| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w11847
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| 来源ID | Working Paper 11847
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| Competition in Large Markets |
| Jeffrey R. Campbell
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| 发表日期 | 2005-12-12
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| 出版年 | 2005
|
| 语种 | 英语
|
| 摘要 | This paper develops a simple and robust implication of free entry followed by competition without substantial strategic interactions: Increasing the number of consumers leaves the distributions of producers' prices and other choices unchanged. In many models featuring non-trivial strategic considerations, producers' prices fall as their numbers increase. Hence, examining the relationship between market size and producers' actions provides a nonparametric tool for empirically discriminating between these distinct approaches to competition. To illustrate its application, I examine observations of restaurants' seating capacities, exit decisions, and prices from 224 U.S. cities. Given factor prices and demographic variables, increasing a city's size increases restaurants' capacities, decreases their exit rate, and decreases their prices. These results suggest that strategic considerations lie at the heart of restaurant pricing and turnover. |
| 主题 | Industrial Organization
; Market Structure and Firm Performance
; Industry Studies
|
| URL | https://www.nber.org/papers/w11847
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569498
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推荐引用方式
GB/T 7714 |
Jeffrey R. Campbell. Competition in Large Markets. 2005.
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文件名：
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w11847.pdf
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格式：
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Adobe PDF
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