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This paper empirically examines the impact of entry by Wal-Mart on competition in the supermarket industry. Using a … margin, entry of new firms is essentially unaffected. Moreover, the stores most damaged by Wal-Mart's entry are the outlets …
Persistent link: https://www.econbiz.de/10009239962
This paper examines the evolution of the supermarket industry, from the birth of the chain store concept in the early 1900s to the recent rise of the Wal-Mart supercenter. The central message is that the major themes relevant today (the importance of scale and standardization, technological...
Persistent link: https://www.econbiz.de/10009239963