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The Dynamics of Company Profits

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  • Mueller,Dennis C.

Abstract

Do company profits eventually converge on a common, competitive level? How long does the convergence process take? This book seeks to answer these questions through a comparison of company profitability using time-series data compiled at the firm level and at the industry level in Canada, France, Japan, Sweden, West Germany, the United Kingdom, and the United States. The emphasis is on long-run, dynamic processes, and the perspective is that of Joseph Schumpeter, with profits converging, if at all, to competitive levels only in the long run. The basic methodology of the book is presented in one chapter, with the subsequent chapters focusing on results for individual countries. A summary chapter presenting major resolutions and their implications concludes the book.

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Bibliographic Info

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This book is provided by Cambridge University Press in its series Cambridge Books with number 9780521383721 and published in 1990.

Order: http://www.cambridge.org/uk/catalogue/catalogue.asp?isbn=9780521383721
Handle: RePEc:cup:cbooks:9780521383721

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Web page: http://www.cambridge.org

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Cited by:
  1. Dennis Mueller, 1996. "Antimerger policy in the United States: History and lessons," Empirica, Springer, vol. 23(3), pages 229-253, October.
  2. Dennis Mueller & Burkhard Raunig, 1998. "Heterogeneities within industries and structure-performance models," Working Papers 36, Oesterreichische Nationalbank (Austrian Central Bank).

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