Intangibles and industry concentration: supersize me

Matěj Bajgar, Chiara Criscuolo and Jonathan Timmis

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: This paper presents new evidence on the growing scale of big businesses in the United States, Japan and 11 European countries. It documents a broad increase in industry concentration across the majority of countries and sectors over the period 2002 to 2014. The rising concentration is strongly associated with intensive investment in intangibles, particularly innovative assets, software and data, and this relationship is magnified in more globalized and digital-intensive industries. The results are consistent with intangibles disproportionately benefiting large firms and enabling them to scale up and raise their market shares, increasingly over time.

Keywords: competition; industry and entrepreneurship; innovation (search for similar items in EconPapers)
Date: 2021-10-28
New Economics Papers: this item is included in nep-bec, nep-com, nep-ent, nep-knm, nep-reg and nep-sbm
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Citations: View citations in EconPapers (7)

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https://cep.lse.ac.uk/pubs/download/dp1806.pdf (application/pdf)

Related works:
Working Paper: Intangibles and industry concentration: supersize me (2021)
Working Paper: Intangibles and industry concentration: Supersize me (2021)
Working Paper: Industry connection in Europe and North America (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp1806

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