Economic Papers, 1966-69U.S. Government Printing Office, 1970 - 313 pages |
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Common terms and phrases
$10 million 200 largest manufacturing acquired assets acquiring company advertising American Industry analysis Appendix Table areas average profit rates Beatrice Foods Bureau of Economics Celler-Kefauver Act cement chains challenged acquisitions Clayton Act Committee companies with assets competition complaints challenged Concentration Ratios conglomerate mergers Conrad and Plotkin Consolidated Foods consumer goods industries decision Docket drug industry effect enforcement policy entry Federal Trade Commission fluid milk Food Manufacturing food retailing Galbraith growth horizontal mergers Ibid increase intra-industry variance involved leading companies manufacturing and mining manufacturing corporations market concentration market position market power market share market structure merger activity National Tea Number Assets Number of companies oil shale operations panies period petroleum potential competitors product differentiation public policy rate of return result risk Safeway shoe manufacturers significant Source Staff Report Standard Oil Standard Oil Co statistical Steel substantial tion total assets U.S. Senate vertical integration vertical mergers
Popular passages
Page 29 - Government to use all practicable means consistent with its needs and obligations and other essential considerations of national policy, with the assistance and cooperation of industry, agriculture, labor, and State and local governments, to coordinate and utilize all its plans, functions, and resources for the purpose of creating and maintaining, in a manner calculated to foster and promote free competitive enterprise and the general welfare, conditions under which there will be afforded useful...
Page 261 - Extensive hearings followed before the House Committee on Ways and Means, and the Senate Committee on Finance.
Page 137 - People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
Page 109 - We reach this conclusion because the trend toward vertical integration in the shoe industry, when combined with Brown's avowed policy of forcing its own shoes upon its retail subsidiaries, may foreclose competition from a substantial share of the markets for men's, women's, and children's shoes, without producing any countervailing competitive, economic, or social advantages.
Page 220 - It can absorb losses that consume the entire capital of a smaller rival * * * moment by moment the big company can outbid, outspend, or outlose the small one; and from a series of such momentary advantages it derives an advantage in attaining its large aggregate results.
Page 74 - But generally over the field of industry and finance we must revive and strengthen competition if we wish to preserve and make workable our traditional system of free private enterprise.
Page 22 - These findings among other things raise doubts whether the big, monopolistic conglomerate corporation Is as efficient an engine of technological change as disciples of Schumpeter (including myself) have supposed It to be. Perhaps a bevy of fact-mechanics can still rescue the Schumpeter engine from disgrace, but at present the outlook seems pessimistic.
Page 275 - When a firm undertakes this policy after a rational investment decision, it expects to enhance its longrun profits by virtue of the effects of subsidization on the structure of the subsidized markets and the firm's relative position in these markets.
Page 113 - Of course, some of the results of large integrated or chain operations are beneficial to consumers. Their expansion is not rendered unlawful by the mere fact that small independent stores may be adversely affected. It is competition, not competitors, which the Act protects. But we cannot fail to recognize Congress...
Page 266 - Congress. Specifically, the share of manufacturing assets held by the 100 largest corporations in 1968 was greater than the share of manufacturing assets held by the 200 largest corporations in 1950, the year Congress enacted the Celler-Kefauver amendment to Section 7 of the Clayton Act.