The Dominant Firm in Relation to Market Structure

  • William G. Shepherd
Chapter
Part of the Nijenrode Studies in Economics book series (NIEC, volume 2)

Abstract

The dominant firm is an unsolved puzzle of industrial organization. A sizable number of dominant firms in large industries manage to retain high market shares and high rates of profit, despite the absence of large technical economies of scale. This has baffled scientific analysis, and it has put antitrust and regulatory policies in awkward positions. It has sown discord among us, setting ‘Chicagoans’ against others in the field.

Keywords

Sugar Corn Income Shrinkage Product Line 

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Copyright information

© H. E. Stenfert Kroese B. V. 1977

Authors and Affiliations

  • William G. Shepherd

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