Egwald Economics: Microeconomics: BC Industrial Concentration and Crown Corporations

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Egwald Economics: Microeconomics, Macroeconomics, and International Economics

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Elmer G. Wiens

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INDUSTRIAL CONCENTRATION AND CROWN CORPORATIONS IN BRITISH COLUMBIA

JUNE 1982, BY ELMER G. WIENS

The B.C. Government’s Cabinet Committee on Economic Development (C.C.E.D.) directive, which motivated this study, called for an examination of industrial concentration, crown corporations and projections of private and public investment intensions.

I carried out this research as an economist employed by the British Columbia government in the early 1980’s.

This research looks at mergers, corporate concentration, and associated policy concerns in British Columbia. These problems cover a wide range of topics. The concentration of ownership in the manufacturing and primary resource industries is one of the concerns in this study that B.C. is particularly concerned about. Crown corporations are another factor in British Columbia's industrial concentration. In the crucial industries of ports, rail, pipelines, and crude oil refineries, some non-B.C. crown enterprises hold important positions.

Furthermore, in a province like British Columbia, industrial concentration makes communities and the whole economy more vulnerable to downturns, project completions, and shocks to the global market by concentrating excessive activity on a small number of major sectors, particularly natural resources.

Part One: B.C. Industrial Concentration: BC_industrial_concentration.pdf.

Summary of B. C. Industrial Concentration: BC_industrial_concentration_summary.pdf.

Part Two: B.C. Crown Corporations: BC_crown_corporations.pdf.

Summary of B. C. Crown Corporations: BC_crown_corporations_summary.pdf.

Groc AI response to my question, "I think there is some merit to making this research public at this time even though it was based on the industrial structure of BC in 1982. What do you think?" Groc AI Response.

Works Cited and Consulted

Archibald, G.C., 1992. Information, Incentives and the Economics of Control. Cambridge, MA: Cambridge UP, 1992.
Harris, Richard G. and Elmer G. Wiens, 1977. "Dynamic Oligopoly, Investment in Capacity and Government Firms". Working Papers 266, Queen's University, Department of Economics, revised.
Harris, Richard G. and Elmer G. Wiens, 1979. "Investment in Capacity and a Normative Theory of the Dominant Public Firm." Working Papers 353, Queen's University, Department of Economics, revised.
Harris, Richard G. and Elmer G. Wiens, 1980. " Government Enterprise: An Instrument for the Internal Regulation of Industry." Canadian Journal of Economics, Canadian Economics Association, vol. 13(1), pages 125-32, February.
Hicks, J. R., 1939. Value and Capital. An Inquiry Into Some Fundamental Principles of Economic Theory. 2nd ed. Glasgow: Oxford UP.
Mansfield, Edwin. ed., 1978. Monopoly Power and Economic Performance: The Problem of Industrial Concentration. 4th ed. New York: Norton.
Merrill, W.C., and N. Schneider, 1966. "Government Firms in Oligopoly Industries." Quarterly Journal of Economics. 80: 400-412.
Wiens, Elmer G., 1978. "Government firm regulation of a vertically integrated industry." Carleton Economic Papers, Carleton University, Ottawa.
Wiens, Elmer G., 1978. ""A Positive Theory of Government Firm Regulation". UCLA Economics: Working Paper #134.
Wiens, Elmer G., 1979. "Petroleum Exploration, Property Rights and Externalities in the Canadian Arctic Islands." Center for the Study of Organizational Innovation, University of Pennsylvania, Discussion Paper #45.
Wiens, Elmer G., 1979. "Petro-Canada, Antitrust Legislation and Vertical Integration in the Canadian Petroleum Industry." Center for the Study of Organizational Innovation, University of Pennsylvania, Discussion Paper #41.
Wiens, Elmer G., 1999. "Government Enterprise: The Nexus of Socialism and Capitalism." http://www.egwald.ca/wiens/governmententerprises.php.
Wiens, Elmer G., 2000. "Oligopoly and the Public Firm With Managerial Incentives." http://www.egwald.ca/economics/econpage.php.
Wiens, Elmer G., 2001. "Imperfect Competition Models: Differentiated Oligopoly." http://www.egwald.ca/economics/monopolistic.php; "Imperfect Competition Models: Monopolistic Competition." http://www.egwald.ca/economics/monopolistic1.php.
Wiens, Elmer G., 2006. "The Political Economy of British Columbia's Rainforests." http://www.egwald.ca/ubcstudent/prose/politicaleconomy.php