Entry and Exit in Local Service Industries: Evidence from the U.S. Bars Industry

Autor:	Josephine Xu
Rok vydání:	2019
Předmět:	Competition (economics) Bar (music) business.industry Market size Business Product differentiation Tertiary sector of the economy Duopoly Industrial organization
Zdroj:	SSRN Electronic Journal.
ISSN:	1556-5068
DOI:	10.2139/ssrn.3451540
Popis:	There has been few studies on competition and entry of firms in local service industries. I apply Bresnahan and Reiss (1991)'s entry threshold model to study competition in the U.S. bar industry, by linking market size and the number of bars in each local market. I find that entry of each additional bar increases competition; entry into a duopoly market intensifies competition the most. Further investigation attributes this observed pattern to location differentiation.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::7aa37f3aa94061125deebe7e6ea46803 https://doi.org/10.2139/ssrn.3451540 Zobrazit plný text záznamu