Journal Article

No. 2010-29 | October 06, 2010
A Micro-Econometric Approach to Geographic Market Definition in Local Retail Markets: Demand Side Considerations PDF Icon

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.

JEL Classification

C35 C73 L11 L13 L41 L81

Citation

Walter Beckert (2010). A Micro-Econometric Approach to Geographic Market Definition in Local Retail Markets: Demand Side Considerations. Economics: The Open-Access, Open-Assessment E-Journal, 4 (2010-29): 1—32. http://dx.doi.org/10.5018/economics-ejournal.ja.2010-29

Assessment

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