This paper quantifies the degree of competition among Wal-Mart and different retail channels by exploiting a unique …

This paper quantifies the degree of competition among Wal-Mart and different retail channels by exploiting a unique …

before the merger. While the low-variety target's stores reduced the depth of their assortment when in direct competition … chains’ response to changes in local competition. …

) independent (e.g. categories), as well as substitute products, and (iii) a focal retailer that faces competition. From a …

before the merger. While the low-variety target’s stores reduced the depth of their assortment when in direct competition … chains’ response to changes in local competition …

-price target’s stores reduced the depth of their assortment when in direct competition with the acquirer’s stores, the latter … offerings in order to avoid cannibalization and lessen local competition. Further, we show that other dimensions of … heterogeneity, such as market concentration, whether a divestiture was imposed by the Dutch competition authority, and the re …