Market Size

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Paul D Ellis - One of the best experts on this subject based on the ideXlab platform.

  • Does psychic distance moderate the Market Size–entry sequence relationship?
    Journal of International Business Studies, 2008
    Co-Authors: Paul D Ellis
    Abstract:

    An analysis of 924 foreign Market entries made by a sample of Chinese exporters reveals that psychic distance moderates the relationship between foreign Market Size and entry sequence. In doing so, this study challenges the extant hypothesis that the establishment of foreign operations conforms to a simple pattern of increasing psychic distance to Markets. The findings also reveal that psychic distance is asymmetrical in nature, and that assessments made by sellers and their buyers are inherently inequivalent.

  • does psychic distance moderate the Market Size entry sequence relationship
    Journal of International Business Studies, 2008
    Co-Authors: Paul D Ellis
    Abstract:

    An analysis of 924 foreign Market entries made by a sample of Chinese exporters reveals that psychic distance moderates the relationship between foreign Market Size and entry sequence. In doing so, this study challenges the extant hypothesis that the establishment of foreign operations conforms to a simple pattern of increasing psychic distance to Markets. The findings also reveal that psychic distance is asymmetrical in nature, and that assessments made by sellers and their buyers are inherently inequivalent.

Özge Öner - One of the best experts on this subject based on the ideXlab platform.

  • Retail Productivity : The effects of Market Size and regional hierarchy
    Papers in Regional Science, 2016
    Co-Authors: Özge Öner
    Abstract:

    How important is regional hierarchy for retailers’ productivity? This paper investigates the determinants of independent retailers’ productivity in Sweden between 2002 and 2008 with respect to Market Size and regional hierarchy. Using an accessible Market potential approach, the impact of the potential demand in close proximity, and in the region is investigated separately for stores in central and peripheral retail Markets. The findings suggest that the Market Size in close proximity has a higher impact on the productivity of stores located in central Markets, whereas the Market potential in the region has similar productivity returns for both stores in central Markets and stores in non-central Markets.

  • Retail Productivity: Investigating the Influence of Market Size and Regional Hierarchy
    SSRN Electronic Journal, 2014
    Co-Authors: Özge Öner
    Abstract:

    This paper investigates the determinants of the productivity of independent retail stores in Sweden by focusing on the impact of Market Size and regional hierarchy while controlling for several store and employee characteristics over time. The analysis utilizes Swedish store-level data for the years 2002-2008. To capture the urban-periphery interaction in retail Markets, the analysis (i) uses an accessible Market potential measure, which captures the impact of the potential demand both in close proximity in the region, and from outside the region separately, and (ii) investigates the stores that are located in central and non-central Markets respectively. The results show an approximately 10 percent higher productivity premium associated with the Market Size in close proximity for centrally located independent stores, whereas regional Market Size is found to play an equally important role for both stores located in central Markets and stores located in peripheral Markets. The findings also show that employee characteristics do not contribute to the productivity of stores in central Markets but that small but significant productivity returns are captured for stores located in peripheral Markets. The differences in the impact arising from the Market potential measures highlight the importance of taking the spatial continuum and regional hierarchy into account in an examination of the Market Size–productivity relationship for retailers.

Joel Waldfogel - One of the best experts on this subject based on the ideXlab platform.

  • PRODUCT QUALITY AND Market Size
    The Journal of Industrial Economics, 2010
    Co-Authors: Steven Berry, Joel Waldfogel
    Abstract:

    Do larger Markets offer better products? The question has implications for theories of cities and theories of Market organization. We document that in the restaurant industry, where quality is produced largely with variable costs, the range of qualities on offer increases in Market Size. In daily newspapers, where quality is produced with fixed costs, the average quality of products increases with Market Size, but the Market does not offer much additional variety as it grows large. These results are consistent with IO theories of endogenous product quality and with theories that emphaSize the consumption advantages of cities.

