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Entry into Swedish Retail and Wholesale Trade Markets

Author

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  • Sven-olov Daunfeldt
  • Niklas Rudholm
  • Fredrik Bergström

Abstract

This paper examines, using a zero-inflated negative binomial regression model, what determined entry into the Swedish retail and wholesale trade markets between 1990 and 1996. According to the results, high returns on equity and low sunk costs seemed to attract more entry into retail trade industries, while recent entry and higher total industry sales were associated with more entry into both retail and wholesale trade local markets. Copyright Springer Science+Business Media, LLC 2006

Suggested Citation

  • Sven-olov Daunfeldt & Niklas Rudholm & Fredrik Bergström, 2006. "Entry into Swedish Retail and Wholesale Trade Markets," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 29(3), pages 213-225, November.
    • Handle: RePEc:kap:revind:v:29:y:2006:i:3:p:213-225
    DOI: 10.1007/s11151-006-9119-3
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    References listed on IDEAS

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    2. Pekka Ilmakunnas & Jukka Topi, 1999. "Microeconomic and Macroeconomic Influences on Entry and Exit of Firms," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 15(3), pages 283-301, November.
    3. Troske, Kenneth R, 1996. "The Dynamic Adjustment Process of Firm Entry and Exit in Manufacturing and Finance, Insurance, and Real Estate," Journal of Law and Economics, University of Chicago Press, vol. 39(2), pages 705-735, October.
    4. Carling, Kenneth & Gustafson, Lena, 1999. "Self-employment grants vs. subsidized employment: Is there a difference in the re-unemployment risk?," Working Paper Series 1999:6, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    5. Pakes, Ariel & Ericson, Richard, 1998. "Empirical Implications of Alternative Models of Firm Dynamics," Journal of Economic Theory, Elsevier, vol. 79(1), pages 1-45, March.
    6. A. Michael Spence, 1977. "Entry, Capacity, Investment and Oligopolistic Pricing," Bell Journal of Economics, The RAND Corporation, vol. 8(2), pages 534-544, Autumn.
    7. Timothy Dunne & Mark J. Roberts & Larry Samuelson, 1988. "Patterns of Firm Entry and Exit in U.S. Manufacturing Industries," RAND Journal of Economics, The RAND Corporation, vol. 19(4), pages 495-515, Winter.
    8. Geroski, P. A., 1995. "What do we know about entry?," International Journal of Industrial Organization, Elsevier, vol. 13(4), pages 421-440, December.
    9. Elisabet Berglund & Kurt Brännäs, 2001. "Plants' entry and exit in Swedish municipalities," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 35(3), pages 431-448.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Carling, Kenneth & Håkansson, Johan & Rudholm, Niklas, 2012. "Optimal retail location and CO2 emissions," HUI Working Papers 76, HUI Research.
    2. Dan Johansson & Sven-Olov Daunfeldt, 2011. "What explains the presence of High-growth firms in industries?," ERSA conference papers ersa10p1500, European Regional Science Association.
    3. Daunfeldt, Sven-Olov & Orth, Matilda & Rudholm, Niklas, 2005. "Entry into Local Retail Food Markets in Sweden: A Real-Options Approach," Working Papers in Economics 170, University of Gothenburg, Department of Economics.
    4. Niklas Elert, 2014. "What determines entry? Evidence from Sweden," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 53(1), pages 55-92, August.
    5. Håkansson, Johan & Macuchova, Zuzana & Rudholm, Niklas, 2013. "Predicting Entry of Swedish Wholesale Firms into Local Markets," HUI Working Papers 93, HUI Research.
    6. Sven-Olov Daunfeldt & Niklas Elert & Niklas Rudholm, 2013. "Start-ups and firm in-migration: evidence from the Swedish wholesale industry," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 51(2), pages 479-494, October.
    7. OKUBO Toshihiro & ONO Yukako & SAITO Yukiko, 2014. "Roles of Wholesalers in Transaction Networks," Discussion papers 14059, Research Institute of Economy, Trade and Industry (RIETI).
    8. Daunfeldt, Sven-Olov & Orth, Matilda & Rudholm, Niklas, 2008. "Does the Quality of Store Brands Affect the Number of National Brand Suppliers?," HUI Working Papers 18, HUI Research.
    9. Niclas Lavesson, 2018. "How does distance to urban centres influence necessity and opportunity‐based firm start‐ups?," Papers in Regional Science, Wiley Blackwell, vol. 97(4), pages 1279-1303, November.
    10. repec:rre:publsh:v:40:y:2010:i:1:p:53-69 is not listed on IDEAS
    11. Håkansson, Johan & Macuchova, Zuzana & Rudholm, Niklas, 2011. "Firm migration in the Swedish wholesale trade sector," HUI Working Papers 52, HUI Research.
    12. Sven-Olov Daunfeldt & Niklas Rudholm, 2009. "Revenues as a proxy for profits: a cautionary note," Applied Economics Letters, Taylor & Francis Journals, vol. 16(7), pages 679-681.
    13. Sin Tian Ho, Cynthia & Wilhelmsson, Mats, 2019. "Accessibility of bank branches and new firm formation in Sweden," Working Paper Series 19/8, Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance.
    14. Sven-Olov Daunfeldt & Niklas Elert & Dan Johansson, 2011. "Industrial Variation of High-Growth Firms," ERSA conference papers ersa10p1658, European Regional Science Association.
    15. Daniel Brandt & Zuzana Macuchova & Niklas Rudholm, 2014. "Firm entry in the Swedish wholesale trade sector: Does market definition matter?," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 53(3), pages 703-717, November.
    16. Sven-Olov Daunfeldt & Matilda Orth & Niklas Rudholm, 2010. "Opening Local Retail Food Stores: A Real-Options Approach," Journal of Industry, Competition and Trade, Springer, vol. 10(3), pages 373-387, September.
    17. Anders Bornhäll & Sven-Olov Daunfeldt & Niklas Rudholm, 2013. "Sleeping Gazelles: High profits but no growth," SPRU Working Paper Series 2013-10, SPRU - Science Policy Research Unit, University of Sussex Business School.
    18. Iván Moreno-Torres & Jaume Puig-Junoy & Joan-Ramon Borrell, 2009. "Generic Entry into the Regulated Spanish Pharmaceutical Market," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 34(4), pages 373-388, June.
    19. Yi, Choo Sze & radam, alias & Hassan, Azman & shamsudin, mad nasir, 2018. "Determinants of Entry into Malaysian Palm Oil Refinery Industry," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(2), pages 209-217.

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    More about this item

    Keywords

    Wholesale trade; retail trade; entry; number of firms; panel data; L13; L81;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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