Measuring value and interest rate risk in retail financial markets such as the market for consumer deposits has proven to be a very difficult problem for financial firms. Standard models of value and interest rate risk (duration), based on the competitive market paradigm, are inappropriate in retail markets characterized by sluggish price and quantity behavior. Although the penetration of sophi...

We use bank retail interest rates as price examples in a study of the determinants of price durations. The extraordinary richness of the data allows us to address some major open issues from the price rigidity literature, such as the functional form of the hazard of changing a price, the effect of firm and market characteristics on the duration of prices, and asymmetry in the speed of adjustmen...

In this paper, an agent-based structure of the electricity retail market is presented based on which day-ahead (DA) energy procurement for customers is modeled. Here, we focus on operation of only one Retail Energy Provider (REP) agent who purchases energy from DA pool-based wholesale market and offers DA real time tariffs to a group of its customers. As a model of customer response to the offe...

Problem statement: The aim of this study is to create a GIS application for retail facilities planning in Saudi Arabia. Jeddah city has been selected as a case study representing a major commercial city in Saudi Arabia. Approach: The crated application covers several retail planning analysis issues. These issues are divided in to two major groups called the city scale retail planning and the re...

With the introduction of the Euro, a single European money market has emerged. Further wholesale financial markets are considered to be highly integrated within the European Union. However, integration in retail financial markets is less advanced. For measuring financial market integration this distinction between wholesale and retail markets becomes crucial. There is a wide literature relating...

Empirical studies to date have delivered mixed conclusions on the question of whether the widely acclaimed assertions of lower electronic retail (e-tail) prices are indeed true, and to what extent these benefits are able to transcend the virtual world by impacting retail prices. One explanation for the mixed conclusions is that they provide only a discrete snapshot of a limited segment of the m...

The European banking industry joined forces to achieve a fully integrated market for retail payment services in the euro area: the Single Euro Payments Area (SEPA). Against this background, the present paper examines the fundamental relationship between retail payment business and overall bank performance. Using data from across 27 European markets over the period 2000–2007, we analyse whether ...

Nicholls, David L. 2002. Evaluation of the retail market potential for locally produced paper birch lumber in Alaska. Gen. Tech. Rep. PNW-GTR-493. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 17 p. An evaluation of the retail market potential for random-width paper birch (Betula papyrifera Marsh.) lumber in Alaska was conducted. Information f...

T paper proposes a descriptive model of the spatial and temporal evolution of retail distribution for new packaged goods. The distribution model postulates separate processes for local market entry by manufacturers, and adoption by retailers given entry. Of special interest is whether retail adoption occurs along a competitive network with retailers as nodes and overlapping trade areas of these...

We construct a model of trade with heterogeneous retailers to examine the effects of trade liberalization on retail market structure, imports and social welfare. We are especially interested in studying the degree of pass-through of import into retail prices and the effects of retail market regulation. The paper shows that the degree of pass-through may be large when market structure effects ar...