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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. Working Paper. Birkbeck College, University of London, London, UK.

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    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 neighborhood. 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.


    Item Type: Monograph (Working Paper)
    Additional Information: BWPMA 1302, ISSN: 2052-0581
    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: Administrator
    Date Deposited: 15 Oct 2013 13:06
    Last Modified: 09 Jun 2021 20:14


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