Flores, M. and Wenzel, T. (2016) Shopping Hours and Price Competition with Loyal Consumers. B.E. Journal of Economic Analysis and Policy, 16 (1). pp. 393-407.
Abstract
We study a retail market where firms compete in shopping hours and prices, and consumers have night-time or day-time preferences. In contrast to the existing literature, we introduce a market expansion effect of extending shopping hours by adding a segment of consumers (the loyal consumers) whose demand is increased if shopping hours are extended. We find that prices can increase due to shopping hours deregulation so that some consumers are worse off with deregulation. We also find that the extent of the price increase depends on the competitiveness of the retail industry.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2015 De Gruyter. This is an author produced version of a paper subsequently published in The B.E. Journal of Economic Analysis & Policy. Uploaded in accordance with the publisher's self-archiving policy. |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 19 Oct 2018 12:54 |
Last Modified: | 20 Oct 2018 03:07 |
Published Version: | https://doi.org/10.1515/bejeap-2015-0063 |
Status: | Published |
Refereed: | Yes |
Identification Number: | 10.1515/bejeap-2015-0063 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:136970 |