Jamil wrote: > In other words, even if competition appears to be "intense," > profit rates in oligopolistic vs. competitive sectors tend to be highly skewed > in favor of oligopolistic sector. At least all of the the evidence I've seen > supports this view. If you have contrary evidence, I'd be interested in seeing > it.
Hi Jamil. This is interesting. To start with, would you mind sharing the evidence that you have so far seen? Take this with a grain of salt (I haven't looked at the data seriously), but IIRC Anwar Shaikh used to present in his lectures data showing that, over the long run, companies with large shares in a given market or industry didn't have consistently higher profit rates than the rest. This made logical sense to me, although these are not things one can decide on speculatively. _______________________________________________ pen-l mailing list pen-l@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/pen-l
