The New Industrial Organization and Small Business
AbstractThe small business sector is an important part of the American economic landscape, in both absolute and relative terms. Despite its absolute growth, however, the sector accounts for a diminishing share of private sector activity. But its importance, and changes in importance, vary across industrial sectors of the economy. Drawing on the theoretical and empirical insights developed in recent books by John Sutton, we suggest that the presence or absence of endogenous strategic behaviors of the larger firms with respect to advertising, promotion, research and development, and other sunk cost expenditures may well play an important role in explaining the differing levels of small business importance, both cross-sectionally and over time. We conclude the paper with suggestions for research directions that could shed further light on these ideas. Copyright 2001 by Kluwer Academic Publishers
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Bibliographic InfoArticle provided by Springer in its journal Small Business Economics.
Volume (Year): 16 (2001)
Issue (Month): 1 (February)
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Web page: http://www.springerlink.com/link.asp?id=100338
Other versions of this item:
- Kwoka Jr., J.E. & White, L.J., 2000. "The New Industrial Organization and Small Business," New York University, Leonard N. Stern School Finance Department Working Paper Seires ec-00-03, New York University, Leonard N. Stern School of Business-.
- John E. Kwoka Jr. & Lawrence J. White, 2000. "The New Industrial Organization and Small Business," Working Papers 00-03, New York University, Leonard N. Stern School of Business, Department of Economics.
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
- D20 - Microeconomics - - Production and Organizations - - - General
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- Lawrence J. White, 2002. "Trends in Aggregate Concentration in the United States," Journal of Economic Perspectives, American Economic Association, vol. 16(4), pages 137-160, Fall.
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