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

Joe S. Bain

The Quarterly Journal of Economics, 1951, vol. 65, issue 3, 293-324

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.

Date: 1951
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