Price Transmission At The Micro-level: What Accounts For The Heterogeneity?

Hao Lan, Tim Lloyd, Steve McCorriston and Wyn Morgan

No 260884, 2017 International Congress, August 28-September 1, 2017, Parma, Italy from European Association of Agricultural Economists

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 bychain and that the characteristics of pricing behaviour and differences in vertical control across are important determinants of price transmission.

Keywords: Industrial; Organization (search for similar items in EconPapers)
Pages: 14
Date: 2017-08-29
New Economics Papers: this item is included in nep-com and nep-eur
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Working Paper: Price Transmission at the Micro Level: What Accounts for the Heterogeneity? (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae17:260884

DOI: 10.22004/ag.econ.260884

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