EFFECTS OF THE SUNDAY SHOPPING RESTRICTION IN KOREA

被引:5
作者
Choi, Yun Jeong [1 ]
Jeong, Jinook [1 ]
机构
[1] Yonsei Univ, Sch Econ, Seoul 120749, South Korea
基金
新加坡国家研究基金会;
关键词
COMPETITION;
D O I
10.1111/coep.12127
中图分类号
F [经济];
学科分类号
02 ;
摘要
We examine the effectiveness of Korea's Sunday superstore shopping regulation, whose purpose is to protect small- and medium-sized retailers as well as traditional markets. Applying a two-way random-effects regression model to the daily sales data of four megastores and four super supermarkets, we find the net sales decrease of superstores is on average 5.61% of daily sales after taking into account sales increases due to consumers' switching to weekdays. Only about 17%-19% of the reduced superstore sales are transferred to traditional markets. Based on these estimates, the compensating variation per year is predicted to be 2.4-2.5 trillion Korean won (around US $2.1-2.2 billion).
引用
收藏
页码:203 / 215
页数:13
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