Retail price dynamics and retailer heterogeneity: UK evidence
Accepted manuscript: © 2014. Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
We examine retailer heterogeneity in price adjustment in UK supermarkets. Considerable variation in the price change frequency of identically bar-coded products among retail chains is found. Decomposition analysis suggests that price adjustment is evenly split between sales and reference prices with substantive variation across retailers.
We acknowledge funding under the European Commission’s Seventh Framework Programme, Project name: TRANSFOP Project no.: KBBE-265601-4
This is the author accepted manuscript. The final version is available from Elsevier via the DOI in this record.
Vol. 124, pp. 434 - 438