structure on firm conduct and productivity in a rapidly innovating industry. Both industries were competitive in the 1880s, and … formation of the Tobacco Trust in 1890, U.S. productivity growth slowed and the UK assumed the productivity lead. Productivity …-trust action in 1911. This case provides examples of competition leading to more rapid productivity growth through both more rapid …

plausibly argued to lead to increases in factor productivity in the private economy. This paper observes that government …