MARKET SIZE MATTERS

MARKET SIZE MATTERS

This paper characterizes the effects of market size on the size distribution of establishments for thirteen retail trade industries across 225 U.S. cities. In most industries we examine, establishments are larger in larger cities. Models of large-group competition in which markups fall after adding...

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Veröffentlicht in:The Journal of industrial economics 2005-03, Vol.53 (1), p.1-25
Hauptverfasser: Campbell, Jeffrey R., Hopenhayn, Hugo A.
Format: Artikel
Sprache:eng
Schlagworte:
Competition
Control variables
Economic models
Employment
Industrial market
Industry
Linear regression
Market competition
Market size
Product differentiation
Regression coefficients
Retail industries
Statistical significance
Studies
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Zusammenfassung:This paper characterizes the effects of market size on the size distribution of establishments for thirteen retail trade industries across 225 U.S. cities. In most industries we examine, establishments are larger in larger cities. Models of large-group competition in which markups fall after adding competitors can reproduce this observation.
ISSN:0022-1821
1467-6451
DOI:10.1111/j.0022-1821.2005.00243.x