Resource title

Synchronisation in multi-product firms. Evidence from german grocery prices.

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Resource description

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. (author's abstract) ; Series: Working Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness"

Resource author

Jens-Peter Loy, Christoph Weiss

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en

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application/pdf

Resource resource URL

http://epub.wu.ac.at/300/1/document.pdf

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