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We review major changes in the economics of the US retail sector over the past 15-20 years and discuss what these portend for the future evolution of retail. The sector has been shrinking in relative size over the long term, though this stopped around the onset of the Great Recession. Retail has...
Persistent link: https://www.econbiz.de/10012457204
accounting for sales variation across merchants, across stores within retail chains, and over time for individual merchants and … stores. Customers, as opposed to transactions per customer or dollar sales per transaction, consistently account for about 80 …% of sales variation. The top 1% of growing and shrinking merchants account for about 70% of customer and sales …
Persistent link: https://www.econbiz.de/10012794589
sales. This paper offers a new method of evaluating the accuracy of these apportionment rules and the ownership distortions … example, the magnitude of property, employment and sales explains less than 22 percent of the variation in profits between …
Persistent link: https://www.econbiz.de/10012463464
demand, both of which generate sluggish responses of sales to shocks …
Persistent link: https://www.econbiz.de/10012456737
interest in music not generating revenue through individual track sales - unpaid consumption and deadweight loss - into … willingness to pay for the bundled offering. On the other hand, streaming may displace traditional individual track sales. Even if … they displace sales, streams may however still raise overall revenue if the streaming payment is large enough in relation …
Persistent link: https://www.econbiz.de/10012457016
illustrate this approach using search engine query data as predictors for consumer sentiment and gun sales …
Persistent link: https://www.econbiz.de/10012459094
Recently economists have begun to consider the causes and consequences of religious participation. An unanswered question in this literature is the effect upon individuals of changes in the opportunity cost of religious participation. In this paper we identify a policy-driven change in the...
Persistent link: https://www.econbiz.de/10012466255
illustrate how the ratio of initial expected sales to the sales threshold can be manipulated to equate the value of the landlord …-neutral framework, and sensitivity of the results to interest rate uncertainty, real sales volatility and growth, and the required risk …
Persistent link: https://www.econbiz.de/10012469495
This paper develops and estimates a model of indivisibilities in shipping and economies of scale in consolidation. It uses highly detailed data on imports for which it is possible to observe the contents of individual containers. In the model, a firm is able to adapt to indivisibility...
Persistent link: https://www.econbiz.de/10012453191
The elasticity of substitution between home and foreign goods is one of the most important parameters in international economics. The international macro literature, which is primarily concerned with short-run business cycle fluctuations, assigns a low value to this parameter. The international...
Persistent link: https://www.econbiz.de/10012459908