1) La descarga del recurso depende de la página de origen
2) Para poder descargar el recurso, es necesario ser usuario registrado en Universia


Opción 1: Descargar recurso

Detalles del recurso

Descripción

The hypothesis in this paper is that the existence of retail markets may not necessarily be determined by spatial factors and increasing return in transportation (or increasing returns in retailing), but can be explained by the rational behaviour of firms operating in a stochastic environment. It is shown that demand uncertainty can serve as an independent source of retail trade. Consequently, the ability of firms to process information and predict demand (i.e., to decrease demand uncertainty) may affect the characteristics of retail markets. The results indicate that risk-averse firms always devote resources to demand forecasting; producers are better off trading with retailers than with final consumers; and the volume of output supplied through retail markets is greater than it would be if producers traded directly with consumers (thus benefiting social welfare). Furthermore, the paper shows that technological progress in data-processing, which allows for cheaper and better predictions of market demand, increases the number of firms operationg in retail markets. (authors' abstract)

Pertenece a

ePub-WU OAI Archive (Vienna Univ. of Econ. and B.A.)   ePub-WU OAI Archive (Vienna Univ. of Econ. and B.A.)  

Autor(es)

Cukrowski, Jacek -  Fischer, Manfred M. - 

Id.: 58544345

Idioma: inglés  - 

Versión: 1.0

Estado: Final

Tipo:  application/pdf - 

Palabras claveJEL D73 - 

Tipo de recurso: Paper  -  NonPeerReviewed  - 

Tipo de Interactividad: Expositivo

Nivel de Interactividad: muy bajo

Audiencia: Estudiante  -  Profesor  -  Autor  - 

Estructura: Atomic

Coste: no

Copyright: sí

Formatos:  application/pdf - 

Requerimientos técnicos:  Browser: Any - 

Relación: [References] http://epub.wu.ac.at/4143/

Fecha de contribución: 18-oct-2016

Contacto:

Localización:

Otros recursos del mismo autor(es)

  1. Cross-sectional dependence model specifications in a static trade panel data setting The focus is on cross-sectional dependence in panel trade flow models. We propose alternative speci...
  2. Pan-European regional income growth and club-convergence. Insights from a spatial econometric perspective Club-convergence analysis provides a more realistic and detailed picture about regional income growt...
  3. Learning in neural spatial interaction models: A statistical perspective In this paper we view learning as an unconstrained non-linear minimization problem in which the obje...
  4. How do firm characteristics affect behavioural additionalities of public R&D subsidies? Evidence for the Austrian transport sector Interest of STI policies to influence the innovation behaviour of firms has been increased considera...
  5. Neural networks. A general framework for non-linear function approximation The focus of this paper is on the neural network modelling approach that has gained increasing recog...

Otros recursos de la mismacolección

  1. Trade Balance Dynamics and Exchange Rates: In Search of the J-Curve Using a Structural Gravity Approach This paper uses a structural gravity approach, specifying currency movements as trade cost component...
  2. Market Illiquidity, Credit Freezes and Endogenous Funding Constraints In this paper I propose a two-step theoretical extension of the baseline model by Diamond and Rajan ...
  3. Marriage (In)equality: Does the Sexual Orientation Wage Gap Persist Across Marital Status? Since the first empirical paper on the topic more than two decades ago (Badgett, 1995), the common s...
  4. RESL.eu- Reducing Early School Leaving in Europe: Work Package 2, Part II, Phase II. Country Report - Austria
  5. A Diachronic Index and Glossary to What Is Justice? Collected Essays by Hans Kelsen "What is Justice?" is a compilation of essays by Hans Kelsen that deal with problems of justice and ...

Aviso de cookies: Usamos cookies propias y de terceros para mejorar nuestros servicios, para análisis estadístico y para mostrarle publicidad. Si continua navegando consideramos que acepta su uso en los términos establecidos en la Política de cookies.