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Market Size Matters


Jeffrey R. Campbell


Federal Reserve Bank of Chicago

Hugo A. Hopenhayn


University of California, Los Angeles (UCLA) - Department of Economics
August 2003

FRB of Chicago Working Paper No. 2003-12

Abstract:     
This paper characterizes the effects of market size on the size distribution of establishments for thirteen retail trade industries across 225 U.S. cities. In most industries we examine, establishments are larger in larger cities. Models of large-group competition in which markups fall after adding competitors can reproduce this observation.

Number of Pages in PDF File: 45

JEL Classification: L11, L16, L81

working papers series


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Date posted: September 24, 2003  

Suggested Citation

Campbell, Jeffrey R. and Hopenhayn, Hugo A., Market Size Matters (August 2003). FRB of Chicago Working Paper No. 2003-12. Available at SSRN: http://ssrn.com/abstract=442381 or http://dx.doi.org/10.2139/ssrn.442381

Contact Information

Jeffrey R. Campbell (Contact Author)
Federal Reserve Bank of Chicago ( email )
230 South LaSalle Street
Chicago, IL 60604-1413
United States
312-322-6156 (Phone)
312-322-2357 (Fax)
HOME PAGE: http://www.nber.org/~jrc
Hugo A. Hopenhayn
University of California, Los Angeles (UCLA) - Department of Economics ( email )
Box 951477
Los Angeles, CA 90095-1477
United States
Feedback to SSRN (Beta)


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Citations:  44
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