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The Influence Of Competition On Retail Firm Location
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Book Synopsis The Influence of Competition on Retail Firm Location by : Isabelle M. Nilsson
Download or read book The Influence of Competition on Retail Firm Location written by Isabelle M. Nilsson and published by . This book was released on 2015 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: Store location is regarded as a primary driver of retail competition and one of the most important factors in a consumer's store choice decision. In order to explain differences in the relative location between competing retailers a game theoretic model is applied to the study of firm location choices under varying degrees of strategic interaction. The theoretical results contribute to the existing literature by explaining why certain types of retailers may want to locate in close proximity to their competition despite increased price competition. While theoretical results are dependent on the assumptions made, realized outcomes of firms’ location decisions provide insights regarding underlying location behaviors. For this purpose a multivariate spatial statistic is developed aimed at identifying different interaction patterns between competing stores. In order to define when two outlets are located relatively close to each other, a topological proximity criterion is derived based on the theoretical framework. Multivariate spatial statistic has received relatively little attention in the literature when compared to univariate methods. Therefore the statistic developed in this thesis not only proposes a new methodology aimed at distinguishing between different firm location behaviors, it also contributes to the existing literature on multivariate point pattern methods. The proposed statistic has asymptotic properties, and its distribution is approximately normal for larger samples. Tests of finite sample properties and robustness checks are conducted through simulations by varying assumptions with regards to population size, expected values, as well as interactions between categories of points and underlying spatial processes. The simulation results confirm that the proposed statistic has the ability to capture not only asymmetrical relationship but also distinguish pairwise categorical associations from clustering in the joint population. To demonstrate the usefulness of the statistic, it is applied to competing stores in two different retail sectors in order to detect any differences in the relative location between competitors. The application of the statistic to real world location data shows that observed patterns are effectively captured by the proposed statistic and easily interpreted using presented theory. This dissertation also examines whether access to transportation infrastructure may induce retailers to locate in close proximity to one another. For this analysis the statistic is applied to measure whether there is a significant difference in interaction patterns between competing outlets located in proximity to important transportation infrastructure and those that are not. The results suggest that transportation infrastructure affects the nature of the location behavior of retail firms with respect to the relative location of their competitors. The findings from this dissertation suggest that public policy has different welfare effects depending on the demand conditions in different retail sectors. Therefore broader impacts arise from establishing theoretical and empirical evidence that not only improves our understanding of difference in relative location between competitors in different retail sectors but also clarifies the consequences of public policy.
Book Synopsis The Wal-Mart Effect by : Charles Fishman
Download or read book The Wal-Mart Effect written by Charles Fishman and published by Penguin. This book was released on 2006 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: An award-winning journalist breaks through the wall of secrecy to reveal how the world's most powerful company really works and how it is transforming the American economy.
Book Synopsis The Nature of Competition in Gasoline Distribution at the Retail Level by : Ralph Cassady Jr.
Download or read book The Nature of Competition in Gasoline Distribution at the Retail Level written by Ralph Cassady Jr. and published by Univ of California Press. This book was released on 2023-11-10 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1951.
Book Synopsis Spatial Competition with Endogenous Location Choices by : Ting Zhu
Download or read book Spatial Competition with Endogenous Location Choices written by Ting Zhu and published by . This book was released on 2008 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the importance of geographical differentiation in store location decisions of firms in the retail discount industry. Using a novel data set that includes the store locations and accompanying market conditions for all stores belonging to the Wal-Mart, Kmart, and Target chains, we study the factors that influence the entry and location decisions of these firms. The model involves an incomplete information game between the three players where each firm has private information about its own profitability. A key feature of our modeling approach is that it permits asymmetries across firms in the impact of exogenous market characteristics and competitive interaction effects. Variations in the exogenous firm specific characteristics, such as the distances from the market to firms' headquarters and the nearest distribution centers, serve as exclusion restrictions and provide the source for model identification. Parameter estimates of the payoff functions are used to predict the equilibrium market structure under a variety of market conditions that provide insights into the competitive landscape of the industry. Results show that all firms exert a strong negative impact on competitors when they are in close proximity, but the effect decreases with distance to rivals suggesting strong returns to spatial differentiation in this industry. Target stores fare well under competition except when these competitors are in close proximity. Wal-Mart's supercenter format is found to be the most formidable player as it substantially impacts competitors even at a large distance. We also find significant asymmetries across players in their response to market conditions and competition interactions.
