Industrial Concentration and Economic Inequality: Essays in Honour of Peter Hart
This is a collection of thoughtful, though fairly technical, articles connected by the research interests of Peter Hart. Linda Hesselman, The Business Economist How far can efficiency be pursued without sacrificing equity? Do fiscal changes designed to improve incentives necessarily lead to greater inequality of incomes? Does the profitability of big business really reflect economies of scale and scope or is it also a reflection of market power? In addressing these and other key questions, a group of internationally acclaimed economists demonstrates why issues of concentration and inequality in economic life are moving to the top of the political agenda in the 1990s. Drawing upon the pioneering work of Peter Hart, this volume reflects the range of his influence from theoretical examinations of measures of industrial concentration and income inequality, to detailed empirical explorations of changes in concentration over time. The volume includes essays on, among other issues, the Hart measure of income mobility, income distribution in Eastern Europe, the UK state pension scheme, trends in the concentration of UK manufacturing in the 1980s, the EC Merger Control Regulation, corporate research and development strategies and corporate technological specialization in international industries. Industrial Concentration and Economic Inequality will be particularly relevant for government policy makers, social analysts and economists concerned with income distribution and industrial policy.
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On the Hart measure of income mobility
The distribution of income in Eastern Europe
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analysis approach Atkinson average concentration basic research benefits cent changes chapter chemicals coefficient cohort Commission competition component concerned correlation costs countries covariance Creedy Czechoslovakia decile decision distribution of income dominant Eastern Europe Edward Elgar electrical empirical entry equipment estimated European evidence example factors firms Gini coefficient global grant Hart index Havilland Herfindahl index higher education household Hungary important income distribution income structure increase individual industrial economics Jacquemin Journal Klevmarken lifetime Lorenz curves market share mean measurement errors merger control merger policy oligopoly Oxford parent laboratory patent pension scheme percentage points period Peter Hart points per annum Poland position production rates of return ratio redistribution regression effect regulation relative Royal Statistical Society sales concentration sample scale scale invariance sectors significant Statistical studies survey Table technological activity technological specialization trade-adjusted trend University of Reading USSR variables variance wage rate