Buyer and seller power in grocery retailing: evidence from Italy
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| Natura: | Artículo científico |
| Lingua: | en |
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Universidad del Rosario
2007
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| _version_ | 1876431974431719424 |
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| author | Monica Giulietti |
| author_facet | Monica Giulietti |
| contents | Buyer and seller power in grocery retailing: evidence from Italy Monica Giulietti Economía y Finanzas Price panel data cost margins price competiti on vertical bargaining This work investigates the effect of upstream and downstream mar- ket concentration on retailers’ price-cost margins using b imonthly data over the period 1989–1992 disaggregated by retailer type and produc t. In addition to horizontal concentration, differentiation, and cost facto rs, the analysis includes buyer power amongst the determinants of retailers’ profitab ility, as a result of vertical bargaining. Using a fixed effects model in first diff erences we find evidence of bargaining activity between large chains and fo od manufacturers. Our analysis of price competition at the retail level also re veals some interde- pendence in the pricing decisions of the largest retail orga nisations and price leadership by large independent shops. 2007 artículo científico 0123-5362 https://www.redalyc.org/articulo.oa?id=509555106002 en http://www.redalyc.org/revista.oa?id=5095 Revista de Economía del Rosario application/pdf Universidad del Rosario Revista de Economía del Rosario (Colombia) Num.2 Vol.10 |
| format | Artículo científico |
| id | redalyc_509555106002 |
| institution | Redalyc |
| language | en |
| publishDate | 2007 |
| publisher | Universidad del Rosario |
| spellingShingle | Buyer and seller power in grocery retailing: evidence from Italy Monica Giulietti Economía y Finanzas Price panel data cost margins price competiti on vertical bargaining Buyer and seller power in grocery retailing: evidence from Italy Monica Giulietti Economía y Finanzas Price panel data cost margins price competiti on vertical bargaining This work investigates the effect of upstream and downstream mar- ket concentration on retailers’ price-cost margins using b imonthly data over the period 1989–1992 disaggregated by retailer type and produc t. In addition to horizontal concentration, differentiation, and cost facto rs, the analysis includes buyer power amongst the determinants of retailers’ profitab ility, as a result of vertical bargaining. Using a fixed effects model in first diff erences we find evidence of bargaining activity between large chains and fo od manufacturers. Our analysis of price competition at the retail level also re veals some interde- pendence in the pricing decisions of the largest retail orga nisations and price leadership by large independent shops. 2007 artículo científico 0123-5362 https://www.redalyc.org/articulo.oa?id=509555106002 en http://www.redalyc.org/revista.oa?id=5095 Revista de Economía del Rosario application/pdf Universidad del Rosario Revista de Economía del Rosario (Colombia) Num.2 Vol.10 |
| title | Buyer and seller power in grocery retailing: evidence from Italy |
| topic | Economía y Finanzas Price panel data cost margins price competiti on vertical bargaining |
| url | https://www.redalyc.org/articulo.oa?id=509555106002 |