A Model of Retail Formats Based on Consumers' Economizing on Shopping Time
Washington University WP OLIN-96-10
Posted: 16 Jul 1997
Date Written: May 1996
Retail formats in the U.S. and other developed countries have increasingly grown to provide one-stop shopping. We develop a model of consumer economizing on shopping time that can explain this, estimate the model using aggregate annual and cross-section supermarket data, and compare the implications of the model with competing hypotheses. We also briefly relate the analysis to growth in shopping centers and other trends in retailing.
JEL Classification: L81
Suggested Citation: Suggested Citation