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A micro-economic approach to geographic market definition on local retail markets: Demand side considerations

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  • Beckert, Walter

Abstract

This paper formalizes an empirically implementable framework for the definition of local antitrust markets in retail markets. This framework rests on a demand model that captures the trade-off between distance and pecuniary cost across alternative shopping destinations within local markets. The paper develops, and presents estimation results for, an empirical demand model at the store level for groceries in the UK.

Suggested Citation

  • Beckert, Walter, 2010. "A micro-economic approach to geographic market definition on local retail markets: Demand side considerations," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 4, pages 1-32.
    • Handle: RePEc:zbw:ifweej:201029
    DOI: 10.5018/economics-ejournal.ja.2010-29
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    Citations

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    Cited by:

    1. Hugh Gravelle & Rita Santos & Luigi Siciliani & Rosalind Goudie, 2012. "Hospital Quality Competition Under Fixed Prices," Working Papers 080cherp, Centre for Health Economics, University of York.
    2. Ivan-Damir Anić & Sonja Radas, 2016. "Boundaries for the Retail Geographical Market and Factors Influencing Shoppers' Mobility," Journal of Consumer Affairs, Wiley Blackwell, vol. 50(2), pages 315-341, July.

    More about this item

    Keywords

    Geographic antitrust market definition; discrete choice;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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