Economic Concentration, Volumes 2-4 |
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Page 785
... innovation and is so generally accepted by economists . The important question here is that of what structure of a market is a necessary condition for such improvements and those in processes also . While economists have not worked out ...
... innovation and is so generally accepted by economists . The important question here is that of what structure of a market is a necessary condition for such improvements and those in processes also . While economists have not worked out ...
Page 867
... innovations in the Schumpeterian system are steam power , railroads , electric power , and the automobile . All of these except the auto- mobile are material inputs ( power , transportation ) , but if we trace these innovations further ...
... innovations in the Schumpeterian system are steam power , railroads , electric power , and the automobile . All of these except the auto- mobile are material inputs ( power , transportation ) , but if we trace these innovations further ...
Page 954
... Innovation and the Growth of Firms , " American Economic Review , LII ( Dec. , 1962 ) , 1023-1051 ; and I. Silberman , A finding in the present study that industry growth is associated with changes in concen- tration would have damaging ...
... Innovation and the Growth of Firms , " American Economic Review , LII ( Dec. , 1962 ) , 1023-1051 ; and I. Silberman , A finding in the present study that industry growth is associated with changes in concen- tration would have damaging ...
Page 971
... Innovation and Growth of Firms , " American Economic Review , December , 1962 . 12. Murphy , C. J. V. , “ Lockheed Scrambles for the Battle of the Primes , " Fortune , February , 1965 . 13. Preston , L. E. , " Concentration and Rigidity ...
... Innovation and Growth of Firms , " American Economic Review , December , 1962 . 12. Murphy , C. J. V. , “ Lockheed Scrambles for the Battle of the Primes , " Fortune , February , 1965 . 13. Preston , L. E. , " Concentration and Rigidity ...
Page 1072
... CONCENTRATION , INVENTION , AND INNOVATION MAY 18 , 24 , 25 , 27 , AND JUNE 17 , 1965 Printed for the use of the Committee on the Judiciary 5-60√53 HEARINGS BEFORE THE SUBCOMMITTEE ON ANTITRUST AND MONOPOLY . U.S.. ECONOMIC CONCENTRATION.
... CONCENTRATION , INVENTION , AND INNOVATION MAY 18 , 24 , 25 , 27 , AND JUNE 17 , 1965 Printed for the use of the Committee on the Judiciary 5-60√53 HEARINGS BEFORE THE SUBCOMMITTEE ON ANTITRUST AND MONOPOLY . U.S.. ECONOMIC CONCENTRATION.
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Common terms and phrases
acquiring company acquisitions aircraft aluminum American antitrust assets basic BLAIR California census centration Chemical CHUMBRIS Clayton Act COHEN committee competition competitors concentration ratios conglomerate conglomerate mergers Corp corporations costs COULTER Court crude oil diversification economic economists effect employment engines equipment Fabricated metal fact Federal Trade Commission Goddard growth Honolulu important increase Industry category innovation integrated invention Kaysen large firms largest machinery major manufacturing market share ment merger activity metal million mills monopoly MUELLER National natural gas natural gas liquids number of firms oligopolistic oligopoly operating ORRICK output panies Paperboard patent percent petroleum plants problem Professor profits purchase question refinery refining relatively research and development result rocket Senator FONG Senator HART Senator HRUSKA Sherman Act significant small firms smaller statistical steel structure subcommittee technical Tidewater tion U.S. SENATE United Wall Street Journal
Popular passages
Page 687 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of...
Page 1120 - There is no more pleasant fiction than that technical change is the product of the matchless ingenuity of the small man forced by competition to employ his wits to better his neighbor. Unhappily, it is a fiction.
Page 1118 - The reasonable man adapts himself to the world : the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.
Page 688 - The boundaries of such a submarket may be determined by examining such practical indicia as industry or public recognition of the submarket as a separate economic entity, the product's peculiar characteristics and uses, unique production facilities, distinct customers, distinct prices, sensitivity to price changes, and specialized vendors.
Page 809 - It rests on the premise that the unrestrained interaction of competitive forces will yield the best allocation of our economic resources, the lowest prices, the highest quality and the greatest material progress, while at the same time providing an environment conducive to the preservation of our democratic political and social institutions.
Page 1233 - I say, technically, I don't think anybody in the world knows how to do such a thing, and I feel confident it will not be done for a very long period of time to come. ... I think we can leave that out of our thinking. I wish the American public would leave that out of their thinking.
Page 572 - market" which one must study to determine when a producer has monopoly power will vary with the part of commerce under consideration. The tests are constant. That market is composed of products that have reasonable interchangeability for the purposes for which they are produced — price, use and qualities considered.
Page 695 - The four railroad cases at least stand for the proposition that where merging companies are major competitive 673 factors in a relevant market, the elimination of significant competition between them, by merger or consolidation, itself constitutes a violation of § 1 of the Sherman Act.
Page 690 - Such a test lightens the burden of proving illegality only with respect to mergers whose size makes them inherently suspect in light of Congress' design in § 7 to prevent undue concentration.
Page 563 - The merger of appellees will result in a single bank's controlling at least 30% of the commercial banking business in the four-county Philadelphia metropolitan area. Without attempting to specify the smallest market share which would still be considered to threaten undue concentration, we are clear that 30% presents that threat...