Testing the Competitive Environment and the Persistence of Profits Hypotheses

Testing the Competitive Environment and the Persistence of Profits Hypotheses In the present paper I examine Brozen's (1970, 1971a, b, c, 1982) Competitive Environment Hypothesis and Mueller's (1977) Persistence of Profits Hypothesis in the Greek manufacturing industries between 1958 and 1984. The analysis reveals a positive (market power) association between past and current price-cost margins, although a considerable scrambling in the ranks of price-cost margins takes place over time. A high concentration and high barriers to entry sub-sample of markets examined, showed a general reduction in concentration, barriers to entry and a mobility in price-cost margins ranks, indicating that disciplinary competitive forces are also at work within manufacturing markets. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Testing the Competitive Environment and the Persistence of Profits Hypotheses

Loading next page...
 
/lp/springer_journal/testing-the-competitive-environment-and-the-persistence-of-profits-fwJ0Y4SF1j
Publisher
Kluwer Academic Publishers
Copyright
Copyright © 1997 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1007744519391
Publisher site
See Article on Publisher Site

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

Monthly Plan

  • Read unlimited articles
  • Personalized recommendations
  • No expiration
  • Print 20 pages per month
  • 20% off on PDF purchases
  • Organize your research
  • Get updates on your journals and topic searches

$49/month

Start Free Trial

14-day Free Trial

Best Deal — 39% off

Annual Plan

  • All the features of the Professional Plan, but for 39% off!
  • Billed annually
  • No expiration
  • For the normal price of 10 articles elsewhere, you get one full year of unlimited access to articles.

$588

$360/year

billed annually
Start Free Trial

14-day Free Trial