Agglomeration effects and performance: A test of the Texas lodging industry

• 成果类型: Article
• 署名作者: Chung, W; Kalnins, A
• 署名单位: New York University; University of Southern California
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.178
• 发表日期: 2001
• 页码: 969-988
• 关键词: competition; agglomeration; externalities; firm heterogeneity

摘要

While competition decreases rents for firms, the presence of competitors may create benefits. Competitors that agglomerate, that are physically 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 these externalities to gain, we find the opposite. Independent hotels and smaller hotels gain the most. Interestingly, some establishments are harmed. Copyright (C) 2001 John Wiley & Sons, Ltd.