Effects of the sunday shopping restriction in korea

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

We examine the effectiveness of Korea's Sunday superstore shopping regulation, whose purpose is to protect small- and medium-sized retailers as well as traditional markets. Applying a two-way random-effects regression model to the daily sales data of four megastores and four super supermarkets, we find the net sales decrease of superstores is on average 5.61% of daily sales after taking into account sales increases due to consumers' switching to weekdays. Only about 17%-19% of the reduced superstore sales are transferred to traditional markets. Based on these estimates, the compensating variation per year is predicted to be 2.4-2.5 trillion Korean won (around US $2.1-2.2 billion). (JEL L51, L88)

Original languageEnglish
Pages (from-to)203-215
Number of pages13
JournalContemporary Economic Policy
Volume34
Issue number1
DOIs
Publication statusPublished - 2016 Jan 1

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting(all)
  • Economics and Econometrics
  • Public Administration

Fingerprint Dive into the research topics of 'Effects of the sunday shopping restriction in korea'. Together they form a unique fingerprint.

  • Cite this