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Title:Liberalization of opening hours with free entry PDF Logo
Authors:Wenzel, Tobias
Issue Date:2007
Series/Report no.:Ruhr economic papers 13
Abstract:This paper studies competition in prices and opening hours in a model with free entry. It is shown that under free competition a market failure arises: Entry is excessive and opening hours are under-provided. Restrictions on opening hours aggravate this failure. I analyze the impact of a liberalization of opening hours. The model predicts that in the short run prices will remain constant, but increase in the long run. Concentration in the retail sector will rise and opening hours will increase in two steps, immediately after deregulation and further over time. Finally, employment in the retail sector increases.
Subjects:Opening hours
retailing
deregulation
JEL:L13
L51
L81
ISBN:978-3-86788-006-0
Document Type:Working Paper
Appears in Collections:Ruhr Economic Papers, RWI
Publikationen von Forscherinnen und Forschern des RWI

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