The Dynamics of Entry, Exit and Profitability: An Error Correction Approach for the Retail Industry
We develop a two equation error correction model to investigate determinants of and dynamic interaction between changes in profits and number of firms in retailing. An explicit distinction is made between the effects of actual competition among incumbents, new firms competition, and potential competition from firms outside the market. Effects of cost, demand and general income changes on profitability are investigated to gain insight in the role of retailing in the cost, demand and wage inflationary process. The relative importance of profitability, growth and unemployment as determinants of net entry are studied. The model is tested using a panel data set of 36 Dutch shoptypes covering the 1977-1988 period. Copyright 1994 by Kluwer Academic Publishers
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1993|
|Contact details of provider:|| Postal: ERASMUS UNIVERSITY OF ROTTERDAM, INSTITUTE FOR ECONOMIC RESEOB.O. BOX 1738 ROTTERDAM THE NETHERLANDS.|
Phone: 31 10 4081111
Web page: http://www.few.eur.nl/few/
More information through EDIRC