Two Essential Characteristics of Retail Markets and Their Economic Consequences
Roger R. Betancourt and David A. Gautschi
,
3
(
21
)
Journal of Economic Behavior and Organization
277-294
August
1993
Abstract
Retail firms provide customers with a variety of distribution services. Higher levels of these services cost the firms more to produce but reduce costs for their customers; these distribution services are usually not priced separately from the products purchased; in addition, some distribution services are available to all items in an assortment (common) and others are available to a few (specific).