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Comment on “Monopoly and Wages”

Published online by Cambridge University Press:  07 November 2014

Irwin L. Herrnstadt
Irwin L. Herrnstadt*
Affiliation:
Northeastern University
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Type
Notes and Memoranda
Information
Canadian Journal of Economics and Political Science/Revue canadienne de economiques et science politique , Volume 27 , Issue 3 , August 1961 , pp. 379 - 382
Copyright
Copyright © Canadian Political Science Association 1961

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References

1 “Monopoly and Wages,” this Journal, XXVI, no. 3, 08, 1960, 428–38.Google Scholar

2 Garabino, J. W., “A Theory of Interindustry Wage Variation,’ Quarterly Journal of Economics, 05, 1950, 285–305.Google Scholar (Schwartzman's verdict appears on page 432 of his article.)

3 Ibid., 294 and n.8.

4 Unlike Garabino, who did not group industries by degree of concentration, Schwartzman used two groups, one of concentrated industries, the other of unconcentrated ones. The concentrated group included industries whose four leading firms together have at least half of the industry's employment, the unconcentrated group included industries whose four leading firms fall below this figure.