| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w0163
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| 来源ID | Working Paper 0163
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| The Gains and Losses From Industrial Concentration |
| Sam Peltzman
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| 发表日期 | 1977
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| 出版年 | 1977
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| 语种 | 英语
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| 摘要 | In essence, this paper will try to decompose the concentration-profits relationship into separate concentration-price arid concentration-cost relationships. By doing this, I hope to shed light on some of the allocative and distributive issues that, I suspect, give the subject its intrinsic interest, but which have not so far been confronted empirically: Does high concentration save or waste resources? Does it lead to higher prices? Who gains and loses from a social policy hostile to high concentration? Since the unique aspect of the paper is its focus on a concentration-cost relationship, most of the analytical effort is spent here. I review the theory underlying such a relationship, and develop and implement a model designed to estimate its importance. Subsequently, I try to estimate how much of the usual profit-concentration relationship is due to cost effects and how much to price effects. The main conclusion is that, while price effects are not absent, the cost effects so dominate them as to cast doubt on the efficacy of any general legal rule hostile to industrial concentration. |
| URL | https://www.nber.org/papers/w0163
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/557357
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推荐引用方式
GB/T 7714 |
Sam Peltzman. The Gains and Losses From Industrial Concentration. 1977.
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文件名：
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w0163.pdf
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格式：
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Adobe PDF
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