๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Price rigidity and market power in German retailing

โœ Scribed by Sascha A. Weber; Sven M. Anders

Publisher
John Wiley and Sons
Year
2007
Tongue
English
Weight
199 KB
Volume
28
Category
Article
ISSN
0143-6570

No coin nor oath required. For personal study only.

โœฆ Synopsis

Abstract

This paper presents empirical evidence on the interplay important topics of consumer price rigidity and market power in the German food retail industry. In particular, the analysis addresses the causal relationship between market structureโ€”collusionโ€”and pricing behaviour highlighted in the industrial organization literature. Extensive analysis of retail scanner data across beef and pork products reveals considerable differences in price rigidity across store types. Supermarket pricing behaviour is evaluated with respect to all price changes retail sales action and price adjustments indicating that food discounters exhibit the highest degree of rigid prices. Retail concentration, as an important explanatory factor of price stickiness is investigated via the analysis of retail market power employing a conjecturalโ€variation approach. The analysis of market conduct in the marketing of beef and pork products indicates simultaneous oligopolistic and oligopsonistic behaviour of retail firms. Copyright ยฉ 2007 John Wiley & Sons, Ltd.

๐Ÿ“œ SIMILAR VOLUMES

Price variability and price dispersion i
Price variability and price dispersion in a stable monetary environment: evidence from German retail markets
โœ Matthias R. Fengler; Joachim K. Winter ๐Ÿ“‚ Article ๐Ÿ“… 2007 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 190 KB

## Abstract We investigate the relationship between inflation and price variation using highly disaggregated, weekly price data for consumption goods recorded in Germany during 1995, a lowโ€inflation period. We find a significant positive correlation between the rates of price change and price dispe

Retail and wholesale market power in org
Retail and wholesale market power in organic apples
โœ Timothy J. Richards; Ram N. Acharya; Ignacio Molina ๐Ÿ“‚ Article ๐Ÿ“… 2011 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 197 KB

The demand for organic fresh fruits and vegetable continues to grow at a rate far higher than the rest of the produce industry. The cost of meeting organic certification standards, however, has meant that supply has been slow to adjust. With limited supply, the authors hypothesize that organic suppl

Thick markets, market competition and pr
Thick markets, market competition and pricing dynamics: evidence from retailers
โœ Kostas Axarloglou ๐Ÿ“‚ Article ๐Ÿ“… 2007 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 146 KB

## Abstract By using storeโ€level transaction price data for books in Ann Arbor, Michigan, and music CDs in Natick, Massachusetts, the implications of thick markets and the intensity of market competition on price markups and the synchronization in price adjustments are empirically tested. The data