The retail sectors in many industrialized countries have experienced a large increase in concentration and the appearance of so-called "retail deserts", areas of low retail provision. This study addresses the role of international trade in this process. The analysis shows that by raising product...

We consider a multi-period rational expectations model in which risk-averse investors differ in their information on past transaction prices (the ticker). Some investors (insiders) observe prices in real-time whereas other investors (outsiders) observe prices with a delay. As prices are...