Periodic Markets: An Economic Location Analysis

to analyze the location of retail outlets in more developed economies. One must, of course, recognize that the existence of periodic markets is closely related to the needs of the society and not just the exchange of goods; the periodicity of these cycles is, in part, determined by social institutions [4, 14, 17]. Nonetheless, this analysis will ignore social and cultural variables, not because their effects are unimportant, but because economic variables are more tractable and we have greater knowledge of them.