Price transmission at the micro-level: what accounts for the heterogeneity?

Lan, H., Lloyd, T., McCorriston, S. and Morgan, C.W., 2017. Price transmission at the micro-level: what accounts for the heterogeneity? In: European Association of Agricultural Economists: Towards Sustainable Agri-food Systems: Balancing Between Markets and Society, 29 August-2 September 2017, Parma, Italy.

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Abstract

We use high-frequency scanner data to estimate product-specific price transmission elasticities across product types, between national brands and private labels and across retail chains in the UK. The results provide new insights into the determinants of price transmission including the role of vertical control in the retail chain, the elasticity of retail mark-ups and retailer market power. Using data on 106 orange juice products over 130 weeks for 7 UK retail chains, we highlight significant variation in price transmission by chain and that the characteristics of pricing behaviour and differences in vertical control across are important determinants of price transmission.

Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:Scanner data; retailers; price transmission
Group:Faculty of Management
ID Code:29690
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:12 Sep 2017 13:11
Last Modified:12 Sep 2017 13:11

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