Synchronisation in multi-product firms: evidence from german grocery prices

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.

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Year of publication:	2003-08
Authors:	Loy, Jens-Peter ; Weiss, Christoph R.
Institutions:	Vienna University of Economics and Business Research Group: Growth and Employment in Europe: Sustainability and Competitiveness
Subject:	staggering \| synchronization \| fixed-effects probit model

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	PDF Document
Classification:	D40 - Market Structure and Pricing. General ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005539172