The Rise of Dominant Firms: The Role of Chance
The principal explanations in the existing economics literature for the formation of concentrated markets are intellectual property-related entry barriers, economies of scale, and network effects. In each of these explanations, a few firms have an inherent advantage, allowing them to maintain their...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
De Gruyter
2019-12-01
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| Series: | Open Economics |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/openec-2019-0008 |