International Trade and Retailing
Copyright policy )International Trade and Retailing
The New Trade Theory predicts that international trade lowers prices for consumers and expands the choices available to them. This study shows that both predictions may no longer hold once adjustments in the retail sector are taken into account. I present a new model of retailing in general equilibrium and explore its implications for a number of different shocks. The results demonstrate that retail assortments may remain constant if consumers have a low preference for diversity, and that consumer prices can even rise if the retail density is sufficiently low.
- University of Bamberg Germany
- Ludwig-Maximilians-Universität München Germany
- University of Nottingham United Kingdom
international trade, retailing, diversity, market structure, welfare, monopolistic competition, retailing, Marktstruktur, Neue Außenhandelstheorie, market structure, Welfare, Monopolistischer Wettbewerb, International trade, Market Structure, diversity, Wohlfahrtseffekt, Monopolistic Competition, Einzelhandelspreispolitik, F12, monopolistic competition, Diversity, ddc:330, Diversifikation, L11, International Trade, welfare, Einzelhandel, International Trade,Retailing,Diversity,Market Structure,Welfare,Monopolistic Competition, L81, Internationaler Wettbewerb, Retailing, Theorie, jel: jel:L81, jel: jel:F12, jel: jel:L11
international trade, retailing, diversity, market structure, welfare, monopolistic competition, retailing, Marktstruktur, Neue Außenhandelstheorie, market structure, Welfare, Monopolistischer Wettbewerb, International trade, Market Structure, diversity, Wohlfahrtseffekt, Monopolistic Competition, Einzelhandelspreispolitik, F12, monopolistic competition, Diversity, ddc:330, Diversifikation, L11, International Trade, welfare, Einzelhandel, International Trade,Retailing,Diversity,Market Structure,Welfare,Monopolistic Competition, L81, Internationaler Wettbewerb, Retailing, Theorie, jel: jel:L81, jel: jel:F12, jel: jel:L11
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