Intangibles and industry concentration: supersize me

Matěj Bajgar, Chiara Criscuolo and Jonathan Timmis ()

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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)
JEL-codes: E22 L10 L25 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2021-10-28
New Economics Papers: this item is included in nep-bec, nep-cfn, nep-com, nep-ent, nep-mac and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://eprints.lse.ac.uk/113851/ Open access version. (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:ehl:lserod:113851

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