Supermarkets versus local shopping: Welfare implications of retail provision mode

Simon Rudkin*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

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 languageEnglish
Pages (from-to)396-398
Number of pages3
JournalEconomics Letters
Volume124
Issue number3
DOIs
Publication statusPublished - Sept 2014

Keywords

  • Consumer welfare
  • Market expansion effects
  • Monopolistic competition

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