The Regulation Level of Business Hours
MPRA Paper from University Library of Munich, Germany
Using the model based on Inderst and Irmen (2005), we analyze retail industries with competition in business hours and prices and examine the desirable degree of business hours regulation for policy makers who have objectives to enhance the welfare. We find that the strict regulation of business hours, which business hours are regulated in all regions, enhances the welfare only when the transportation cost parameter is relatively large. This implies that, contrary to some previous studies, the deregulation is not always welfare enhancing. Although some countries have regulated business hours only in some regions, such partial regulation might worsen the welfare because a retail store located at deregulated regions charges a higher price.
Keywords: regulation level of business hours; welfare implications (search for similar items in EconPapers)
JEL-codes: D21 L51 L81 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com and nep-reg
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