European Business Schools Librarian's Group

Working Papers,
Vienna University of Economics and Business Research Group: Growth and Employment in Europe: Sustainability and Competitiveness

Synchronisation in multi-product firms: evidence from german grocery prices

Jens-Peter Loy () and Christoph R. Weiss ()
Additional contact information
Jens-Peter Loy: Georg-August-University Goettingen
Christoph R. Weiss: Vienna University of Economics & B.A.

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

JEL-codes: D40; L16 August 2003

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