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Agglomeration, Product Heterogeneity, and Firm EntryMatthew FreedmanCornell University - Department of Economics; Cornell University - School of Industrial and Labor Relations Renáta KosováCornell University - School of Hotel Administration July 10, 2010 Journal of Economic Geography, 12, 2012: 601-626 Abstract: This paper investigates the interaction between product heterogeneity and geographic agglomeration. Using data for nearly the entire population of U.S. hotels, we examine patterns of entry into different regions among establishments delineated by product segment. We find that to the extent that hotels agglomerate, they are sensitive to the composition and size distribution of other hotels in an area. Our results are consistent with countervailing competition and agglomeration effects that vary in strength across differentiated firms.
Number of Pages in PDF File: 34 Keywords: Agglomeration, Product Differentiation, Entry, Services JEL Classification: R30, L22, R12, L83 Accepted Paper SeriesDate posted: July 10, 2010 ; Last revised: May 31, 2012Suggested CitationContact Information
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