Intangibles and industry concentration: supersize me
Chiara Criscuolo and
Jonathan Timmis ()
LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library
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
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 (1) Track citations by RSS feed
Downloads: (external link)
http://eprints.lse.ac.uk/113851/ Open access version. (application/pdf)
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)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:113851
Access Statistics for this paper
More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().