A long-run tendency of industry profit rates to converge to a single competitive level has been a fundamental tenet of the industrial organization approach to the study of competitiveness in a market economy. This paper shows that for the post-World War II period a weak equalization can be...

<Para ID="Par1">This paper investigates whether a search engine’s ordering of algorithmic results has an important effect on website traffic. A website’s ranking on a search engine results page is positively correlated with the clicks that it receives. This could result from the search engine’s accurately...</para>

This article attempts to analyze the assumptions which must be made in the transformation of values into prices. The author s argue that many of the "problems" discussed in the transformation literature are due to incorrect formulations of these assumptions. I f properly formulated, a...

[fre] La grande dépression, énigme d'hier ou d'aujourd'hui?. . En s'appuyant principalement sur dés études qui furent réalisées aux Etats-Unis dans les années vingt et trente, cet article présente les trois interprétations principales qui turent données de la crise de 1929 : rigidités...

Introducción. A pesar de los problemas económicos que se han experimentado en los pasados decenios en los Estados Unidos la Gran Depresión de los años treinta persiste como la crisis por excelencia. Fue la peor declinación económica en la historia de los Estados Unidos. La producción...

This study analyzes the important increase in the rate of profit which occurred in the United States during World War II. The gap between the predepression trend line, from 1900 to 1929, and the postwar line, from 1946 to 1989, is estimated as a shift of 15.8 percent in absolute terms (to be...

Industrial organization studies of pricing are examined, focusing on the formative debates of 1950-70. It is argued that most of these studies unknowingly adopted a mixture of classical and neoclassical theory, leading to three types of confusions. First, over what measure of profitability is...