Does Wal-Mart Sell Inferior Goods?

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Emek Basker;
  • Subject: Retail, Wal-Mart, Target, Inferior Goods
    • jel: jel:L81 | jel:D12

I estimate the aggregate income elasticity of Wal-Mart's and Target's revenues using quarterly data for 1997-2006. I find that Wal-Mart's revenues increase during bad times, whereas Target's revenues decrease, consistent with Wal-Mart selling "inferior goods" in the tec... View more
  • References (23)
    23 references, page 1 of 3

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