Social Fabric, Regulations and the Efficiency of Retail Systems
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.
Document Type: Research Article
Affiliations: Università IULM, Via Carlo Bò 1, 20143, Milano, Italy
Publication date: July 1, 2005