IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v31y1999i11p2003-2016.html
   My bibliography  Save this article

Prices and Opening Hours in the Retail Sector: Welfare Effects of Restrictions on Opening Hours

Author

Listed:
  • J Rouwendal

    (Department of Economics and Management, Wageningen Agricultural University, PO Box 8060, 6700 DA Wageningen, and MuConsult, PO Box 2054, 3800 CB, Amersfoort, The Netherlands)

  • P Rietveld

    (Department of Spatial Economics, Vrije Universiteit, De Boelelaan 1105, PO Box 7161, 1007 MC Amsterdam, The Netherlands)

Abstract

In this paper a model for price and opening hours in the retail sector is developed. Demand is modelled in the discrete choice framework. General patterns of correlation between the random utilities of shopping at various times are allowed. First, the authors study a monopolist who has to determine price and opening times in order to maximise profits. The behaviour of this monopolist is then shown to be similar to that of a monopolistic competitor in a market with many suppliers. The effects of entry and exit are studied in relation to restrictions on opening hours in a market with many identical firms. It is shown that the welfare effects of upper limits on opening hours are negative when new firms enter the market.

Suggested Citation

  • J Rouwendal & P Rietveld, 1999. "Prices and Opening Hours in the Retail Sector: Welfare Effects of Restrictions on Opening Hours," Environment and Planning A, , vol. 31(11), pages 2003-2016, November.
  • Handle: RePEc:sae:envira:v:31:y:1999:i:11:p:2003-2016
    as

    Download full text from publisher

    File URL: http://epn.sagepub.com/content/31/11/2003.abstract
    Download Restriction: no

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Andre de Palma & Fay Dunkerley & Stef Proost, 2010. "Trip Chaining: Who Wins Who Loses?," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 19(1), pages 223-258, March.
    2. Jacobsen, Joyce P. & Kooreman, Peter, 2005. "Timing constraints and the allocation of time: The effects of changing shopping hours regulations in The Netherlands," European Economic Review, Elsevier, vol. 49(1), pages 9-27, January.
    3. Shy, Oz & Stenbacka, Rune, 2006. "Service hours with asymmetric distributions of ideal service time," International Journal of Industrial Organization, Elsevier, vol. 24(4), pages 763-771, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:31:y:1999:i:11:p:2003-2016. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.