Institutions and competitiveness: the case of Lima’s supply markets
| Areas | : | Urbanization and sustainable cities |
|---|---|---|
| Researcher/s in charge | : | Ricardo Fort |
| Other researchers | : | Mauricio Espinoza |
| Execution time | : | October 2017 |
Presentation
This study aims to explain the reasons why traditional markets retain the leading role in retail food in Lima, despite the entry of supermarkets in the surrounding areas. Specifically, three main objectives are sought: First, to describe the expansion of supermarkets in Metropolitan Lima, as well as to study the main factors that explain or limit this expansion. Second, analyze the mechanisms and factors that explain the involvement of traditional market traders in the face of the competition that arises due to the expansion of modern marketing channels. Third, analyze the role that institutional (informal) elements play in allowing traditional markets to compete with supermarkets, at least to some extent.