Book Synopsis Location and Competitive Behavior in Retailing by : Leland Louis Howell
Download or read book Location and Competitive Behavior in Retailing written by Leland Louis Howell and published by . This book was released on 1962 with total page 730 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Retail Location Planning in an Era of Multi-Channel Growth by : Mark Birkin
Download or read book Retail Location Planning in an Era of Multi-Channel Growth written by Mark Birkin and published by Routledge. This book was released on 2017-03-27 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: The way in which products and services are delivered to consumers, through branches and retail outlets, or more generally through a network of distribution channels, remains fundamentally important for maintaining a competitive advantage for a very wide range of businesses. This is true within domestic markets, but especially so for increasingly global corporations, as shareholder pressure for continued growth drives businesses into ever more widespread geographical markets. Arguing that more complex markets demand more sophisticated spatial analysis, this book discusses the application of location planning techniques to generate competitive advantage in a variety of business sectors in a changing retail environment. The series of techniques are analysed, from relatively straightforward branch scorecards to sophisticated applications of geographical information systems (GIS), spatial modelling and mathematical optimisation. Also explored are the changing dynamics of the impact of more restrictive planning environments in many countries on how retailers find new locations for growth and respond to changing consumer needs and wants. The book is essential reading for students and scholars alike working in geography, economics, business management, planning, finance and industry studies.
Book Synopsis Successful Technological Integration for Competitive Advantage in Retail Settings by : Pantano, Eleonora
Download or read book Successful Technological Integration for Competitive Advantage in Retail Settings written by Pantano, Eleonora and published by IGI Global. This book was released on 2015-04-30 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: The advent of new technologies has been an impetus for rapid development in several industries, including the area of retail services. These recent advances push industry leaders to infuse new innovations into their various systems and processes. Successful Technological Integration for Competitive Advantage in Retail Settings examines the various effects of changing markets and subsequently how these changes cause retailers to meet consumer demand by integrating more sophisticated, advanced innovations in their daily practices. Focusing on corporate strategies, innovation management, and relevant case studies, this book is a pivotal reference source for researchers, practitioners, and developers interested in recent innovation trends within the retailing industry.
Book Synopsis The Antitrust Paradox by : Robert Bork
Download or read book The Antitrust Paradox written by Robert Bork and published by . This book was released on 2021-02-22 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Book Synopsis Selecting a Store Location by : Helen G. Canoyer
Download or read book Selecting a Store Location written by Helen G. Canoyer and published by . This book was released on 1946 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Store Choice, Store Location and Market Analysis (Routledge Revivals) by : Neil Wrigley
Download or read book Store Choice, Store Location and Market Analysis (Routledge Revivals) written by Neil Wrigley and published by Routledge. This book was released on 2014-10-14 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, first published in 1988, brings together leading researchers from both the retailing business and the academic world to discuss the latest techniques of analysis and forecasting in the fields of store choice, store location, and market analysis. Its rationale is the major restructuring of the UK retailing industry which has taken place over the past twenty years, and the profound implications of that restructuring for the type of research necessary to understand, maintain and enhance corporate responsibility. The contributors present accounts of the development of new and original methods for retail analysis and forecasting purposes. They lay stress upon practical methods which are accurate and robust, and which can operate with the type of data typically available to retailers. The book will provide a major work of reference for retailers, market researchers, retail analysts, estate managers, urban planners and geographers in many countries.
Book Synopsis Does Organizational Form Drive Competition? by : Brian Adams
Download or read book Does Organizational Form Drive Competition? written by Brian Adams and published by . This book was released on 2016 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article examines patterns of entry and exit in a relatively homogeneous product market to investigate the impact of entry on incumbent firms and market structure. In particular, we are interested in whether the organizational form of entrants matters for the competitive decisions of incumbents. We assess the impact of chain stores on independent retailers in the Melbourne coffee market using annual data on the location and entry status of 4,768 coffee retailers between 1991 and 2010. The long panel enables us to include market fixed effects to address the endogeneity of store locations. Logit regressions indicate that chain stores have no discernible effect on the exit or entry decisions of independent stores. However, each additional chain store increases the probability of another chain store exiting by 2.5 percentage points, and each additional independent cafe increases the probability of another independent cafe exiting by 0.5 percent. These findings imply that neighboring independents and chains operate almost as though they are in separate markets. We offer additional analysis suggesting consumer information as a cause of this differentiation.
