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Large Firm Efficiency, Concentration, and Profitability in Defense Markets,
AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OH
This paper attempts to quantify the relative impacts of large firm efficiency and market power on profit margins in defense industries. The methodology employs a direct measure of firm efficiency together with a conventional measure of market power. Large firm efficiency and the effective use of market power appear to be generally present in industries characterized by decreasing costs. However, the basic defense industries - aircraft, missiles, ordnance, and shipbuilding - are notable for the absence of large firm efficiency and the absence of effective use of market power by leading firms. Author
This article is from 'Proceedings of the Federal Acquisition Research Symposium with Theme: Government, Industry, Academe: Synergism for Acquisition Improvement, held at Williamsburg, Virginia on 7-9 December 1983, AD-A137 700, p356-362.