Stanley Irwin Ornstein

Background

Ornstein, Stanley Irwin was born on January 31, 1939 in Los Angeles, California, United States. Son of Benjamin Henry and Miriam (Ringold) Ornstein.

Education

Bachelor of Science (Civil Engineering), Master of Science (Business Administration) San Diego University, 1960, 1965. Doctor of Philosophy University of California, Los Angeles, Calif., United States of America, 1970.

Career

Association, Planning Research Corporation, 1968-1970. Assistant Research Economics, Association Research Economics, Graduate School Management, University of California, Los Angeles, Calif., United States of America, 1970-1978, 1978-1984. Research Economics, Graduate School Management, University of California, Los Angeles, Calif., United States of America, United States of America

1984.

Works

More photos

• book

  • Industrial Concentration and Advertising Intensity (AEI studies ; 152)

    (Book by Ornstein, Stanley I.)

• Other Work

  • Author: Advertising and Concentration, 1977. Editor: Large Firms and United States Economy, 1973. Contributor articles to professional journals.

Views

My initial research interests were on the nature of competition and the extent of monopoly power. Early studies examined the relationship between industry concentration, advertising, and profit rates, as well as the determinants of market structure, After an absence, I recently returned to this field of study, examining changes over time in structureperformance relationships since that is the main issue. That is, do changes in concentration lead to changes in advertising or profits and vice versa?

I moved away from this area in the late 1970s, having come to believe that such interindustry studies tell us little about the extent of competition in industries, little of how monopoly is established, and little of how market structures evolve.

My focus shifted to individual industry studies, examining first the alcoholic beverage industries. This resulted in studies of the evolution of market structure and performance in beer, wine and distilled spirits. Estimates of demand elasticities for distilled spirits and beer and the influence of alcohol control laws on demand.

The role of price in controlling the social costs of drinking. And estimates of the monopoly welfare losses due to alcohol control laws.

In recent years my attention has been on individual antitrust issues as a method of studying competition and developing an understanding of monopoly power in real markets. The issues I addressed include resale price maintenance and cartels, advertising as a source of monopoly power, the impact of merger policy on market structure, vertical or collateral restraints, and joint ventures.

Membership

Member American Economic Association, Western Economic Association.

Connections

Married Andrea Jean Sidney, July 28, 1968.

Father:

Benjamin Henry Ornstein

Mother:

Miriam (Ringold) Ornstein

Spouse:

Andrea Jean Sidney