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dc.contributor.authorChung, Wilbur
dc.contributor.authorKalnins, Arturs
dc.date.accessioned2020-09-12T21:03:06Z
dc.date.available2020-09-12T21:03:06Z
dc.date.issued2001-10-01
dc.identifier.other6874156
dc.identifier.urihttps://hdl.handle.net/1813/71490
dc.description.abstractWhile 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.
dc.language.isoen_US
dc.rightsRequired Publisher Statement: © Wiley. Final version published as: Chung, W., & Kalnins, A. (2001). Agglomeration effects and performance: A test of the Texas lodging industry. Strategic Management Journal, 22(10), 969-988. doi: 10.1002/smj.178 Reprinted with permission. All rights reserved.
dc.subjectcompetition
dc.subjectagglomeration
dc.subjectexternalities
dc.subjectfirm heterogeneity
dc.titleAgglomeration Effects and Performance: A Test of the Texas Lodging Industry
dc.typearticle
dc.relation.doihttps://doi.org/10.1002/smj.178
dc.description.legacydownloadsKalnins16_Aggolmerations_Effects.pdf: 787 downloads, before Aug. 1, 2020.
local.authorAffiliationChung, Wilbur: New York University
local.authorAffiliationKalnins, Arturs: atk23@cornell.edu Cornell University School of Hotel Administration


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