Endogenous Sunk Cost, Scale Economies, and Market Concentration

Publisher: Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

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Note (General)：: This paper offers a theoretical explanation of the recent sales concentration in the U.S. economy. The model is based on in-house R&D, which is involv...

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Material Type: 文書・図像類
Title: Endogenous Sunk Cost, Scale Economies, and Market Concentration
Author/Editor: Matsumoto, Yuichiro
Author Heading: Matsumoto, Yuichiro
Publication, Distribution, etc.: Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
Publication Date: 2018-07
Publication Date (W3CDTF): 2018-07
Periodical title: Discussion Papers In Economics And Business
No. or year of volume/issue: 18-20
Volume: 18-20
Pages: 1-22
Text Language Code: eng
Subject Heading: Endogenous Sunk Cost
Firm Size Distribution
Heterogenous Firms
Markup
Quality Upgrading
Target Audience: 一般
Note (General): This paper offers a theoretical explanation of the recent sales concentration in the U.S. economy. The model is based on in-house R&D, which is involved in scale economies. An R&D subsidy helps the expansion of larger firms and allows them to take higher markups. Thus, it induces a concentrated market structure.
Periodical Title (NCID): AA1160366X
https://ci.nii.ac.jp/ncid/AA1160366X
References (URI): URI
http://www2.econ.osaka-u.ac.jp/library/global/dp/1820.pdf
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華