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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.

Suggested Citation

  • Mueller,Dennis C. (ed.), 1990. "The Dynamics of Company Profits," Cambridge Books, Cambridge University Press, number 9780521383721.
  • Handle: RePEc:cup:cbooks:9780521383721
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    Cited by:

    1. Dennis Mueller, 1996. "Antimerger policy in the United States: History and lessons," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 23(3), pages 229-253, October.
    2. repec:onb:oenbwp:y::i:36:b:1 is not listed on IDEAS
    3. Dennis Mueller & Burkhard Raunig, 1999. "Heterogeneities within Industries and Structure-Performance Models," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 15(4), pages 303-320, December.

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