publication . Article . 1998

Understanding Evolutionary Processes in Non-Manufacturing Industries: Empirical Insights from the Shakeout in Pharmaceutical Wholesaling

Adam J. Fein;
Open Access
  • Published: 03 Sep 1998 Journal: Journal of Evolutionary Economics, volume 8, pages 231-270 (issn: 0936-9937, eissn: 1432-1386, Copyright policy)
  • Publisher: Springer Science and Business Media LLC
Abstract
Although the empirical pattern of industry shakeout has been documented for many manufacturing industries, we know little about the processes by which market structure evolves in non-manufacturing service industries. This paper establishes detailed empirical observations about the consolidation of a single non-manufacturing industry, the wholesale distribution of pharmaceuticals. These observations are used to explore differences between manufacturing and wholesaling in both the patterns and explanations for consolidation and analyze the explanatory power of theories that link consolidation to technological change. The analysis demonstrates that theories develop...
Subjects
free text keywords: choices and consequences , Retail and wholesale trade , Marketing [Production and market structure , Size distribution of firms , Technological change], Economics and Econometrics, General Business, Management and Accounting, jel:L11, jel:O33, jel:L81, jel:M31
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