Journal article
Agglomeration effects and performance: a test of the Texas lodging industry
Strategic management journal, Vol.22(10), pp.969-988
10/2001
DOI: 10.1002/smj.178
Abstract
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 © 2001 John Wiley & Sons, Ltd.
Details
- Title: Subtitle
- Agglomeration effects and performance: a test of the Texas lodging industry
- Creators
- Wilbur Chung - Leonard N. Stern School of Business, New York University, New York, U.S.AArturs Kalnins - Marshall School of Business, University of Southern California, Los Angeles, California, U.S.A
- Resource Type
- Journal article
- Publication Details
- Strategic management journal, Vol.22(10), pp.969-988
- DOI
- 10.1002/smj.178
- ISSN
- 0143-2095
- eISSN
- 1097-0266
- Publisher
- John Wiley & Sons, Ltd
- Number of pages
- 20
- Language
- English
- Date published
- 10/2001
- Academic Unit
- Management and Entrepreneurship
- Record Identifier
- 9984083821502771
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