Understanding evolutionary processes in non-manufacturing industries: Empirical insights from the shakeout in pharmaceutical wholesaling
| Autor: | Adam J. Fein |
|---|---|
| Rok vydání: | 1998 |
| Předmět: |
Economics and Econometrics
Entrepreneurship business.industry Technological change jel:L81 General Business Management and Accounting jel:L11 Microeconomics Market structure Consolidation (business) jel:M31 Manufacturing jel:O33 choices and consequences Retail and wholesale trade Marketing [Production and market structure Size distribution of firms Technological change] Economics business Explanatory power Empirical evidence Tertiary sector of the economy Industrial organization |
| Zdroj: | Journal of Evolutionary Economics. 8:231-270 |
| ISSN: | 1432-1386 0936-9937 |
| DOI: | 10.1007/s001910050063 |
| Popis: | Although the empirical pattern of industry shakeout has been documented for many manufacturing industries, we know little about the processes by which market structure evolves in non-manufacturing service industries. This paper establishes detailed empirical observations about the consolidation of a single non-manufacturing industry, the wholesale distribution of pharmaceuticals. These observations are used to explore differences between manufacturing and wholesaling in both the patterns and explanations for consolidation and analyze the explanatory power of theories that link consolidation to technological change. The analysis demonstrates that theories developed to explain consolidation in new manufacturing industries have varying degrees of applicability to the consolidation of drug wholesaling. The observed patterns of exit, innovation, and growth suggest important modifications to evolutionary theories of market structure. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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