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Abstract
This paper derives the impact of market integration on equilibrium firm size and market concentration in horizontally differentiated industries. We show that market concentration (measured by the number of firms) can rise as a consequence of market integration if firms engage in RDcompetition. We also demonstrate that whether concentration occurs or not depends on the RDproduction function and on consumer preferences. This result implies that the welfare effects of market integration are not unambiguously positive.
Dokumententyp: | Zeitschriftenartikel |
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Fakultät: | Volkswirtschaft
Volkswirtschaft > Lehrstühle > Seminar für Außenwirtschaftstheorie |
Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft |
Sprache: | Englisch |
Dokumenten ID: | 20536 |
Datum der Veröffentlichung auf Open Access LMU: | 15. Apr. 2014 09:00 |
Letzte Änderungen: | 29. Apr. 2016 09:17 |
Alle Versionen dieses Dokumentes
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Market integration and market concentration in horizontally differentiated industries. (deposited 15. Apr. 2014 08:58)
- Market integration and market concentration in horizontally differentiated industries. (deposited 15. Apr. 2014 09:00) [momentan angezeigt]