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| Tekijä: | Kosfeld, M. |
| Otsikko: | Why shops close again: an evolutionary perspective on the deregulation of shopping hours |
| Lehti: | European Economic Review
2002 : JAN, VOL. 46:1, p. 51-72 |
| Asiasana: | DEREGULATION EVOLUTIONARY GAMES SHOPS TRADING HOURS |
| Kieli: | eng |
| Tiivistelmä: | This paper introduces a new perspective on the deregulation of shopping hours based on ideas from evolutionary game theory. The authors study a retail economy where shopping hours have been deregulated recently. It is argued that first, the deregulation leads to a coordination problem between store owners and customers, and second, the "solution" to this problem depends on the specific cost structure of stores and the preferences of customers. |
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