Price Competition, Business Hours and Shopping Time Flexibility
Datos Bibliográficos
| ID | 9709970 |
|---|---|
| Autores | Oz Shy (0000-0002-5018-0252, WZB ‐ Social Science Centre, Berlin and University of Haifa), Rune Stenbacka (0000-0003-2291-878X, Swedish School of Economics, Helsinki) |
| Año | 2008 |
| Volumen | 118 |
| Número | 531 |
| Páginas | 1171-1195 |
| Fecha de publicación | 2008-08-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | The Economic Journal (JOURNAL) |
| Identificadores de la revista | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Editorial | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2008.02165.x |
| OpenAlex | W3123615366 |
| Idioma | EN |
| Citas recibidas | 2 |
| Referencias citadas | 13 |
We analyze differentiated retail industries where shops engage in two-stage competition with respect to opening hours and prices. We explore the effects of consumers' shopping time flexibility by comparing bi-directional consumers with forward- or backward-oriented consumers, who can either postpone or advance their shopping, but not both. We demonstrate that retailers with longer opening hours charge higher prices and that opening hour differentiation softens price competition. We calculate both symmetric and asymmetric subgame perfect equilibria in closing hours and demonstrate how the equilibrium configurations depend on the cost increases associated with extended business hours, as well as the relative densities of day and night shoppers
Business · Business administration · Competition (biology · Economics · Flexibility (engineering · Game theory · Management · Microeconomics · Subgame perfect equilibrium · Welfare economics · Consumer Market Behavior and Pricing · Digital Platforms and Economics · Economic theories and models
| Obras citantes distintas | 2 |
|---|---|
| Citas por año | 0,13 |
| Intervalo de citas | 2011 - 2026 (16) |
| Velocidad de citación | current |
| Altamente citado | No |
| Tipos de cita | Neutras: 2 |