THE LIMITED ROLE OF MARKET POWER IN GENERATING GREAT FORTUNES IN GREAT-BRITAIN, THE UNITED-STATES, AND AUSTRALIA

被引:4
|
作者
SIEGFRIED, JJ [1 ]
BLITZ, RC [1 ]
ROUND, DK [1 ]
机构
[1] VANDERBILT UNIV,DEPT ECON,NASHVILLE,TN 37235
来源
JOURNAL OF INDUSTRIAL ECONOMICS | 1995年 / 43卷 / 03期
关键词
D O I
10.2307/2950580
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Studies of the largest contemporary fortunes in Great Britain, the United States, and Australia each find that over two-thirds of the fortunes originated in competitive industries. A finding that market power is responsible for only one-third of the wealth of the wealthiest individuals is consistent with earlier research. Great fortunes can arise from competitive industries because of risk and uncertainty, infra-marginal (Ricardian) rents, and disequilibrium.
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页码:277 / 286
页数:10
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