Selling a cheaper mousetrap: Wal-Mart's effect on retail prices

Article Abstract:

The effect of Wal-Mart entry on average city-level prices of various consumer goods is considered by exploiting variation in the timing of store entry. Robust price effects were found for several products including shampoo, toothpaste, and laundry detergent, magnitudes vary by product and specification, but generally range from 1.5%-3% in the short run to four times as much in the long run.

All Other Specialty Food Stores, Variety stores, Discount Stores, Wal-Mart Stores Inc., WMT

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The commuting time paradox

Article Abstract:

The conditions for the 'commuting time paradox' stating that the average commuting time does not vary between different periods are examined using an equilibrium job search model with endogenously chosen commuting costs. Increase in productivity levels over time leads to increase in average commuting costs and average wage costs affecting the optimally chosen commuting time.

Models, Analysis, Job hunting, Commuting

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Timeliness and agglomeration

Article Abstract:

A study examines time costs and monetary costs with respect to availability and access to goods.

Market information - general, Supply and demand, Access control, Freight, Agglomeration, Agglomeration (Materials)

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