Excerpt from An Analysis of the Dimensions of Productivity of the U. S. Automobile Industry and Some Explanations Besides the conventional measure of vertical integration shown in Figure we present in Figure an alternative measure of vertical integration, namely value added to cost of goods sold over cost of goods sold. The value added over sales measure of vertical integration includes market power aberrations reflected in sales, which tne latter measure avaios. We observe in Figure l(c, d) that the degree of vertical ...
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Excerpt from An Analysis of the Dimensions of Productivity of the U. S. Automobile Industry and Some Explanations Besides the conventional measure of vertical integration shown in Figure we present in Figure an alternative measure of vertical integration, namely value added to cost of goods sold over cost of goods sold. The value added over sales measure of vertical integration includes market power aberrations reflected in sales, which tne latter measure avaios. We observe in Figure l(c, d) that the degree of vertical integration for General flotors has declined significantly from 1951 and for Ferd from 1950 onwards. Since bath firms kept increasing their ourenasea naterials from vendors, we may h/pothesize that the industry experienced 1nc-aseo complexity of operations and/or higher aages. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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