Price Reactions to Rivals’ Local Channel Exits

References

• Ailawadi KL, Zhang J, Krishna A, Kruger MW (2010) When Wal-Mart enters: How incumbent retailers react and how this affects their sales outcomes. J. Marketing Res. 47(4):577–593.Crossref, Google Scholar
• Albuquerque P, Bronnenberg BJ (2012) Measuring the impact of negative demand shocks on car dealer networks. Marketing Sci. 31(1):4–23.Link, Google Scholar
• Basker E (2005) Selling a cheaper mousetrap: Wal-Mart’s effect on retail prices. J. Urban Econom. 58(2):203–229.Crossref, Google Scholar
• Basker E, Noel M (2009) The evolving food chain: Competitive effects of Wal-Mart’s entry into the supermarket industry. J. Econom. Management Strategy 18(4):977–1009.Crossref, Google Scholar
• Berry S, Levinsohn J, Pakes A (1995) Automobile prices in market equilibrium. Econometrica 63(4):841–890.Crossref, Google Scholar
• Bresnahan TF (1981) Departures from marginal-cost pricing in the American automobile industry: Estimates for 1977–1978. J. Econometrics 17(2):201–227.Crossref, Google Scholar
• Bresnahan TF (1989) Empirical studies of industries with market power. Handbook Indust. Organ. 2:1011–1057.Crossref, Google Scholar
• Bruce N, Desai PS, Staelin R (2005) The better they are, the more they give: Trade promotions of consumer durables. J. Marketing Res. 42(1):54–66.Crossref, Google Scholar
• Bruce N, Desai PS, Staelin R (2006) Enabling the willing: Consumer rebates for durable goods. Marketing Sci. 25(4):350–366.Link, Google Scholar
• Busse M, Silva-Risso J, Zettelmeyer F (2006) $1,000 cash back: The pass-through of auto manufacturer promotions. Amer. Econom. Rev. 96(4):1253–1270.Crossref, Google Scholar
• Cotterill RW (1986) Market power in the retail food industry: Evidence from Vermont. Rev. Econom. Statist. 68(3):379–386.Crossref, Google Scholar
• Daraban B, Fournier GM (2008) Incumbent responses to low-cost airline entry and exit: A spatial autoregressive panel data analysis. Res. Transportation Econom. 24:15–24.Crossref, Google Scholar
• Datta S, Sudhir K (2013) Does reducing spatial differentiation increase product differentiation? Effects of zoning on retail entry and format variety. Quant. Marketing Econom. 11(1):83–116.Crossref, Google Scholar
• Davis P (2005) The effect of local competition on admission prices in the U.S. motion picture exhibition market. J. Law Econom. 48(2):677–707.Crossref, Google Scholar
• Davis P (2006) Spatial competition in retail markets: Movie theaters. RAND J. Econom. 37(4):964–982.Crossref, Google Scholar
• Desai PS, Purohit D (1998) Leasing and selling: Optimal marketing strategies for a durable goods firm. Management Sci. 44(11):19–34.Link, Google Scholar
• Desai PS, Purohit D (1999) Competition in durable goods markets: The strategic consequences of leasing and selling. Marketing Sci. 18(1):42–58.Link, Google Scholar
• Desai PS, Purohit D (2004) “Let me talk to my manager”: Haggling in a competitive environment. Marketing Sci. 23(2):219–233.Link, Google Scholar
• Fischer JH, Harrington JE (1996) Product variety and firm agglomeration. RAND J. Econom. 27(2):281–309.Crossref, Google Scholar
• Gallagher KS, Muehlegger E (2011) Giving green to get green? Incentives and consumer adoption of hybrid vehicle technology. J. Environment. Econom. Management 61(1):1–15.Crossref, Google Scholar
• Gielens K, Van de Gucht LM, Steenkamp J, Dekimpe MG (2008) Dancing with a giant: The effect of Wal-Mart’s entry into the United Kingdom on the performance of European retailers. J. Marketing Res. 45(5):519–534.Crossref, Google Scholar
• Hausman J, Leibtag E (2007) Consumer benefits from increased competition in shopping outlets: Measuring the effect of Wal-Mart. J. Appl. Econometrics 22(7):1157–1177.Crossref, Google Scholar
• Jia P (2008) What happens when Wal-Mart comes to town: An empirical analysis of the discount retailing industry. Econometrica 76(6):1263–1316.Crossref, Google Scholar
• Jiménez JL, Perdiguero J (2014) Mergers and difference-in-difference estimator: Why firms do not increase prices? Eur. J. Law Econom. 1–27.Google Scholar
• Joskow AS, Werden GJ, Johnson RL (1994) Entry, exit, and performance in airline markets. Internat. J. Indust. Organ. 12(4):457–471.Crossref, Google Scholar
• Kalnins A (2004) An empirical analysis of territorial encroachment within franchised and company-owned branded chains. Marketing Sci. 23(4):476–489.Link, Google Scholar
