Opening Local Retail Food Stores: A Real-Options Approach

被引：7

作者：

Daunfeldt S.-O. ^{[1
,2
]}

Orth M. ^{[3
]}

Rudholm N. ^{[2
,4
]}

机构：

[1] The Ratio Institute (RATIO), 103 64 Stockholm

[2] Department of Economics, Dalarna University

[3] Department of Economics, University of Gothenburg, SE 405 30 Göteborg

[4] The Swedish Retail Institute (HUI)

来源：

Journal of Industry, Competition and Trade | 2010年 / 10卷 / 3-4期

关键词：

count data; entry; investments; irreversibility; retail trade; uncertainty;

D O I：

10.1007/s10842-010-0078-x

中图分类号：

学科分类号：

摘要：

A real-options approach was used, incorporating uncertainty and irreversibility of investments, to study the number of stores entering the Swedish retail food market during the period 1994-2002. It was found that uncertainty affected the entry-decision. Entry was less frequent in highly concentrated local retail food-markets characterized by a high degree of uncertainty, whereas higher profit opportunities seem to have increased the probability of entry. © 2010 Springer Science+Business Media, LLC.

引用

页码：373 / 387

页数：14

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