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Social Fabric, Regulations and the Efficiency of Retail Systems

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Abstract:

The article focuses on the shortcomings of aggregate productivity indices in comparing efficiency across retail systems. Since retail systems are still far apart from one another, aggregate measures of productivity are unable to account for the different social fabrics to which retailing is so intimately related. It is argued that a better approach would be to compare regulations affecting retailing and evaluate their implications on the efficacy of the industry.

Keywords: Retail; productivity; regulations; social fabric

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/09593960500119556

Affiliations: Università IULM, Via Carlo Bò 1, 20143, Milano, Italy

Publication date: July 1, 2005

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