Retailer Market Concentration, Buyer-Size Discounts and Inflation Dynamics

Mayumi Ojima, Junnosuke Shino and Kozo Ueda
Additional contact information
Mayumi Ojima: Bank of Japan

The Japanese Economic Review, 2018, vol. 69, issue 1, No 7, 127 pages

Abstract: Abstract This study considers the macroeconomic effects of retailer market concentration and buyer-size discounts on inflation dynamics. During Japan’s “lost decades”, large retailers enhanced their market power, thus increasing the exploitation of buyer-size discounts in the procurement of goods. We incorporate this effect into an otherwise standard New Keynesian model. Calibrating to the Japanese economy during the lost decades, we find that these developments led to a deflation of approximately 0.1% annually.

Keywords: E31; E32; L11 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://link.springer.com/10.1111/jere.12150 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jecrev:v:69:y:2018:i:1:d:10.1111_jere.12150

Ordering information: This journal article can be ordered from
https://www.springer.com/journal/42973

DOI: 10.1111/jere.12150

Access Statistics for this article

The Japanese Economic Review is currently edited by Michihiro Kandori

More articles in The Japanese Economic Review from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().