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branded equivalent, while the retailer's margin on the national brand is an upper bound on the retailer's marginal handling … cost for both the brand and private label versions. We find that lower bounds on the 'full' markup ratio range from 3 …
Persistent link: https://www.econbiz.de/10014126776
retailer's decision whether to carry an additional national brand or a store brand, and if the retailer chooses to introduce … the latter, where in product space to locate the store brand. Store brands differ from other brands in being both … store brand in a given category. We control for other motivations for carrying a store brand that have been used in the …
Persistent link: https://www.econbiz.de/10013249684
Online prices are increasingly being used for a variety of inflation measurement and research applications, yet little is know about their relation to prices collected offline, where most retail transactions take place. This paper presents the results of the first large-scale comparison of...
Persistent link: https://www.econbiz.de/10012995509
discuss a range of explanations for nearly-uniform pricing, highlighting managerial inertia and brand-image concerns as … mechanisms frequently mentioned by industry participants. Relative to our optimal benchmark, uniform pricing may significantly …
Persistent link: https://www.econbiz.de/10012900713
pricing behavior and the time distribution of transactions. Prices start high and fall as afunction of time on the shelf. The …
Persistent link: https://www.econbiz.de/10013223605
An upstream manufacturer can use minimum retail price maintenance (RPM) to exclude potential competitors. RPM lets the incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down- stream competition and the breakdown of RPM. Hence,...
Persistent link: https://www.econbiz.de/10013135407
firms to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between …
Persistent link: https://www.econbiz.de/10012985202
This paper examines the impact of e-commerce on pricing behavior and welfare. Using Japanese data, we find that the …
Persistent link: https://www.econbiz.de/10013224963
This paper tests for price patterns in retail gasoline markets consistent with those predicted by models of implicit collusion among firms. Recent supergame models show that the highest supportable collusive price is a function of today's profit relative to expected future profit: collusive...
Persistent link: https://www.econbiz.de/10013234346
We introduce a new data set on over 230,000 monthly prices for 10 goods in 50 Canadian cities over the 40 year period from 1910 to 1950. This coupled with previously published price information from the late twentieth century allows us to present one of the first comprehensive views of nominal...
Persistent link: https://www.econbiz.de/10013142082