{"product_id":"concentration-and-pricecost-margins-in-manufacturing-industries-9780520306561","title":"Concentration and Price-Cost Margins in Manufacturing Industries","description":"\u003cp\u003e\u003c\/p\u003e\u003cblockquote\u003e\n\u003cbr\u003eAuthors Collins and Preston examine the relationship between business concentration and profitability in American manufacturing industries, discussing the gap between theoretical concept and measurement of concentration. They analyze statistical data for 1958 to obtain empirical results and explore the inter-industry variability of price-cost margins. \u003c\/blockquote\u003e\u003cp\u003e\u003cstrong\u003eFormat\u003c\/strong\u003e: Paperback \/ softback\u003cbr\u003e\u003cstrong\u003eLength\u003c\/strong\u003e: 182 pages\u003cbr\u003e\u003cstrong\u003ePublication date\u003c\/strong\u003e: 29 April 2022\u003cbr\u003e\u003cstrong\u003ePublisher\u003c\/strong\u003e: University of California Press\u003cbr\u003e\u003c\/p\u003e \u003cp\u003e\u003cbr\u003eAuthors Collins and Preston, who have collaborated on earlier studies of industrial organization and marketing, delve into the intricate relationship between business concentration and profitability in American manufacturing industries. According to economic theory, prices tend to be higher and price-cost margins wider in monopoly situations compared to competitive markets. However, the challenge lies in effectively applying this theoretical conclusion to empirical analysis and economic policy. A significant gap exists between the theoretical concept of monopoly and the measurement of concentration in practice. Several previous studies have attempted to correlate measured concentration with profitability by analyzing available data samples. The present study undertakes a comprehensive review of these previous endeavors, providing a unified framework for comparing and evaluating them. Furthermore, it conducts a statistical analysis of data from 1958, generating a vast collection of empirical results. This analysis specifically focuses on the inter-industry variability of price-cost margins and aims to elucidate the underlying factors contributing to this variability, including differences in concentration and other pertinent variables.\u003cbr\u003e\u003cbr\u003eThis title is proudly part of UC Press' Voices Revived program, a testament to our commitment to seeking out and nurturing the brightest minds, giving them a platform to express their ideas, reach a wider audience, and make a meaningful impact. Drawing upon a rich backlist dating back to 1893, Voices Revived employs print-on-demand technology to resurrect high-quality, peer-reviewed scholarship, making it accessible once again. Originally published in 1968, this title stands as a testament to the enduring legacy of academic excellence and intellectual exploration.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eWeight\u003c\/strong\u003e: 227g\u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 216 x 140 x 10 (mm)\u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9780520306561\u003c\/p\u003e","brand":"Norman R. Collins,Lee E. Preston","offers":[{"title":"Paperback \/ softback","offer_id":44094784602362,"sku":"9780520306561","price":27.51,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/products\/noImage_1_7ae31132-4fc4-4938-99c6-6becd5bfb2fb.jpg?v=1654013260","url":"https:\/\/shulphink.com\/products\/concentration-and-pricecost-margins-in-manufacturing-industries-9780520306561","provider":"Shulph Ink","version":"1.0","type":"link"}