Supermarkets versus local shopping: Welfare implications of retail provision mode

S. Rudkin

doi:10.1016/j.econlet.2014.06.023

Supermarkets versus local shopping: Welfare implications of retail provision mode

S. Rudkin

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Research output: Contribution to journal › Article › peer-review

Abstract

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.

Original language	English
Pages (from-to)	396-398
Number of pages	3
Journal	Economics Letters
Volume	124
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2014.06.023
Publication status	Published - 26 Jun 2014

Keywords

Market expansion effects
Monopolistic competition
Consumer welfare

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10.1016/j.econlet.2014.06.023

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title = "Supermarkets versus local shopping: Welfare implications of retail provision mode",

abstract = "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.",

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Supermarkets versus local shopping: Welfare implications of retail provision mode

Abstract

Keywords

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