Intra Industry Profitability Differences in Us Manufacturing 1953 1983

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Intra Industry Profitability Differences in Us Manufacturing 1953 1983
Richard Schmalensee
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In light of the systematic patterns observed here, it seems worthwhile to investigate intertemporal changes in 4> or related measures at lower levels of aggregation. Such work would provide a check on the validity of the results of this study (see footnote 12, above) and might well reveal informative inter- industry 23 differences in the patterns of changes in (j) over time.
22 For more on this issue, see Mueller (1986) and Schmalensee (1985, 1987).
23 Schmalensee (1987) found a variety of diff
...erences between 1963 -- 1972 changes in durable and nondurable goods industries, for instance.
- 31 REFERENCES Bain, J. S. "Relation of Profit Rate to Industry Concentration: American Manufacturing, 1936 - 1940. " Quarterly Journal of Economics, 65 (August 1951), 293-324. Benston, G. J. "The Validity of Prof its -Structure with Particular Reference to the FTC's Line of Business Data. " American Economic Review, 75 (March 1985), 37-67. Caves, R. E. And Pugel, T. A. InCraindustry Differences in Conduct and Performance, New York: New York University (Salomon Brothers Center for the Study of Financial Institutions), 1980.


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