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Relation of Profit Rate to Industry Concentration: American Manufacturing, 1936-1940

Joe S. Bain
The Quarterly Journal of Economics
Vol. 65, No. 3 (Aug., 1951), pp. 293-324
Published by: Oxford University Press
Stable URL: http://www.jstor.org/stable/1882217
Page Count: 32
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Relation of Profit Rate to Industry Concentration: American Manufacturing, 1936-1940
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Abstract

I. The concentration-profits hypothesis, 294.--II. Industry definition, measure of concentration, and selection of sample, 297.--III. Character and limitations of profit data, 305.--IV. Calculation of accounting profit rates, 310.--V. Association of industry profit rates and concentration, 311.--VI. Association of firm profit rates and industry concentration, 317.--VII. Association of profit rates with other determinants, 321.--VIII. Summary, 323

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