• Lafontaine F, Morton FS (2010) Markets: State franchise laws, dealer terminations, and the auto crisis. J. Econom. Perspectives 24(3):233–250.Crossref, Google Scholar
• Levinthal DA, Purohit D (1989) Durable goods and product obsolescence. Marketing Sci. 8(1):35–56.Link, Google Scholar
• Manuszak MD, Moul CC (2008) Prices and endogenous market structure in office supply superstores. J. Indust. Econom. 68(3):94–112.Crossref, Google Scholar
• Marshall A (1920) Principles of Economics (Macmillan, London).Google Scholar
• Martin X, Mitchell W, Swaminathan A (1995) Recreating and extending Japanese automobile buyer-supplier links in North America. Strategic Management J. 16(8):589–619.Crossref, Google Scholar
• Newmark CM (2006) Price-concentration studies: There you go again. Moriati P, ed. Antitrust Policy Issues (Nova Science Publishers, New York), 9–42.Google Scholar
• Orhun AY (2012) Spatial differentiation in the supermarket industry: The role of common information. Quant. Marketing Econom. 11(1):1–35.Google Scholar
• Punj GN, Staelin R (1983) A model of consumer information search behavior for new automobiles. J. Consumer Res. 9(4):366–380.Crossref, Google Scholar
• Purohit D (1992) Exploring the relationship between the markets for new and used durable goods: The case of automobiles. Marketing Sci. 11(2):154–167.Link, Google Scholar
• Rhee H, Bell DR (2002) The inter-store mobility of supermarket shoppers. J. Retailing 78(4):225–237.Crossref, Google Scholar
• Rosenthal RW (1980) A model in which an increase in the number of sellers leads to a higher price. Econometrica 48(6):1575–1579.Crossref, Google Scholar
• Rosenthal SS, Strange WC (2003) Geography, industrial organization, and agglomeration. Rev. Econom. Statist. 85(2):377–393.Crossref, Google Scholar
• Samuelson L, Zhang J (1992) Search costs and prices. Econom. Lett. 38(1):55–60.Crossref, Google Scholar
• Schiraldi P (2011) Automobile replacement: A dynamic structural approach. RAND J. Econom. 42(2):266–291.Crossref, Google Scholar
• Schmalensee R (1989) Inter-industry studies of structure and performance. Handbook Indust. Organ. 2:951–1009.Crossref, Google Scholar
• SIGTARP (2010) Factors affecting the decisions for General Motors and Chrysler to reduce their dealership networks. Office of the Special Inspector General, Washington, DC, 1–40.Google Scholar
• Simon D (2005) Incumbent pricing responses to entry. Strategic Management J. 26(13):1229–1248.Crossref, Google Scholar
• Singh V, Zhu T (2008) Pricing and market concentration in oligopoly markets. Marketing Sci. 27(6):1020–1035.Link, Google Scholar
• Singh V, Hansen KT, Blattberg RC (2006) Market entry and consumer behavior: An investigation of a Wal-Mart supercenter. Marketing Sci. 25(5):457–476.Link, Google Scholar
• Smith RL (1982) Franchise regulation: An economic analysis of state restrictions on automobile distribution. J. Law Econom. 25(1):125–157.Crossref, Google Scholar
• Stahl K (1982) Differentiated products, consumer search, and locational oligopoly. J. Indust. Econom. 31(1/2):97–113.Crossref, Google Scholar
• Sudhir K (2001) Competitive pricing behavior in the auto market: A structural analysis. Marketing Sci. 20(1):42–60.Link, Google Scholar
• Thomas LA (1999) Incumbent firms’ response to entry: Price, advertising, and new product introduction. Internat. J. Indust. Organ. 17(4):527–555.Crossref, Google Scholar
• Vitorino MA (2012) Empirical entry games with complementarities: An application to the shopping center industry. J. Marketing Res. 49(2):175–191.Crossref, Google Scholar
• Weiss LW (1989) Concentration and Price (MIT Press, Cambridge, MA).Google Scholar
• Wernerfelt B (1994) Selling formats for search goods. Marketing Sci. 13(3):298–309.Link, Google Scholar
• Yamawaki H (2002) Price reactions to new competition: A study of U.S. luxury car market, 1986–1997. Internat. J. Indust. Organ. 20(1):19–39.Crossref, Google Scholar
• Zhu T, Singh V (2009) Spatial competition with endogenous location choices: An application to discount retailing. Quant. Marketing Econom. 7(1):1–35.Crossref, Google Scholar
• Zhu T, Singh V, Dukes A (2011) Local competition, entry, and agglomeration. Quant. Marketing Econom. 9(2):129–154.Crossref, Google Scholar
• Zhu T, Singh V, Manuszak MD (2009) Market structure and competition in the retail discount industry. J. Marketing Res. 46(4):453–466.Crossref, Google Scholar