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Ruhr Economic Papers, RWI >
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http://hdl.handle.net/10419/26778
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| Title: | | Liberalization of opening hours with free entry  |
| 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: | | Publikationen von Forscherinnen und Forschern des RWI Ruhr Economic Papers, RWI
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