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Welfare Assessment of New Retail Formats: Evidence from Japan's Retail Industry

Author

Listed:
  • Toshiyuki Matsuura

    (Institute for Economic and Industrial Studies, Keio University)

  • Mitsuru Sunada

    (School of Economics, Osaka Prefecture University)

Abstract

This study attempts to measure the welfare gain caused by new retailer entries. In Japan, following the deregulation of entry restriction on large-scale retail stores, specialty supermarket stores, and convenience stores expanded their market share. We estimate the consumer benefit by incorporating the differences in service quality as well as differences in price among retail formats and demonstrate that welfare improvements are primarily explained by changes in service quality, and that the effects of the deregulation are in fact limited.

Suggested Citation

  • Toshiyuki Matsuura & Mitsuru Sunada, 2010. "Welfare Assessment of New Retail Formats: Evidence from Japan's Retail Industry," Keio/Kyoto Joint Global COE Discussion Paper Series 2010-018, Keio/Kyoto Joint Global COE Program.
    • Handle: RePEc:kei:dpaper:2010-018
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    File URL: http://ies.keio.ac.jp/old_project/old/gcoe-econbus/pdf/dp/DP2010-018.pdf
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    Cited by:

    1. Keiichiro HONDA & Toshiyuki MATSUURA & Takeshi MIZUTA, 2017. "Welfare Assessment of Entry of New Retail Formats and Deregulation for Restriction on Large Retail Scale Stores in Japan," Economic Analysis, Economic and Social Research Institute (ESRI), vol. 194, pages 45-64, May.
    2. Yishao Shi & Danxuan Liu, 2020. "Relationship between Urban New Business Indexes and the Business Environment of Chinese Cities: A Study Based on Entropy-TOPSIS and a Gaussian Process Regression Model," Sustainability, MDPI, vol. 12(24), pages 1-22, December.

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