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Cost of Being Poor: Retail Price and Consumer Price Search Differences across Inner-City and Suburban Neighborhoods

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Author Info
Debabrata Talukdar
Abstract

This research undertakes a carefully designed and detailed empirical study to gain insights into (1) the extent of price differentials between wealthy and poor neighborhoods; (2) what induces such differentials, especially the nature and intensity of competitive environments, including mass merchandisers like Wal-Mart; and (3) their relative impacts. It finds a price differential of about 10%-15% for everyday items. Even after controlling for store size and competition, prices are found to be 2%-5% higher in poor areas. It also finds that it is not the poverty level per se but access to cars that acts as a key determinant of consumers' price search patterns. (c) 2008 by JOURNAL OF CONSUMER RESEARCH, Inc..

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File URL: http://www.journals.uchicago.edu/doi/pdf/10.1086/589563
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Publisher Info
Article provided by University of Chicago Press in its journal Journal of Consumer Research.

Volume (Year): 35 (2008)
Issue (Month): 3 (07)
Pages: 457-471
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Handle: RePEc:ucp:jconrs:v:35:y:2008:i:3:p:457-471

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This page was last updated on 2009-11-27.


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