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cowling.ljw edits (FINAL).docx
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2021-08-04
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Abstract
Many different theories that have attempted to explain why smaller entrepreneurial firms exist. Surprisingly, very little empirical work has tested the obvious questions, such as: Are small firm’s price-takers in highly competitive markets? Who do they compete against? What if they try to raise prices? Does innovation offer niche market protection? Using a large UK data set our key findings are that less than 5% of entrepreneurial firms operate in markets where they effectively have no competition and a quarter of all small firms would lose at least a third of their sales if they raised prices by 10%.Citation
Cowling, M. and Nadeem, S.P., (2020). 'Entrepreneurial firms: With whom do they compete, and where? Review of Industrial Organization, pp. 1-19.Publisher
SpringerJournal
Review of Industrial OrganizationDOI
10.1007/s11151-020-09782-yAdditional Links
https://link.springer.com/article/10.1007/s11151-020-09782-yType
ArticleLanguage
enISSN
0889-938XEISSN
1573-7160ae974a485f413a2113503eed53cd6c53
10.1007/s11151-020-09782-y
Scopus Count
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