Publication
Title
Small firm subsistence and market dimensionality
Author
Abstract
In many markets, large and small firms coexist. As large firms can in principle out-compete small ones, the actual presence of the latter asks for an explanation. In ours, we focus on the dimensionality of markets, which can change as a consequence of product innovations, preference elaboration or institutions. We show that increasing market dimensionality substantially enlarges the market periphery relative to the market center, which creates new potential niches for small firms. We thereby provide a parsimonious explanation for small firm subsistence.
Language
English
Source (journal)
International journal of modern physics: C. - Singapore
Publication
Singapore : 2014
ISSN
0129-1831
Volume/pages
25:10(2014), p. 1-11
Article Reference
1450053
ISI
000342160700009
Medium
E-only publicatie
Full text (Publisher's DOI)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 06.11.2014
Last edited 21.07.2017
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