price effects. This research extends previous work on the category-level multivariate logit model (Russell and Petersen 2000 … basket composition. Because the model can be written in a closed form manner, we can easily study the pattern of brand price … competition by computing a matrix of cross-price elasticities. We use scanner panel data for the yogurt category to demonstrate …

profitability using new data on Russia that allow us to overcome the endogeneity problem of market structure and expand on the … concentration does increase profitability, but only in geographically dispersed industries, suggesting that regional markets are an … are persistent in the long run. And we find for Russia that capital intensity is negatively related to profitability …

Most empirical studies on price setting that use micro data focus on advanced industrial countries. In this paper we … part of the consumer price index (about 5 million observations). We find that market structure is an important determinant …. Increased competition may reduce persistence by increasing the frequency of price changes. In contrast, higher competition may …