Gains from trade policy reform are not distributed equally between countries, the variation in the distribution of welfare changes being particularly notable between developed and developing countries. This paper assesses , both theoretically and empirically, what factors determine the...

This paper assesses the role of sales as a feature of price dynamics using scanner data. The study analyses a unique, high frequency panel of supermarket prices consisting of over 230,000 weekly price observations on around 500 products in 15 categories of food stocked by the UK’s seven...