CLEMENZ, G (1994) COMPETITION VIA SHOPPING HOURS - A CASE FOR REGULATION. JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT, 150 (4). pp. 625-641. ISSN 0932-4569,
Full text not available from this repository.Abstract
We consider a market for a homogeneous good with consumers who differ only with respect to their preferred shopping times. The length of the shopping day affects costs in two ways: operating costs are increasing and capacity costs are decreasing, in trading hours. We show that a pure monopolist keeps his shop open for longer than is socially optimal. Under perfect competition the equilibrium is not unique, and shopping hours may differ from the social optimum. Hence, trading hours regulations may be justified, but a liberalization of existing restrictions can only be harmful in a market with a pure monopolist.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | RESTRICTIONS; |
| Depositing User: | Dr. Gernot Deinzer |
| Last Modified: | 19 Oct 2022 08:39 |
| URI: | https://pred.uni-regensburg.de/id/eprint/52947 |
Actions (login required)
 |
View Item |
