Price competition, business hours, and shopping time flexibility

Arbeitspapier

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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: WZB Discussion Paper ; No. SP II 2004-14

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Retail and Wholesale Trade; e-Commerce
• Thema: Business Hours ; Delayed or Advanced Shopping ; Differentiated Business Hours ; Price Competition ; Shopping Time Flexibility

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Shy, Oz ; Stenbacka, Rune
• Ereignis: Veröffentlichung
• (wer): Wissenschaftszentrum Berlin für Sozialforschung (WZB)
• (wo): Berlin
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/50970
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