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Medientyp:
E-Artikel
Titel:
EFFECTS OF THE SUNDAY SHOPPING RESTRICTION IN KOREA
Beteiligte:
Choi, Yun Jeong;
Jeong, Jinook
Erschienen:
Wiley, 2016
Erschienen in:
Contemporary Economic Policy, 34 (2016) 1, Seite 203-215
Sprache:
Englisch
DOI:
10.1111/coep.12127
ISSN:
1074-3529;
1465-7287
Entstehung:
Anmerkungen:
Beschreibung:
AbstractWe 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). (JEL L51, L88)