Synchronisation in multi-product firms. Evidence from german grocery prices.

Loy, Jens-Peter and Weiss, Christoph (2003) Synchronisation in multi-product firms. Evidence from german grocery prices. Working Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness", 28. Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, Vienna.

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Abstract

Using a unique panel data set for German grocery prices we find significant price synchronization within food retail chains as well as within individual food stores (between products). Price synchronization between chains appears to be less pronounced. Common shocks can only explain some synchronization, indicating that strategic motives as well as menu costs are of significant importance. (author's abstract)

Item Type: Paper
Keywords: staggering / synchronization / fixed-effects probit model
Classification Codes: JEL D40, L16
Divisions: Departments > Volkswirtschaft
Depositing User: Repository Administrator
Date Deposited: 05 Jun 2003 14:51
Last Modified: 22 Oct 2019 00:41
URI: https://epub.wu.ac.at/id/eprint/300

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