Selling a cheaper mousetrap: Wal-Mart's effect on retail prices

Basker, Emek

doi:10.1016/j.jue.2005.03.005

Cited by 188 publications

(145 citation statements)

References 15 publications

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“…The author found negative price effects of Wal-Mart entrance (Basker 2005). Motivated by this result, we assessed whether geographic variation in the appearance of Wal-Mart entry generated significant differences in local price trends.…”

Section: E3 Identificationmentioning

confidence: 97%

Food Prices and the Dynamics of Body Weight

Goldman

Lakdawalla

Zheng

2009

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Section: E3 Identificationmentioning

confidence: 97%

Food Prices and the Dynamics of Body Weight

Goldman

Lakdawalla

Zheng

2009

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“…In 2015, Walmart generated revenues of $485.7 billion, which was more than that of any other company in the world, and, in fact, more than the combined revenues of Osaka's 35 Forbes companies. By exercising enormous market power, Walmart is capable of influencing local and national wages, even retail prices (Basker, 2005;Bonanno, Lopez, 2012), and with its large assets, the company is capable of entering foreign markets (Iacovone et al, 2015). All the strategic decisions made in the Bentonville headquarters of Walmart can significantly affect retailing, the economy of the United States (Economy in Crisis, 2012), and indirectly the world economy.…”

Section: Measuring the Command And Control Function Of Cities On The mentioning

confidence: 99%

Cities as command and control centres of the world economy: An empirical analysis, 2006–2015

Csomós

2017

Bulletin of Geography. Socio-Economic Series

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Abstract. As a result of their rapid economic growth, several powerful corporate giants have emerged in developing countries, especially in China, operating not only in the traditional manufacturing sector, but also in high-tech industries and finance. Major cities in developing countries have gradually become important command and control centres of the global economy, and have also become powerful enough to be in the same tier as major cities of developed countries around the world. In this paper, I examine the position of cities as command and control centres on the basis of the power of their headquartered corporations. The result shows that until 2012, New York, London, Tokyo, and Paris; i.e. the global cities, were the leading command and control centres. However, the gap between these global cities and Beijing gradually closed, and by 2015, the Chinese capital outranked all the global cities. The outstanding performance of Beijing-based corporations that operate in financial, energy, and construction services sectors is the driving force behind Beijing's increasing global power. In addition, the leading position of the global cities as command and control centres has been threatened by the San Francisco-San Jose metropolitan region, a newly emerging economic hub in the United States.

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“…Wal-Mart entry suggest robust reduction in prices for several products while magnitudes vary by product and specification, but generally range from 1.5-3% in the short run to four times as much in the long run (Basker, 2005b) with significant increases in consumer surplus especially for lower income households (Hausman and Ephraim, 2007).…”

Section: Lowering Inflation and Food Pricesmentioning

confidence: 99%

Foreign Direct Investment in India’s Retail Bazaar: Opportunities and Challenges

Chari

Raghavan

2011

World Economy

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Despite encouraging signs, India's retail market remains largely off-limits to large international retailers like Wal-Mart and Carrefour. Opposition to liberalizing FDI in this sector raises concerns about employment losses, unfair competition resulting in large-scale exit of incumbent domestic retailers and infant industry arguments to protect the organized domestic retail sector that is at a nascent stage. Based on international evidence, we suggest that allowing entry by large international retailers into the Indian market may help tackle inflation especially in food prices. Moreover, technical know-how from foreign firms, such as warehousing technologies and distribution systems can improve supply chain efficiency in India, in particular for agricultural produce. Better linkages between demand and supply have the potential to improve the price signals that farmers receive and also serve to enhance agricultural and other exports.

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Selling a cheaper mousetrap: Wal-Mart's effect on retail prices

Cited by 188 publications

References 15 publications

Food Prices and the Dynamics of Body Weight

Food Prices and the Dynamics of Body Weight

Cities as command and control centres of the world economy: An empirical analysis, 2006–2015

Foreign Direct Investment in India’s Retail Bazaar: Opportunities and Challenges

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