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Merger Statistics Revisited: A Comment

Published online by Cambridge University Press:  03 March 2009

James M. MacDonald
James M. MacDonald
Affiliation:
National Economics Division, Economic Research Service of the United States Department of Agriculture, Washington, D.C. 20250.
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Abstract

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Type
Notes and Discussion
Information
The Journal of Economic History , Volume 43 , Issue 2 , June 1983 , pp. 483 - 485
Copyright
Copyright © The Economic History Association 1983

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References

1 Tilly, Richard, “Mergers, External Growth, and Finance in the Development of Large–Scale Enterprise in Germany, 1880–1913,” this JOURNAL, 42 (09 1982), pp. 629–58.Google Scholar

2 Tilly cites a book by Weston, J. Fred, The Role of Mergers in the Growth of Firms (Berkeley, 1950)Google Scholar, and uses his method. Early criticisms of this method were made by Brems, Hans in his review of Weston's book (Econometrica, vol. 22, pp. 395–97)CrossRefGoogle Scholar and by Stigler, George in “The Statistics of Monopoly and Merger,” Journal of Political Economy, 64 (02. 1956), 33–40.CrossRefGoogle Scholar

3 These figures are from Kocka, Jurgen, “The Modern Industrial Enterprise in Germany,” in Managerial Hierarchies: Comparative Perspectives on the Rise of Modern Enterprise, ed. Chandler, A. D. Jr, and Daems, H. (Cambridge, Massachusetts, 1980).Google Scholar

4 Ibid., pp. 79–88.