Description
Book SynopsisHow 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.
Trade Review’This is a collection of thoughtful, though fairly technical, articles connected by the research interests of Peter Hart.’ -- Linda Hesselman, The Business Economist
Table of ContentsPart 1 Income inequality: on the Hart measure of income mobility, Anthony F. Shorrocks; the distribution of income in Eastern Europe, A.B. Atkinson and John Micklewright; wage rate mobility and measurement errors - an application to Swedish panel data, N. Anders Klevmarken; higher education - grants, taxation and lifetime inequality, John Creedy and Patrick Francois; will younger cohorts obtain a worse deal from the UK state pension scheme?, Richard Disney and Edward Whitehouse. Part 2 Industrial concentration: are industrial economists still interested in concentration?, Michael Waterson; trends in concentration in UK manufacturing, Michael Utton; merger appraisal under the EC merger control regulation, Eleanor J. Morgan; corporate research and development strategies - the influence of firm, industry and country factors on the decentralization of research and development, Mark Casson and Satwinder Singh; corporate technological specialization in international industries, John Cantwell.