  • Product Quality and Market Size
    National Bureau of Economic Research, 2003
    Co-Authors: Steven Berry, Joel Waldfogel
    Abstract:

    Recent literature notes that when quality is produced with fixed costs, a high quality firm can undercut its rival's prices and may find it profitable to invest more in quality as Market Size grows large. As a result, a Market can remain concentrated even as it grows large. When quality is produced with variable costs, by contrast, a wide range of product qualities can coexist in the Market because they are offered at different prices. Larger Markets will fragment and offer products with a wider range of qualities. Using US urban areas as Markets, we examine the relationships between Market Size and product quality - and between Market Size and product concentration - for two industries that differ in their quality production process. We document that in the restaurants industry, where quality is produced largely with variable costs, the range of qualities on offer increases in Market Size, with each product maintaining a small Market share. In daily newspapers, where quality is produced with fixed costs, the average quality of products increases with Market Size, and the Market does not fragment as it grows large.

Margaret Stevens - One of the best experts on this subject based on the ideXlab platform.

  • Unemployment and Market Size
    The Economic Journal, 2013
    Co-Authors: Martin Ellison, Godfrey Keller, Kevin Roberts, Margaret Stevens
    Abstract:

    Without strong empirical support, labour Market matching models typically assume constant returns to scale in matching. We construct a tractable equilibrium random matching model with a general matching technology, introducing Market Size effects: the job-finding rate varies with unemployment. Stable steady-states may occur in regions of increasing or decreasing returns, and multiple equilibria are welfare-ranked by Market Size. While the standard model relies on high-frequency shocks to the steady state to explain the co-movement of unemployment and job-finding, locally decreasing returns in matching generate plausible adjustment dynamics and slower convergence. Lastly, an extension of the Hosios condition internalises search externalities.

  • Unemployment, Participation and Market Size
    2007
    Co-Authors: Robert M. Keller, Kevin Roberts, Margaret Stevens
    Abstract:

    We construct an equilibrium random matching model of the labour Market, with endogenous Market participation and a general matching technology that allows for Market Size effects: the job-finding rate for workers and the incentives for participation change with the level of unemployment. In comparison to standard models with constant returns to scale in matching, agent behaviour is more complex - the model generates plausible joint dynamics of employment, unemployment and participation with heterogeneity in search behaviour for workers with different degrees of attachment to the labour Market. Techniques are developed to reduce the dimensionality of the problem to establish local and global stability; a complicating factor is the possibility of multiple equilibria, welfare-ranked by Market Size. A Hosios-type condition internalises search externalities.

Janne Tukiainen - One of the best experts on this subject based on the ideXlab platform.

  • Does Market Size matter for charities
    Journal of Public Economics, 2018
    Co-Authors: Simon Lapointe, Carlo Perroni, Kimberley Scharf, Janne Tukiainen
    Abstract:

    Abstract We analyze implications of Market Size for Market structure in the charity sector. While a standard model of oligopolistic for-profit competition predicts a positive relationship between Market Size and firm Size, our analogous model of competition between prosocially motivated charities predicts no such correlation. If charities are biased towards their own provision, a positive association between Market Size and provider Size can arise. We examine these predictions empirically for six different local charity Markets. Our empirical findings suggest that charities do not solely pursue prosocial objectives, and that increased competition in the charity sector can lead to rationalization in provision.

  • Does Market Size Matter Also for Charities
    2015
    Co-Authors: Kimberley Scharf, Janne Tukiainen
    Abstract:

    We analyze implications of Market Size on Market structure in the not-forprofit sector. We show that, while a standard model of oligopolistic competition between for-profits predicts a positive relationship between Market Size and firm Size, an analogous model of not-for-profit competition predicts no such correlation. We then interrogate these predictions empirically by focusing on five charitable Markets for local public goods. These findings both reject the applicability of the classic theories of oligopolistic competition between for-profit firms to the not-for-profit case and fail to reject the simple model proposed here.