Growth and Employment in Europe: Sustainability and Competitiveness, Department of Economics, WU (Wirtschaftsuniversität Wien)
Synchronisation in multi-product firms: evidence from german grocery prices
() and Christoph R. Weiss
Abstract: Using a unique panel data set for German grocery prices we
find significant price synchronization within food retail chains as well as
within individual food stores (between products). Price synchronization
between chains appears to be less pronounced. Common shocks can only
explain some synchronization, indicating that strategic motives as well as
menu costs are of significant importance.
Keywords: staggering; synchronization; fixed-effects probit model; (follow links to similar papers)
JEL-Codes: D40; L16; (follow links to similar papers)
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