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Is Competition in Industry Ruinous

Eliot Jones
The Quarterly Journal of Economics
Vol. 34, No. 3 (May, 1920), pp. 473-519
Published by: Oxford University Press
Stable URL: http://www.jstor.org/stable/1883363
Page Count: 47
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Abstract

Introduction, 473.--I. Comparison of railroads and industrial enterprises, 476.--A. Statistical analysis, 478.--Ratio of fixed to variable expenses, 480.--Ratio of interest charges to total expenses, 481.--Ratio of capital investment to annual value of products, 484.--B. Some theoretical considerations bearing on the differences between railroads and industrial enterprises, 488.--Importance of fixed plant, 488.--Specialized character of plant, 490.--Operation of law of increasing returns, 491.--Presence of joint cost, 492.--Number of competitors, 493.--Effect of slight reduction in prices, 494.--Danger of spoiling the market, 494.--II. Study of individual industries, 497.--Iron and steel, 498.--Anthracite coal, 502.--Harvesting machine, 503.--Sugar, 505.--Tobacco, 507.--Whisky, 509.--Cordage, 511.--Wall papers, 511.--Malt, 512.--Bicycle, 512.--Tin can, 513.--Corn starch, 514.--Sole leather, 515.--Salt, 516.--Asphalt, 517.--Conclusion, 518.