Competition and the relative productivity of large and small firms
AbstractUsing a comprehensive dataset on the incidence of price-fixing across British manufacturing industries in the 1950s, I compare collusive and competitive industries and find evidence of a negative relationship between collusion and the labour productivity of larger firms relative to smaller firms. In particular, collusion is associated with a reduction or even a reversal of the productivity gap between larger and smaller firms. This result is robust to controlling for the potential endogeneity of collusion.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 43 (2011)
Issue (Month): 24 ()
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Other versions of this item:
- George Symeonidis, 2010. "Competition and the relative productivity of large and small firms," Economics Discussion Papers 690, University of Essex, Department of Economics.
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