| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w13783
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| 来源ID | Working Paper 13783
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| The Diffusion of Wal-Mart and Economies of Density |
| Thomas J. Holmes
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| 发表日期 | 2008-02-07
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| 出版年 | 2008
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| 语种 | 英语
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| 摘要 | The roll-out of Wal-Mart store openings followed a pattern that radiated from the center out with Wal-Mart maintaining high store density and a contiguous store network all along the way. This paper estimates the benefits of such a strategy to Wal-Mart, focusing on the savings in distribution costs afforded by a dense network of stores. The paper takes a revealed preference approach, inferring the magnitude of density economies by the extent of sales cannibalization from closely-packed stores that Wal-Mart is willing to sustain to achieve density economies. The model is dynamic with rich geographic detail on the locations of stores and distribution centers. Given the enormous number of possible combinations of store-opening sequences, it is difficult to directly solve Wal-Mart's problem, making conventional approaches infeasible. The moment inequality approach is used instead and it works well. The estimates show the benefits to Wal-Mart of high store density are substantial and likely extend significantly beyond savings in trucking costs. |
| 主题 | Industrial Organization
; Market Structure and Firm Performance
; Industry Studies
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| URL | https://www.nber.org/papers/w13783
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571458
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推荐引用方式
GB/T 7714 |
Thomas J. Holmes. The Diffusion of Wal-Mart and Economies of Density. 2008.
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文件名：
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w13783.pdf
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格式：
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Adobe PDF
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