Please use this identifier to cite or link to this item:
https://doi.org/10.1080/13504851.2017.1383591
Title: | Price competition between big and small supermarkets: evidence from Seoul | Authors: | Chung, Hoe Sang Hwang, Sanghyun MIN KIM |
Keywords: | Superstores smaller retailers price competition spatial autoregressive model |
Issue Date: | 27-Sep-2017 | Publisher: | Routledge | Citation: | Chung, Hoe Sang, Hwang, Sanghyun, MIN KIM (2017-09-27). Price competition between big and small supermarkets: evidence from Seoul. Applied Economics Letters 25 (6) : 429-433. ScholarBank@NUS Repository. https://doi.org/10.1080/13504851.2017.1383591 | Abstract: | This article empirically investigates the level of competition between superstores and smaller retailers in the Korean retail industry where market entry and operational hours of the former are restricted in order to protect the latter. Applying spatial econometric methods to storelevel price data from Seoul, we find that while spatial price correlations among same-size stores exist, product prices across different-size stores are spatially uncorrelated. This result implies that consumers may not view superstores’ and smaller retailers’ products as close substitutes, and thus their markets are likely to be segmented from each other. | Source Title: | Applied Economics Letters | URI: | https://scholarbank.nus.edu.sg/handle/10635/191508 | ISSN: | 1350-4851 1466-4291 |
DOI: | 10.1080/13504851.2017.1383591 |
Appears in Collections: | Staff Publications Elements |
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