Market structure and entry in fast food
Sault, Joanne E., Toivanen, Otto and Waterson, Michael (2003) Market structure and entry in fast food. Discussion Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.661).
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
One of the phenomena of the twentieth century, chainstores, are remarkably little studied by economists. Amongst open questions are the following: What factors influence the pattern of their openings? Does the spread of one constrain others having broadly the same retail offer? Do they locate close to competitors? To answer such questions, one must examine a time path of development- put simply one must observe actual entry. This is precisely what is done in a series of papers (Toivanen and Waterson, 2000; 2001; Sault, Toivanen and Waterson -hereafter STW, 2002; forthcoming) we are working on concerning the spread of restaurant outlets in the UK. This paper sketches the main elements of our program, then examines a particular issue, the micro-geography of location, in detail.
|Item Type:||Working or Discussion Paper (Discussion Paper)|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Fast food restaurants -- Great Britain, Food industry and trade -- Great Britain, Chain restaurants -- Great Britain|
|Series Name:||Warwick economic research papers|
|Publisher:||University of Warwick, Department of Economics|
|Place of Publication:||Coventry|
|Official Date:||January 2003|
|Number of Pages:||14|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
|Funder:||Economic and Social Research Council (Great Britain) (ESRC)|
|Grant number:||R000238402 (ESRC)|
Bresnahan, T.F. and Reiss, Peter C. Entry and Competition in Concentrated Markets, Journal of Political Economy, 1991, 99, pp.977-1009.
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