Book Synopsis New Developments in Retail Trading Area Analysis and Site Selection by : Jac L. Goldstucker
Download or read book New Developments in Retail Trading Area Analysis and Site Selection written by Jac L. Goldstucker and published by . This book was released on 1978 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Store Location and Assessment Research by : R. L. Davies
Download or read book Store Location and Assessment Research written by R. L. Davies and published by John Wiley & Sons. This book was released on 1984 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Store Location and Store Assessment Research Edited by R. L. Davies University of Newcastle, UK and D. S. Rogers D. S. R. Marketing Systems Inc., Illinois, USA An invaluable book to students and practitioners in marketing and retailing. This book looks at store location and store assessment research on both sides of the Atlantic from an academic and a practical retailing point of view, and in doing so attempts to fill a gap in an area which has been hitherto poorly documented. It is also an area in which theory and practice have rarely interrelated. This book endeavours to marry the academic contributions that have been made from a largely theoretical perspective to a series of business experiences that have been conducted in practice. In an age of relative store saturation and an abundance of shopping centres accurate store location research and store location assessment is not only advisable but essential. In recent years a coalescence of needs and a sharing of ideas has transpired between the USA and the UK and has provided a rationale for this collection of Anglo-American essays which give a balanced view of the theory and the practice that make up the subject. Contents Introduction Part I: The retail Setting Trends in Retailing and Consumer Behaviour The Urban Pattern of Retailing The Impact of the Development Process Part II: The Statistical Base General Sources of Information Developing a Strategic Planning Data Base Market Appraisals Site Appraisals Part III: Methodology and techniques. Store Location Strategies Store Assessment Procedures Traditional Methods of Sales Forecasting Modern Methods of Sales Forecasting Evaluating Retail Trading Performances Concluding Comments
Book Synopsis The Impact of Discount Superstores on Small Business and Local Communities by : United States. Congress. House. Committee on Small Business
Download or read book The Impact of Discount Superstores on Small Business and Local Communities written by United States. Congress. House. Committee on Small Business and published by . This book was released on 1995 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributed to some depository libraries in microfiche.
Book Synopsis Spatial Competition and Preemptive Entry in the Discount Retail Industry by : Fanyin Zheng
Download or read book Spatial Competition and Preemptive Entry in the Discount Retail Industry written by Fanyin Zheng and published by . This book was released on 2019 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Big box retail stores have a large impact on local economies and receive large subsidies from local governments. Hence, it is important to understand how discount retail chains choose store locations. In this paper, I study the store location decisions of those firms, examine the role of preemptive incentives, and evaluate the impact of government subsidies on those decisions. I model firms' store location decisions using a dynamic entry game. It extends the empirical models of dynamic oligopoly entry by allowing for spatially interdependent entry and introducing ma-chine learning tools to infer market divisions from data. The results suggest that preemptive incentives are important in chain stores' location decisions and that they lead to loss of production efficiency. On average, the loss of producer surplus due to preemption is about one million dollars per store.
Book Synopsis Retail Strategy and Structure by : David J. Rachman
Download or read book Retail Strategy and Structure written by David J. Rachman and published by . This book was released on 1975 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Effects of Sister-Store Presence and Market Competition on Product Assortment by : Tao Chen
Download or read book The Effects of Sister-Store Presence and Market Competition on Product Assortment written by Tao Chen and published by . This book was released on 2018 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Product assortment is a critical competitive tool for retailers to increase sales, maximize profits, and attain customer satisfaction. Increasingly, more and more retailers provide in-store product assortment information online or via smartphone apps for consumers to check if their preferred items are carried by local stores. Such information systems make it easier for customers to switch between sister stores of the same chain, as well as between competing chain stores, which poses new challenges to retailers' assortment strategies. Retailers must understand and evaluate the important role of sister-store presence and market competition in their product assortment strategies. In this paper, the authors obtain product assortment data from all stores of a nation-wide bookstore chain. The authors then study how competition and the presence of sister stores affect the retail chain's product assortment. The authors also explore how product popularity affects this assortment and moderates the impact of competition and the presence of sister stores. The authors find that having a sister (competing) store nearby reduces (increases) product assortment and such effects are stronger for niche products.
