Farmers Market Locations and Their Determinants: An Empirical Analysis in New England

Bonanno, Alessandro; Berning, Joshua; Etemaadnia, Hamideh

doi:10.1017/age.2016.43

Cited by 8 publications

(7 citation statements)

References 27 publications

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“…Ideally, we would use data on grocery retailing margins and outputs to estimate Equation (8), however, these are not publicly available for the food retail sector. 3 Therefore, we follow B&R and others (e.g., Bonanno et al, 2017;Cleary et al, 2018Cleary et al, , 2019 and infer profits from the number of firms in an area. That is, we assume that if we observe less than one firm in an area, that area is not pro table and economic profits would be less than zero.…”

Section: Empirical Modelmentioning

confidence: 99%

Food retail profits, competition, and the Great Recession

Cleary

Chenarides

2022

Agribusiness

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We investigate the competitive effects of entry in the food retail sector in nonmetropolitan counties in the United States from 1998 to 2014. We pay particular attention to the period that covers the Great Recession, which disrupted market structure across a number of industries.Using a county-level panel dataset, we use a seminal entry model to infer the local competitive effects of entry in the food retail sector. We estimate entry thresholds over time, which we then use to describe the rate of decline in profit margins following subsequent entry via entry threshold ratios. We find that food retail firms required a smaller market size to break even during the Great Recession, perhaps pointing to higher profits, as consumers shifted purchases to food-at-home. This effect is shortlived for all but a single firm. The market threshold required to support a single food retail firm remains low throughout the post-recession recovery period. We also find that the second firm may not decrease profit margins, but that competition increases meaningfully with the third and fourth entrants. The increased competition during the Great Recession also appears to have persisted into the recovery period. [EconLit Citations: L18; Q18].

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Section: Empirical Modelmentioning

confidence: 99%

Food retail profits, competition, and the Great Recession

Cleary

Chenarides

2022

Agribusiness

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“…Since the 1980s, the question of the exclusive role of the market as an economic category has been raised. Their original role was reflected in job creation (including informal employment), accumulation of wealth, income for traders and their families, and entrepreneurial skill development [5,23,24]. In addition to economic functions, traditional marketplaces were crucial localities for social, cultural, political, and religious activities [18].…”

Section: The Overview On Marketplaces' Development On the Global Scalementioning

confidence: 99%

“…In social terms, they represent spaces for mobility, solidarity, and social inclusion [4,10,22]. They contribute to many societal benefits including capital building, facilitation of social interaction, development of social capital, as well as a stronger sense of connection between consumers and the local community [24]. On the other hand, their cultural role is not negligible either.…”

Section: The Overview On Marketplaces' Development On the Global Scalementioning

confidence: 99%

The Analysis of Local Marketplace Business on the Selected Urban Case—Problems and Perspectives

et al. 2021

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Local marketplaces and street vendors represent an important segment of trade in a community and one of the initiators of the rural and peri-urban development. Agricultural and other products available at marketplaces and street vendors very often originate from a wider urban surrounding or nearby villages, so both are also an important factor of the daily migrations, exchange of goods, services, and money on the relation suburb-downtown and village-town/city. This study aims to analyze the social segments of the organization and operation of marketplaces, to provide an insight into the contemporary market processes and decision-making, and also to illustrate the future tendencies of the market outcomes of this aspect of the business. Using qualitative data processing, the results of one of the first empirical research on this topic in Serbia and this part of Europe will be analyzed. The results will show the economic, social, and cultural impact that marketplaces have on people’s everyday life and the economy of Serbia, along with defining future development guidelines. Besides, the findings of this research may be used by local authorities, the economy, and communities for future strategic development planning of this market segment. The outcomes may have an impact on future research of other aspects of marketplaces depending on the difference of regions, on one side, and also alternative opportunities for local development in less-advantaged communities, on the other side. Moreover, this contributes to the identification of the differences in the marketplace business management and sheds light on future initiatives for the encouragement of this local/global process.

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“…As a consequence, recent studies of direct marketing vendors have used vendor-level datasets that do not include data disaggregated by farmers market (Bauman et al, 2018;Connolly & Klaiber, 2019;Hughes et al, 2008;Jablonski et al, 2021;McDonald, 2019;O'Hara & Lin, 2020;O'Hara & Low, 2020;Plakias et al, 2020;Varner & Otto, 2008). Similarly, studies of farmers market organizations have used market-level datasets that do not include data disaggregated by vendor (Bonanno et al, 2017;Lohr et al, 2011;O'Hara & Coleman, 2017;Stephenson et al, 2008;Wilson et al, 2018). Henneberry et al (2009), Hughes and Isengildina-Massa (2015), and Schmit and Gomez (2011) are studies that undertook surveys of both farmers market managers and vendors.…”

Section: Literature Reviewmentioning

confidence: 99%

The influence of farmers markets' characteristics on vendor sales

O’Hara¹,

Dutton²,

Stavely³

2021

Agribusiness

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US farmers market managers must be strategic in deciding which vendors sell at their markets. They would benefit from understanding how market characteristics impact vendor sales, although the few studies that have explored this topic have found inconclusive results. We use a unique panel database of sales at 13 farmers markets to estimate how vendors' sales are influenced by the characteristics of their farmers market. We find that average sales at weekend farmers markets becomes increasingly large as farmers markets increase in size. At weekday markets, average sales increase as small markets add vendors but eventually decline as markets become larger. These results could occur if weekend markets attract shoppers from increasingly greater distances as they become larger, while average sales eventually decline as weekday markets increase in size due to vendor competition. Produce vendors experience higher average sales at weekend markets than weekday markets and experience a relatively small increase in sales as market size increases. Vendors of hot prepared foods experience higher sales at weekday markets [EconLit Citations: Q10, Q12, Q13].

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Farmers Market Locations and Their Determinants: An Empirical Analysis in New England

Cited by 8 publications

References 27 publications

Food retail profits, competition, and the Great Recession

Food retail profits, competition, and the Great Recession

The Analysis of Local Marketplace Business on the Selected Urban Case—Problems and Perspectives

The influence of farmers markets' characteristics on vendor sales

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