@article{Bonanno:149931,
      recid = {149931},
      author = {Bonanno, Alessandro},
      title = {An Empirical Investigation of Wal-Mart’s Expansion into  Food Retailing},
      address = {2008-04},
      number = {1586-2016-134166},
      series = {Research Report},
      pages = {31},
      year = {2008},
      abstract = {This paper analyzes Wal-Mart’s expansion into food  retailing, focusing on its store conversion strategy via a  formal IO entry framework. Forty-eight different competing  model specifications are considered to determine how the  company perceives competition from incumbent food retailers  and how its geographic expansion pattern has influenced its  store differentiation decisions over time. The results show  that Supercenter openings mainly have targeted large areas  with low population density and a high percentage of  population receiving food stamps. The results also suggest  that as the company moves toward geographic saturation of  local markets, some of the strategic location decisions  creating economies of density may need to be reconsidered  in future years.},
      url = {http://ageconsearch.umn.edu/record/149931},
      doi = {https://doi.org/10.22004/ag.econ.149931},
}