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In this paper we investigate the size of markups for nationally branded products sold in the U.S. retail grocery industry. Using scanner data from a large Midwestern supermarket chain, we compute several measures of upper and lower bounds on markup ratios for over 230 nationally branded products...
Persistent link: https://www.econbiz.de/10013204715
expenditures into these “pricing” production processes. We coin the term “pricing capital” for these investments, and suggest that … they can improve the efficiency of the “pricing production” activities by both reducing the costs of adjusting prices, and … of the existence as well as the importance of pricing capital in firms. The existence of firm-level “pricing capital” has …
Persistent link: https://www.econbiz.de/10013204749
expenditures into these "pricing" production processes. We coin the term "pricing capital" for these investments, and suggest that … they can improve the efficiency of the "pricing production" activities by both reducing the costs of adjusting prices, and … of the existence as well as the importance of pricing capital in firms. The existence of firm-level "pricing capital" has …
Persistent link: https://www.econbiz.de/10014028006
We empirically study the market power of U.S. national brand manufacturers by estimating the size of markups for nationally branded products sold in the U.S. retail grocery industry. We use scanner data from a large Midwestern supermarket chain to compute several different measures of upper and...
Persistent link: https://www.econbiz.de/10014029569
Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Emmanuel Dhyne, Catherine Fuss, Hashem Pesaran, and Patrick Sevestre (2007); Presented at the Spring 2007 Conference of the Deutsche Bundesbank and the Banque De France on "Micro-Data and Macroeconomic Implications," April...
Persistent link: https://www.econbiz.de/10005836083
In this paper we investigate the size of markups for nationally branded products sold in the U.S. retail grocery industry. Using scanner data from a large Midwestern supermarket chain, we compute several measures of upper and lower bounds on markup ratios for over 230 nationally branded products...
Persistent link: https://www.econbiz.de/10008553021
expenditures into these “pricing” production processes. We coin the term “pricing capital” for these investments, and suggest that … they can improve the efficiency of the “pricing production” activities by both reducing the costs of adjusting prices, and … of the existence as well as the importance of pricing capital in firms. The existence of firm-level “pricing capital” has …
Persistent link: https://www.econbiz.de/10008526362
This is a discussion of Ratfai (2007), presented at the 2007 Macroeconomics Workshop of the Rimini Center for Economic Analysis on "The Macroeconomics of Price Setting," May 10-11, 2007, University of Bologna, Rimini, Italy.
Persistent link: https://www.econbiz.de/10011107663
expenditures into these “pricing” production processes. We coin the term “pricing capital” for these investments, and suggest that … they can improve the efficiency of the “pricing production” activities by both reducing the costs of adjusting prices, and … of the existence as well as the importance of pricing capital in firms. The existence of firm-level “pricing capital” has …
Persistent link: https://www.econbiz.de/10005561290
Discussion of "The Pricing Behavior of Firms in the Euro Area: New Survey Evidence" by S. Fabiani, M. Druant, I …
Persistent link: https://www.econbiz.de/10005789749