“…One of the most studied real estate amenities is supermarket (particularly, Wal-Mart), due to its role in the modern lifestyle and potential influences it may bring. For example, the entry of Wal-Mart superstores has been linked to reductions in retail jobs and earnings (Basker, 2005a;Neumark et al, 2008) and increased crime (Wolfe and Pyrooz, 2014), but at the same time increased competition leads to improved product quality (Matsa, 2011), lower prices (Basker, 2005b;Hausman and Leibtag, 2007), accessible cheap drugs and reduced hospitalization (Borrescio-Higa, 2015), improved food security (Courtemanch et al, 2019) and higher property values (Pope and Pope, 2015). Other externalities that could affect local residents include pollution and traffic, which are also of great concern for urban planners.…”