In Search of a Theory of Shopping Value: The Case of Rural Consumers

In Search of a Theory of Shopping Value: The Case of Rural Consumers

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Article ID: iaor201524583
Volume: 31
Issue: 3
Start Page Number: 589
End Page Number: 603
Publication Date: Sep 2009
Journal: Review of Agricultural Economics
Authors:
Keywords: home shopping, rural affairs
Abstract:

Although the challenges facing rural retailers have been attributed to competition and decreasing population, this paper defines the problem from rural consumers' perspective. It argues that consumers select shopping location on its shopping value, determined by its attractiveness and accessibility. The results indicate that locations closest to the consumer's residence offer the highest shopping value for groceries and other low‐order goods. They also show that increasing gasoline prices favor local retailers. Rural retailers may use these results to implement differentiating strategies that increase their attractiveness, accessibility, and consequently their competitiveness.

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