Abstract
Using unique panel data for German grocery prices, we find significant price synchronization within retail chains and between products. Common shocks can only explain some synchronization, indicating that strategic motives as well as menu costs are of significant importance.
| Original language | English |
|---|---|
| Pages (from-to) | 123-127 |
| Journal | Economics Letters |
| Volume | 85 |
| Issue number | 1 |
| Publication status | Published - 2004 |