Agglomeration Effects and Performance : A Test of The Texas Lodging Industry  

Oleh:

Chung, Wilbur ; Kalnins, Arturs

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 22 no. 10 (2001), page 969-988.
Topik: performance; competition; agglomeration; externalities; firm heterogeneity

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

While competition decreases rents for firms, the presence of competitors may create benefits. Competitors that agglomerate, that are physcally proximate, may create externalities - production efficiencies or heightened demand that increases rents. When such externalities exist, then who gains from and who contributes to them ? We examine how other competitors' traits affect performance in texas's lodging industry. In rural markets, we find that chain hotels and larger hotels contribute to positive externalities. While expecting those hotels similar to the establishments creating thses externalities to gain, we find the opposite. Independent hotels and smaller hotels gain the most. Interestingly, some establishment are harmed.

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