Franchise Contract Regulations and Local Market Structure
نویسندگان
چکیده
Many US states have regulations that restrict the ability of franchisors to terminate franchise contracts. We estimate economic effects these with a focus on how they impact market structure. Using data from quick-service restaurant industry, we find implementing results in 4–5 percent fewer establishments average county. Our imply regulation leads increased concentration large number markets, as counties bottom quartile would increase by between 12 and 15 regulation.
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ژورنال
عنوان ژورنال: The Journal of Law and Economics
سال: 2022
ISSN: ['0022-2186', '1537-5285']
DOI: https://doi.org/10.1086/717159