Creative destruction in local markets

Jaap H. Abbring () and Jeffrey Campbell ()

Economic Perspectives, 2004, issue Q II, pages 50-60

Abstract: This article uses a panel of Texas restaurants' and bars' alcohol to measure the pace of creative destruction--the ongoing replacement of unproductive competitors with the new firms--and it investigates whether producers in more concentrated markets might use their market power to stabilize the industry structure. The authors find the opposite to be true: Local markets with more concentrated alcohol sales display more creative destruction.

Keywords: Competition; Markets (search for similar items in EconPapers)
Date: 2004
View list of references View citations in EconPapers

Downloads: (external link)
http://www.chicagofed.org/publications/economicper ... r_%202004_Part_4.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Ordering information: This journal article can be ordered from
http://www.frbchi.or ... nt_order_script.html

Access Statistics for this article

More articles in Economic Perspectives from Federal Reserve Bank of Chicago
Contact information at EDIRC.
Series data maintained by Diane Rosenberger ().