Consumer Benefits from Increased Competition in Shopping Outlets: Measuring the Effect of Wal-Mart / Jerry Hausman, Ephraim Leibtag.

Format:

Book

Author/Creator:

Hausman, Jerry.

Contributor:

National Bureau of Economic Research.

Leibtag, Ephraim.

Series:

Working Paper Series (National Bureau of Economic Research) no. w11809.

NBER working paper series no. w11809

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Consumer Benefits from Increased Competition in Shopping Outlets

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2005.

Summary:

Consumers often benefit from increased competition in differentiated product settings. In this paper we consider consumer benefits from increased competition in a differentiated product setting: the spread of non-traditional retail outlets. In this paper we estimate consumer benefits from supercenter entry and expansion into markets for food. We estimate a discrete choice model for household shopping choice of supercenters and traditional outlets for food. We have panel data for households so we can follow their shopping patterns over time and allow for a fixed effect in their shopping behavior. We find the benefits to be substantial, both in terms of food expenditure and in terms of overall consumer expenditure. Low income households benefit the most.

Notes:

Print version record

December 2005.