Comment on The Recent Evolution of Physical Retail Markets: Online Retailing, Big Box Stores, and the Rise of Restaurants
In this comment, I discuss the Lafontaine and Sivadasan paper and provide some background on measurement: how industry codes are assigned by the US Census Bureau, major development in the evolution of the retail sector, and the uneven effects of e-commerce on retail and consumer-facing service industries.
Any opinions and conclusions expressed herein are those of the authors and do not necessarily represent the views of the U.S. Census Bureau. No confidential data are used in this discussion. I thank Randy Becker, Cathy Buffington, and Shawn Klimek for helpful comments & conversations. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.
Nothing to disclose.