Concentration in Modern Industry: Theory, Measurement, and the U.K. Experience

acquired activity analysis appears argument assets average believe Britain British capital changes Chapter companies comparable concentration consider corporations costs decisions decline difficulties direction discussion distribution dominant doubt economic effect employees equally equivalent estimate evidence example existing expect extent fact factor Figure Gibrat effect give given greater growth rates higher important included increase indicator individual interest internal growth large firms larger largest leading less lognormal lower major manufacturing manufacturing industry market share means measure merger monopoly observed occurred organisation output particular period plants population possible principal probability problems profits properties proportion range ratio reasons reduce reflect relationship relative remain rise scale shown significance similar simply small firms smaller Sources structure studies substantial successful suggests suppose Table trends unit variance whole