Pricing behaviour in the Polish pork market during transition

Heinrich Hockmann and Agata Pieniadz

EconStor Open Access Articles and Book Chapters, 2004, vol. 71, issue 1, 108 pages

Abstract: This study deals with price differentiation in the Polish pork market. The hypotheses about firms’ behaviour are derived from theoretical considerations and tested in an econometric analysis using balanced panel data of weekly prices for pork products and selected companies between 1991 and 1998. The empirical findings show that prices are significantly influenced by production costs and the degree of competition among meat processors. In addition, the results suggest that cost leadership strategy, as well as vertical and horizontal product differentiation, are relevant phenomena in the market under investigation. The findings indirectly confirm theoretical considerations suggesting that in oligopolistic markets, firms follow different marketing strategies in order to withstand competitive pressure, and hence to increase their economic efficiency.

Keywords: pricing; market structure; product quality; formation de prix; structure du marché; qualité du produit (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:320477

DOI: 10.3406/reae.2004.941

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