Local retail concentration increased almost as much as national concentration from 1992 to 2012, mainly from multi-market firm expansion, and accounts for one-quarter to one-third of the rise in retail gross margins.
Big-Box Store Expansion and Consumer Welfare
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The Evolution of U.S. Retail Concentration
Local retail concentration increased almost as much as national concentration from 1992 to 2012, mainly from multi-market firm expansion, and accounts for one-quarter to one-third of the rise in retail gross margins.