Is Shopping at Walmart an Inferior Good? Evidence from 1997-2010
Keywords:
Business, Economics, Finance, Income, WalmartAbstract
We test the relative income elasticity of shopping at Walmart and Target using quarterly data from 1997- 2010. We seek to isolate the effects of income changes by controlling for price level, retail space, and measures of time. Our findings indicate Walmart’s income elasticity, while lower than Target’s, is positive, indicating shopping at both stores is normal rather than inferior.
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Published
2016-03-01
How to Cite
Weinandt, M., & Allgrunn, M. (2016). Is Shopping at Walmart an Inferior Good? Evidence from 1997-2010. Journal of Applied Business and Economics, 18(1). Retrieved from https://mail.articlegateway.com/index.php/JABE/article/view/830
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