Store Characteristics in Retail Oligopoly.
I use a consumer choice model for the British supermarket industry to compare the incentives of firms, selecting store characteristics, with the interests of consumers. I perform a series of counterfactual changes to store size and location and rank the alternatives by gains per unit of fixed cost....
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| Format: | Journal article |
| Language: | English |
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2006
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| _version_ | 1826273220157767680 |
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| author | Smith, H |
| author_facet | Smith, H |
| author_sort | Smith, H |
| collection | OXFORD |
| description | I use a consumer choice model for the British supermarket industry to compare the incentives of firms, selecting store characteristics, with the interests of consumers. I perform a series of counterfactual changes to store size and location and rank the alternatives by gains per unit of fixed cost. Jointly, firms gain most from large stores, which increase total consumer expenditure. Individually, however, firm incentives are strongly influenced by business-sTealing effects, resulting in a close agreement with consumers, who value middle-sized stores and distance-reducing relocations. These individual firm incentives provide little consumer-protection justification for recent size and location regulations. |
| first_indexed | 2024-03-06T22:24:52Z |
| format | Journal article |
| id | oxford-uuid:565381e5-d95d-4af5-b709-7f8792f53bab |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T22:24:52Z |
| publishDate | 2006 |
| record_format | dspace |
| spelling | oxford-uuid:565381e5-d95d-4af5-b709-7f8792f53bab2022-03-26T16:49:36ZStore Characteristics in Retail Oligopoly.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:565381e5-d95d-4af5-b709-7f8792f53babEnglishDepartment of Economics - ePrints2006Smith, HI use a consumer choice model for the British supermarket industry to compare the incentives of firms, selecting store characteristics, with the interests of consumers. I perform a series of counterfactual changes to store size and location and rank the alternatives by gains per unit of fixed cost. Jointly, firms gain most from large stores, which increase total consumer expenditure. Individually, however, firm incentives are strongly influenced by business-sTealing effects, resulting in a close agreement with consumers, who value middle-sized stores and distance-reducing relocations. These individual firm incentives provide little consumer-protection justification for recent size and location regulations. |
| spellingShingle | Smith, H Store Characteristics in Retail Oligopoly. |
| title | Store Characteristics in Retail Oligopoly. |
| title_full | Store Characteristics in Retail Oligopoly. |
| title_fullStr | Store Characteristics in Retail Oligopoly. |
| title_full_unstemmed | Store Characteristics in Retail Oligopoly. |
| title_short | Store Characteristics in Retail Oligopoly. |
| title_sort | store characteristics in retail oligopoly |
| work_keys_str_mv | AT smithh storecharacteristicsinretailoligopoly |