Changes in concentration in the textile industry in recent years were examined. While the results indicated an in crease in concentration since 1958, Markov analysis of the leading firms in the industry suggested that major changes in concentration may have occurred already. In most cases, changes from 1958 to 1968 were greater than those pro jected to occur from 1968 to equilibrium. In view of the growth of the world textile industry, increased concentration in the U. S. textile industry may be necessary if it is to compete in world markets.
Adelman, I.G. , A Stochastic Analysis of the Size Distribution of Firms, American Statistical Association Journal, 53, 893-904 (1958).
2.
Anderson, T.W. and Goodman, L.A., StatisticalInference about Markov ChainsAnnals of Mathematical Statistics , 28, 89-110 (1957).
3.
Collins, N.R. and Preston, L., "Growth and Turnover of Food Processing Firms," Proceedings of the Annual Meeting of the Western Farm Economic Association, Stanford University, August 23-26, 1960.
4.
Collins, N.R. and Preston, L., The Structure of Food-Processing Industries 1935-1955, Journal of Industrial Economics, 9, 265-279 (1961).
5.
Feller, W., "An Introduction to Probability Theory and Its Applications," New York, Wiley, 1950.
6.
Hart, P.E. and Prais, S.J., The Analysis of Business Concentration: A Statistical Approach, Journal of the Royal Statistical Society. Series A, 119, 150-175 (1956).
7.
Judge, G.G. and Swanson, E.R., Markov Chains: Basic Concepts and Suggested Uses in Agricultural Economics, Australian Journal of Agricultural Economics, 6, 49-61 (1962).
"Moody's Industrial Manual," New York, Robert H. Messner (Publisher). Volumes 1959 through 1969
13.
Padberg, D.I. , The Use of Markov Processes in Measuring Changes in Market Structure, Journal of Farm Economics, 44, 189-199 (1962).
14.
U. S. Bureau of the Census, Annual Survey of Manufacturers: 1966, "Value of Shipment Concentration Ratios by Industry," M66(AS)-8, Washington (1968).
15.
U. S. House of Representatives, Committee on the Judiciary, "The Merger Movement in the Textile Industry," A staff report to Subcommittee No. 5., 84th Cong., 1st Sess., Washington (1955).
16.
U. S. Senate, Committee on the Judiciary, "Concentration Ratios in Manufacturing Industry, 1958," Report of the Subcommittee on Antitrust and Monopoly, 87th Cong., 1st Sess., Washington (1962).
17.
U. S. Senate, "Concentration Ratios in Manufacturing Industry 1963," Report of the Subcommittee on Antitrust and Monopoly, 89th Cong., 2nd Sess., Washington (1967).
18.
U. S. Sentate, "Economic Concentration," Hearing before the Subcommittee on Antitrust and Monoply, Part 1., 88th Cong., 2nd Sess., July 1, 2 and Sept. 9-11, 1964.
19.
U. S. Senate, "Economic Concentration," Part 2, 89th Cong., 1st Sess., March 16-18 and Apr. 13-15 and 21, 1965.
20.
U. S. Senate, "Economic Concentration," Part 6, 90th Cong., 1st Sess., Sept. 19, 20, 22, 25, 26; Oct. 2-4 and 6, 1967.
21.
U. S. Department of Labor, Bureau of Labor Statistics, "Technology and Manpower in the Textile Industry of the 1970's," Bulletin No. 1578, Washington, 1968
22.
U. S. Department of the Treasury, Internal Revenue Service, "Statistics of Income, Corporation Income Tax Returns," Selected issues.
23.
Yale, J.P., Innovation: Its Impact on Manmade Fibers, Modern Textiles Magazine, 47, 50-52 (1966).
