Perfect integration eludes the real world, so we suggest a realistic benchmark standard for judging the extent of market integration in various economies.We estimate the degree of integration in the US product market, widely acknowledged to be the most integrated among geographically large...

Perfect integration eludes the real world, so we suggest a realistic benchmark standard for judging the extent of market integration in various economies. We estimate the degree of integration in the US product market, widely acknowledged to be the most integrated among geographically large...

The effectiveness of specific marketing actions taken by retailers is different depending on the product category. This paper aims to analyse the role that different product categories play in consumer response to retail assortment. Hypotheses are tested in an online experiment using consumers...

In settings where most workers have full-time schedules, hourly wages are appropriate primary indicators of job quality and worker outcomes. However, in sectors where full-time schedules do not dominate - primarily service-producing activities - total hours matter, in addition to hourly wages,...

This study focuses on the impact of the 2001 recession as well as the subsequent expansion on U.S. trade (i.e., retail and wholesale) firms' short-term assets and liabilities. The paper also analyzes the differential effects on long-term debt and cash flow levels between retail and wholesale...

State and federal minimum wage hikes are likely to impact the retail industry employing a great number of less well-compensated part-time workers. Despite the relevance of this issue, it is not clear how minimum wage increases affect full-time and part-time retail employees differentially. In...

Based on the publicly available information on the data sources and methodology used by the Census Bureau to estimate e-commerce and physical retail sales, and based on detailed e-mail communications with the Census official responsible for the retail trade data, we found, in a version of this...

We examine changes in the retail sector in the US over the period 1999 to 2017. We show that while there were fewer physical stores in 2017 compared to the start of the period (consistent with the widely reported notion of a “retail apocalypse”), other indicators including employment, real...

Using an administrative payroll dataset for 2.6 million retail workers, we find that the staggered rollout of a major e-commerce firm's fulfillment centers reduces traditional retail workers' income in geographically proximate counties by 2.4%. Wages of hourly workers, especially part-time...

Despite extensive research on retailers’ price responses to demand shocks, much less is known about their non-price adjustments. Using heterogeneity in timing, location, and magnitude of income/wealth shocks associated with the 2008 Great Recession, we explore how U.S. retail stores adjusted...