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The Outputs of Retail Activities: Concepts, Measurement and Evidence from U.S. Census Data

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  • Betancourt, Roger R
  • Gautschi, David A

Abstract

The authors develop a new economic framework for the empirical analysis of retail margins. This framework formalizes the role of distribution services as outputs of retail activities. Their main results are the following: the measures of outputs of retail activities identified in the data perform as important and robust determinants of retail margins; variables that purport to capture oligopolistic features of market structure play a limited or no role in determining retail margins; quantity setting and price setting under the assumptions of profit maximization and monopolistic competition are categorically rejected by the data. The data base is information on 49 retail sectors from the 1982 U.S. Census of Retail Trades. Copyright 1993 by MIT Press.

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Bibliographic Info

Article provided by MIT Press in its journal Review of Economics & Statistics.

Volume (Year): 75 (1993)
Issue (Month): 2 (May)
Pages: 294-301

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Handle: RePEc:tpr:restat:v:75:y:1993:i:2:p:294-301

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Web page: http://mitpress.mit.edu/journals/

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Web: http://mitpress.mit.edu/journal-home.tcl?issn=00346535

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Cited by:
  1. Bonanno, Alessandro & Lopez, Rigoberto A., 2007. "Competition Effects of Supermarket Services," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon TN, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 9833, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  2. Roger Betancourt & David Gautschi, 1996. "An international comparison of the determinants of retail gross margins," Empirica, Springer, Springer, vol. 23(2), pages 173-189, June.
  3. Lucia Foster & John Haltiwanger & C.J. Krizan, 2002. "The Link Between Aggregate and Micro Productivity Growth: Evidence from Retail Trade," NBER Working Papers 9120, National Bureau of Economic Research, Inc.
  4. MATSUURA Toshiyuki & SUNADA Mitsuru, 2009. "Measurement of the Consumer Benefit of Competition in Retail Outlets," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 09015, Research Institute of Economy, Trade and Industry (RIETI).
  5. Digal, Larry N. & Ahmadi-Esfahani, Fredoun Z., 2002. "Market power analysis in the retail food industry: a survey of methods," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, Australian Agricultural and Resource Economics Society, vol. 46(4), December.
  6. Libia Santos-Requejo & Óscar González-Benito, 2000. "Economic Success Factors in Spanish Small Retail Businesses. An Analysis Based on Sector-Relative Definitions," Small Business Economics, Springer, Springer, vol. 15(3), pages 209-222, November.
  7. Ad van Riet & Moreno Roma, 2006. "Competition, productivity and prices in the euro area services sector," Occasional Paper Series, European Central Bank 44, European Central Bank.
  8. Christian Broda & Ephraim Leibtag & David E. Weinstein, 2009. "The Role of Prices in Measuring the Poor's Living Standards," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 23(2), pages 77-97, Spring.
  9. Cristina Suárez & Justo Jorge, 2010. "Efficiency convergence processes and effects of regulation in the nonspecialized retail sector in Spain," The Annals of Regional Science, Springer, Springer, vol. 44(3), pages 573-597, June.
  10. Miquel Faig & Belen Jerez, 2003. "A Theory of Commerce: Competitive Search Under Private Information," Working Papers, University of Toronto, Department of Economics faig-02-01, University of Toronto, Department of Economics.
  11. Robert Inklaar & Marcel Timmer, 2008. "Accounting for growth in retail trade: an international productivity comparison," Journal of Productivity Analysis, Springer, Springer, vol. 29(1), pages 23-31, February.
  12. Bonanno, Alessandro & Chenarides, Lauren & Goetz, Stephan J., 2012. "Limited Food Access as an Equilibrium Outcome: An Empirical Analysis," 2012 AAEA/EAAE Food Environment Symposium, May 30-31, Boston, MA, Agricultural and Applied Economics Association 123196, Agricultural and Applied Economics Association.

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