Synchronisation in multi-product firms. Evidence from german grocery prices.

Jens-Peter Loy, Christoph Weiss

Publikation: Working/Discussion PaperWU Working Paper

28 Downloads (Pure)

Abstract

Using a unique panel data set for German grocery prices we find significant price synchronization within food retail chains as well as within individual food stores (between products). Price synchronization between chains appears to be less pronounced. Common shocks can only explain some synchronization, indicating that strategic motives as well as menu costs are of significant importance. (author's abstract)

Publikationsreihe

ReiheWorking Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness"
Nummer28

WU Working Paper Reihe

  • Working Papers Series \ Growth and Employment in Europe Sustainability and Competitiveness

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