Entry into Local Retail Food Markets in Sweden: A Real-Options Approach

A real-options approach was used, incorporating uncertainty and irreversibility of investments, to study the number of stores entering the Swedish retail food market during the period 1994-2002. It was found that uncertainty affected the entry-decision. Entry was less frequent in highly concentrated local retail food-markets characterized by a high degree of uncertainty, whereas higher profit opportunities seem to have increased the probability of entry. <p>

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Year of publication:	2005-05-17
Authors:	Daunfeldt, Sven-Olov ; Orth, Matilda ; Rudholm, Niklas
Institutions:	Nationalekonomiska institutionen, Handelshögskolan
Subject:	Real options \| uncertainty \| retail food \| entry \| negative binomial regression

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Extent:	text/html
Series:	Working Papers in Economics.
Type of publication:	Book / Working Paper
Notes:	Published in Journal of Industry, Competition and Trade, 2010, pages 373-387. The text is part of a series Working Papers in Economics Number 170 27 pages
Classification:	L13 - Oligopoly and Other Imperfect Markets ; L81 - Retail and Wholesale Trade; Warehousing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005651601