Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

David R. Kamerschen

Abstract

In a recent article Samuels and Smyth (SS) examined the behaviour of profit rates, industrial concentration, and size of firms using data for a cross-section of 186 United Kingdom companies for the period 1954 to 1963.

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David R. Kamerschen ¹

Affiliations
1 Washington University, US

Abstract

One of the most interesting and difficult applications of the theory of monopolies is to the question whether the public interest is best served by the allotment of a distinct basin to each great railway, and excluding competition there. For the proposal it is urged that a railway can afford to carry two million passengers, or tons of goods, cheaper than one million: and that a division of the public demand between two lines will prevent either of them from offering a cheap service (Alfred Marshall, Principles of Economics, 8th Edition, 1920, BK. V, Ch. XIV, p. 485).

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