Does Planning Regulation Protect Independent Retailers?

• 成果类型: Article
• 署名作者: Sadun, Raffaella
• 署名单位: National Bureau of Economic Research; Harvard University; Centre for Economic Policy Research - UK
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00492
• 发表日期: 2015-12
• 页码: 983-1001
• 关键词: job creation; wal-mart; destruction

摘要

Regulations curbing the entry of large retail stores have been introduced in many countries to protect independent retailers. Analyzing a planning reform launched in the United Kingdom in the 1990s, I show that independent retailers were actually harmed by the creation of entry barriers against large stores. This is because the entry barriers created the incentive for large retail chains to invest in smaller and more centrally located formats, which competed more directly with independents and accelerated their decline. Overall, these findings suggest that restricting the entry of large stores may exert negative competitive effects on independent retailers.