Deregulation in retailing: the Dutch experience
AbstractInstitutional barriers to entry were removed to a considerable extent in 1996 in the Dutch retail sector. Three years before that the regulator decided to not take legal actions anymore against entrants violating institutional requirements. In the current analysis we investigate the effects of the deregulation during that 1993-1995 period using a recently developed model by Carree and Thurik (1999). The results show that the equilibrium number of firms has increased significantly. Results on the adjustment speed from the disequilibrium number of firms to the equilibrium number are more weak but tend to show a picture of increased speed. The deregulation of the Dutch retail industry seems therefore to have enlarged market dynamics (faster displacement and replacement) and to have reversed the concentration process to some extent. The results also show that the increase in the speed of adjustment is the consequence of lowering barriers to entry while the barriers to exit have not changed.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economics and Business.
Volume (Year): 53 (2001)
Issue (Month): 2-3 ()
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Web page: http://www.elsevier.com/locate/jeconbus
Other versions of this item:
- Martin Carree & Joyce Nijkamp, 1999. "Deregulation in Retailing: The Dutch Experience," Tinbergen Institute Discussion Papers 99-081/3, Tinbergen Institute.
- Carree, Martin A. & Nijkamp, Joyce, 2001. "Deregulation in retailing: the Dutch experience," Open Access publications from Maastricht University urn:nbn:nl:ui:27-3940, Maastricht University.
- K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
- L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Open Access publications from Maastricht University
urn:nbn:nl:ui:27-23102, Maastricht University.
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- Andrew Eckert & Douglas West, 2008. "Firm Survival and Chain Growth in a Privatized Retail Liquor Store Industry," Review of Industrial Organization, Springer, vol. 32(1), pages 1-18, February.
- Martin Carree & Ingrid Verheul, 2012. "What Makes Entrepreneurs Happy? Determinants of Satisfaction Among Founders," Journal of Happiness Studies, Springer, vol. 13(2), pages 371-387, April.
- Verheul, I. & Carree, M.A., 2008. "Overoptimism among Founders: The Role of Information and Motivation," Research Paper ERS-2008-008-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
- Carree, Martin A., 2006. "On factors promoting and hindering entry and exit," Open Access publications from Maastricht University urn:nbn:nl:ui:27-15504, Maastricht University.
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