Competition Among the Big and the Small

  title={Competition Among the Big and the Small},
  author={Ken-Ichi Shimomura and Jacques-François Thisse},
Armchair evidence shows that many industries are made of a few big commercial or manufacturing firms, which are able to affect the market outcome, and of a myriad of small family-run businesses with very few employees, each of which has a negligible impact on the market. Examples can be found in apparel, catering, publishers and bookstores, retailing… CONTINUE READING