The U.S. Man-Made Fiber Industry: Its Structure and Organization since 1948

By David I. Goldenberg | Go to book overview

5
Structural Determinants

The various U.S. man-made fibers subindustry structures were established and discussed in the prior chapter. Here the aim is to identify and understand the determinants of those structures. Three of many possible structural determinants are particularly important. Technology probably is the most significant determinant of these industry structures. Technology dictates the exact method and the inputs needed. Decisions in these spheres commit a firm for considerable periods, as the earlier discussion of technology showed.

This chapter's focus narrows to two issues: differentiation of firms vying in a particular subindustry, and the cost structures involved in extruding that family of goods. Firm differentiation is examined in the first section below before devoting the bulk of the chapter to the more critical matter of cost structures.


FIRM DIFFERENTIATION

Product heterogeneity was treated extensively above. It should therefore suffice to restate a few key points about man-made fiber heterogeneity as a foundation for other sources of differentiation of U.S. man-made fiber manufacturers. Man-made fibers of a given form within a particular genus generally are not substitutes either for other man-made fibers or for natural fibers. Independence, complementarity, or displacement, as shown earlier, are more common among fibers than substitution. As the various fiber families have low cross-elasticities, interfiber substitution is improbable without relative prices undergoing larger swings for longer periods than have been experienced to date. The absence of such price fluctuations is shown in the next chapter.

One of the main reasons man-made fibers' cross-elasticities are so low is that fiber usually is a small part of the cost of most final products. Carpet is the only large-volume exception. Suits consuming some five pounds of fiber generally retail for well over $100 today, although their constituent fibers'prices normally are below

-79-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
The U.S. Man-Made Fiber Industry: Its Structure and Organization since 1948
Table of contents

Table of contents

  • Title Page iii
  • Contents vii
  • List of Exhibits ix
  • 1 - Introduction and General Summary 1
  • 2 - The Industry's Background 7
  • 3 - Conditions of Supply and Demand 27
  • 4 - U.S. Man-Made Fibers Industries' Structures 65
  • 5 - Structural Determinants 79
  • 6 - Price Competition 107
  • 7 - Nonprice Rivalry 129
  • 8 - Performance 147
  • Appendices 165
  • Bibliography 257
  • Index 261
  • About the Author 283
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 286

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.