The structure of the American book publishing industry |
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| Authors: | Michael Szenberg Eric Youngkoo Lee |
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| Institution: | (1) Department of Economics, Lubin Graduate School of Business, Pace University, New York, NY, USA;(2) Department of Economics, Fairleigh Dickinson University, Madison, NJ, USA |
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| Abstract: | This paper investigates several structural elements of the American book publishing industry in order to resolve two conflicting viewpoints advanced by publishing figures regarding intra-industry competition. The evidence presented indicates that the minimum optimal production scale (0.30 to 0.70 percent of industry's employment) is too small to obstruct entry, to preclude the existence of a large number of publishers, and to foreclose from it a high degree of competition. |
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| Keywords: | Concentration economies of scale size distribution of firms |
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