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| Tekijä: | Shy, O. Stenbacka, R. |
| Otsikko: | Price competition, business hours and shopping time flexibility |
| Lehti: | Economic Journal
2008 : AUG, VOL. 118:531, p. 1171-1195 |
| Asiasana: | competition consumer behaviour flexibility prices time |
| Kieli: | eng |
| Tiivistelmä: | Retail industries with two-stage competition in opening hours and prices are analysed. The effects of consumers' shopping time flexibility is explored by comparing bi-directional consumers with forward- or backward-oriented consumers, who can either postpone or advance their shopping, but not both. It is demonstrated that retailers with loner opening hours charge higher prices and that opening hour differentiation softens price competition. |
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