| 1. |
- Daunfeldt, Sven-Olov, et al.
(författare)
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Entry into Local Retail Food Markets in Sweden: A Real-Options Approach
- 2005
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- A real-options approach was used, incorporating uncertainty and irreversibility of investments, to study the number of stores entering the Swedish retail food market during the period 1994-2002. It was found that uncertainty affected the entry-decision. Entry was less frequent in highly concentrated local retail food-markets characterized by a high degree of uncertainty, whereas higher profit opportunities seem to have increased the probability of entry.
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| 2. |
- Daunfeldt, Sven-Olov, et al.
(författare)
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Opening local retail food stores : a real-options approach
- 2010
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Ingår i: Journal of Industry, Competition and Trade. - : Springer. - 1566-1679 .- 1573-7012. ; 10:3-4, s. 373-387
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Tidskriftsartikel (refereegranskat)abstract
- A real-options approach was used, incorporating uncertainty and irreversibility of investments, to study the number of stores entering the Swedish retail food market during the period 1994-2002. It was found that uncertainty affected the entry-decision. Entry was less frequent in highly concentrated local retail food-markets characterized by a high degree of uncertainty, whereas higher profit opportunities seem to have increased the probability of entry.
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| 3. |
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| 4. |
- Lampi, Elina, 1967, et al.
(författare)
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Who visits the museums? A comparison between stated preferences and observed effects of entrance fees
- 2008
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- This study investigates whether the introduction of an entrance fee affects visitor composition at a state funded museum in Sweden. While entrance to the museum was still free, we conducted a survey to collect information about visitor characteristics and used the Contingent Valuation (CV) method to measure visitors? willingness to pay (WTP) for a visit. The results of the CV survey show that even a very low entrance fee level results in a significant reduction in several target groups that the museum has policy directives to reach. Additionally, we conducted another survey after the introduction of the fee. Thus, we have a unique opportunity to test the validity of CV in the context of a cultural good. The comparison between the predicted results from the CV and the observed change in visitor composition after the introduction of the fee implies that CV does predict a majority of the changes successfully.
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| 5. |
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| 6. |
- Maican, Florin G., 1975, et al.
(författare)
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A dynamic analysis of entry regulations and productivity in retail trade
- 2015
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Ingår i: International Journal of Industrial Organization. - : Elsevier BV. - 0167-7187. ; 40, s. 67-80
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Tidskriftsartikel (refereegranskat)abstract
- Quantifying possible inefficiencies stemming from regulation is important to both policymakers and researchers. We use a dynamic structural model to evaluate the role of local market entry regulations in the productivity of retail trade. Our model is flexible with respect to how local market regulations influence store productivity and controls for demand in local markets. We combine the structural approach with detailed data on all stores in the Swedish retail industry. The results show that more liberal entry regulations increase future productivity and that the increase in productivity is larger for small stores and small markets than for large stores and large markets.
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| 7. |
- Maican, Florin G., 1975, et al.
(författare)
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Determinants of Economies of Scope in Retail
- 2020
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Annan publikation (övrigt vetenskapligt/konstnärligt)abstract
- This paper studies the determinants of economies of scope and quantifies their impact on the extensive and intensive product margins in retail. We use a framework based on a multiproduct technology to model stores’ incentives to expand product variety. Using novel Swedish data on product categories and stores, we find that high-productivity stores offer more product categories and sell more of all product categories. Stores with high demand shocks specialize in fewer product categories and sell more top-selling product categories. Policy simulations show that investments in technology increase the extensive and intensive product margins, especially benefitting stores in urban markets because of their productivity advantage. Learning from demand to increase productivity and variety is crucial in rural markets. Reducing the role of uncertainty in both productivity and demand shocks endorses product variety and raises sales and market share.
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| 8. |
- Maican, Florin G., 1975, et al.
(författare)
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Entry Regulations and Product Variety in Retail
- 2021
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Annan publikation (övrigt vetenskapligt/konstnärligt)abstract
- This paper estimates a dynamic model of store adjustments in product variety that considers multiproduct service technology to evaluate the impact of entry regulations on variety and long-run profits in Swedish retail. Using rich data on stores and product categories, we find that more liberal entry regulation increases productivity and decreases the adjustment costs of variety. Counterfactual simulations of modest liberalizations of entry incentivize incumbents to offer more product categories to consumers while increasing efficiency and long-run profits. Regional differences are reduced as consumers and incumbents obtain more benefits in markets with restrictive regulation. Generous liberalizations of entry induce net exit of product categories and harm incumbents in markets with limited demand.
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| 9. |
- Maican, Florin G., 1975, et al.
(författare)
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Productivity Dynamics and the Role of "Big-Box" Entrants in Retailing
- 2008
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- Entry of large (?big-box?) stores along with a drastic fall in the total number of stores is a striking trend in retail markets. In this paper we provide a dynamic structural model, controlling for unobserved prices and local market characteristics, to estimate total factor productivity in retail markets. Then we evaluate how increased competition from large entrants influences incumbents? productivity in local markets. Using detailed data on retail food stores in Sweden, we find that net entry substantially contributes to industry productivity growth. In local markets, productivity dispersion increases as a consequence of large entrants, i.e., low productive incumbents become less productive whereas high productive incumbents become more productive. We conclude that large entrants play a central role in explaining productivity differences across stores.
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| 10. |
- Maican, Florin G., 1975, et al.
(författare)
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Productivity Dynamics and the Role of ‘Big-Box’ Entrants in Retailing
- 2017
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Ingår i: Journal of Industrial Economics. - : Wiley. - 0022-1821 .- 1467-6451. ; 65, s. 397-438
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Tidskriftsartikel (refereegranskat)abstract
- © 2017 The Editorial Board of The Journal of Industrial Economics and John Wiley & Sons Ltd We use a dynamic model to measure the impact of the entry of large stores on incumbents’ productivity separate from demand while accounting for local markets and the endogeneity of entry. Using data on all retail food stores in Sweden, we find that incumbents’ productivity increases after the entry of large stores and that the magnitude of the increase declines toward the upper part of the productivity distribution. Our findings highlight that large entrants drive productivity.
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