Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/225948
Autoren: 
Pennerstorfer, Dieter
Schindler, Nora
Weiss, Christoph R.
Yontcheva, Biliana
Datum: 
2020
Schriftenreihe/Nr.: 
DICE Discussion Paper No. 353
Zusammenfassung: 
This article investigates the relationship between income inequality and firms' locations and product choices. Using detailed information on income at a regionally disaggregated level and individual data on Austrian restaurants, we demonstrate that firm conduct crucially depends on the distribution (in addition to the level) of income. Local markets with higher income inequality are characterized by a larger number of firms, offering a broader range of products and product variants that are on average less common. These findings indicate that local demand is substantially in uenced by the heterogeneity in consumers' income endowments, resulting in large differences in product variety.
Schlagwörter: 
income inequality
product variety
product differentiation
firm conduct
restaurants
JEL: 
L22
D31
R12
L83
ISBN: 
978-3-86304-352-0
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.32 MB





Publikationen in EconStor sind urheberrechtlich geschützt.