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    Small, local and cheap? walkable and car-oriented retail in competition

    Guy, Frederick (2013) Small, local and cheap? walkable and car-oriented retail in competition. Spatial Economic Analysis 8 (4), pp. 425-442. ISSN 1742-1772.

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    Abstract

    I develop a model of competition between walkable shops, and other shops whose customers drive (car-oriented shops). Walkable shops operate in monopolistic competition within a local area, or neighbourhood. A small cost advantage for car-oriented shops can turn into a larger price advantage. High prices in walkable shops effect a regressive transfer from poorer to richer consumers, since the poorer are less likely to have cars. Internalizing environmental and social costs of urban automobile use could reduce prices and increase capacity utilization in walkable shops in more densely populated local areas. Many common combinations of planning and pricing tools fail to internalize important costs, and may actually subsidize driving to shop, but a combination of planning and the pricing (through taxation) of retail parking could effectively internalize the relevant costs.

    Metadata

    Item Type: Article
    Keyword(s) / Subject(s): walkability, monopolistic competition, retail, parking tax
    School: School of Business, Economics & Informatics > Management
    Research Centres and Institutes: Innovation Management Research, Birkbeck Centre for
    Depositing User: Sarah Hall
    Date Deposited: 18 Sep 2014 13:35
    Last Modified: 06 Dec 2016 10:11
    URI: https://eprints.bbk.ac.uk/id/eprint/10548

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