and smaller price increases occurred where concentration increased most; claims that industrial policy should not hinder formation of quasimonopolys. Graphs, references and tables.
A Critical Evaluation of the Chicago School of Antitrust Analysis
The publication of this clinically analytical and trenchantly insightful volume is felicitously timed. By fortuitous coincidence, it comes at a time when the Chicago School enjoys a high-water mark of acceptance in U.S. legal circles, and at a time when the U.S. merger movement of the 1980s is cresting. It provides a welcome warning against the dangers of translating abstract theories, based on highly restrictive (and unrealistic) assumptions, into facile public policy recommendations. As such the Schmidt/Rittaler study serves as a needed antidote to the currently fashionable predilection to confuse ideology with science. In the Chicago lexicon, the only appropriate policy toward business is...
Industrial Concentration and Inflation
Industrial economics pamphlet exploring the relationship between size of enterprise and inflation in the USA - refutes economic theory claiming industrial concentration to be a source of inflation, and concludes that deconcentration would have negative effects.
