Stewart, Hayden and Davis, David E. (2005): Price Dispersion and Accessibility: A Case study of Fast Food. Published in: Southern Economic Journal , Vol. 71, No. 4 (April 2005): pp. 784-799.
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This study examines spatial variation in the price and accessibility of fast food across a major urban area. We use novel data on the price of a representative fast food meal and the location of fast food restaurants belonging to one of three major chains in the District of Columbia and its surrounding suburbs. These data are used to test a structural model of spatial competition. The results of this study are easily interpreted and compared with a past analysis. We find that spatial differences in costs and demand conditions drive variation in the number of firms operating in a market, which in turn affects prices.
|Item Type:||MPRA Paper|
|Original Title:||Price Dispersion and Accessibility: A Case study of Fast Food|
|Keywords:||food prices, food accessibility, spatial competition, price dispersion, fast food|
|Subjects:||L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L11 - Production, Pricing, and Market Structure; Size Distribution of Firms
L - Industrial Organization > L8 - Industry Studies: Services > L81 - Retail and Wholesale Trade; e-Commerce
D - Microeconomics > D4 - Market Structure and Pricing > D43 - Oligopoly and Other Forms of Market Imperfection
|Depositing User:||David E. Davis|
|Date Deposited:||29. Mar 2008 06:46|
|Last Modified:||12. Feb 2013 03:06|
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