The Price Effects of an Emerging Retail Market

Jiri Podpiera and Marie Raková

Working Papers from Czech National Bank, Research and Statistics Department

Abstract: In this paper we analyze the effects of changing market structure on price dynamics of final goods in the emerging Czech retail market. We estimate the extent of upstream and downstream market power and find that changing market structure was responsible for an average yearly decrease in the prices of retailed products of 0.8 p.p. during 2000–2005. At the same time, however, we anticipate that the already started period of mergers and acquisitions could cause yearly increases in the prices of retailed products of 1.2 p.p. (approximately 0.5 p.p. in the CPI) over the next ten years.

Keywords: Market structure; retail market; transition economy. (search for similar items in EconPapers)
JEL-codes: L1 L81 (search for similar items in EconPapers)
Date: 2008-11
New Economics Papers: this item is included in nep-com and nep-tra
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Journal Article: The Price Effects of an Emerging Retail Market (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:cnb:wpaper:2008/6

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