Chevalier, Judith A.; Kashyap, Anil K.; Rossi, Peter E. - In: American Economic Review 93 (2003) 1, pp. 15-37
We examine retail and wholesale prices for a large supermarket chain over seven and one-half years. We find that prices fall on average during seasonal demand peaks for a product, largely due to changes in retail margins. Retail margins for specific goods fall during peak demand periods for that...