@techreport{Weber2007Price,
abstract = {This paper presents empirical evidence on the interplay important topics of consumer
price rigidity and market power in the German food retail industry. In particular, the
analysis addresses the causal relationship between market structure - collusion - and
pricing behaviour highlighted in the industrial organization literature. Extensive analysis
of retail scanner data across beef and pork products reveals considerable differences
in price rigidity across store types. Supermarket pricing behaviour is evaluated with
respect to all price changes, retail sales actions and price adjustments indicating that
food discounters exhibit the highest degree of rigid prices. Retail concentration, as an
important explanatory factor of price stickiness is investigated via the analysis of retail
market power employing a conjectural variation approach. The analysis of market
conduct in the marketing of beef and pork products indicates simultaneous oligopolistic
and oligopsonistic behaviour of retail firms.},
author = {Sascha A. Weber and Sven Anders},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {330; Nahrungsmittelpreis; Nahrungsmittelpreispolitik; Preisrigidit\"{a}t; Lebensmitteleinzelhandel; Deutschland},
language = {eng},
number = {31},
title = {Price Rigidity and Market Power in German Retailing},
type = {Discussion Papers / Zentrum f\"{u}r internationale Entwicklungs- und Umweltforschung},
url = {http://hdl.handle.net/10419/21927},
year = {2007}
}
