Supermarkets versus local shopping: Welfare implications of retail provision mode

Presenting a novel model of local shopping, the benefit of monopoly provision due to market size effects is explored. Prices are lower, variety and aggregate consumer surplus higher, than local shopping but many shoppers’ utility falls. Policymakers should take care.

MoreLess

Year of publication:	2014
Authors:	Rudkin, Simon
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 124.2014, 3, p. 396-398
Publisher:	Elsevier
Subject:	Market expansion effects \| Monopolistic competition \| Consumer welfare

More details

Type of publication:	Article
Classification:	L10 - Market Structure, Firm Strategy, and Market Performance. General ; D40 - Market Structure and Pricing. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010930708