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- Publisher Website: 10.1007/s11151-023-09922-0
- Scopus: eid_2-s2.0-85173517377
- WOS: WOS:001075292900001
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Article: How do Everyday-Low-Price Supermarkets Adjust Their Prices?
| Title | How do Everyday-Low-Price Supermarkets Adjust Their Prices? |
|---|---|
| Authors | |
| Keywords | Asymmetric price transmission Everyday-low-price supermarkets Food prices Price adjustment Retail price Time series |
| Issue Date | 4-Oct-2023 |
| Publisher | Springer |
| Citation | Review of Industrial Organization, 2023 How to Cite? |
| Abstract | Was the rapid increase and collapse of commodity prices in 2007–2009 passed through to supermarket prices symmetrically? This study is the first to address this issue for an everyday-low-price (EDLP) supermarket chain, which infrequently changes its prices and rarely has sales. We also reexamine the question for typical firms that set a usual high price and have frequent sales. We examine 25 goods that use a primary commodity (such as rice in a bag of rice). We fail to reject symmetric adjustments for very few goods for both types of stores. In addition, we find that the probability an EDLP chain adjusts its prices in response to even a large commodity price shock is low for most goods. |
| Persistent Identifier | http://hdl.handle.net/10722/338927 |
| ISSN | 2023 Impact Factor: 0.8 2023 SCImago Journal Rankings: 0.687 |
| ISI Accession Number ID |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | He, GJ | - |
| dc.contributor.author | LaFrance, JT | - |
| dc.contributor.author | Perloff, JM | - |
| dc.contributor.author | Volpe, R | - |
| dc.date.accessioned | 2024-03-11T10:32:36Z | - |
| dc.date.available | 2024-03-11T10:32:36Z | - |
| dc.date.issued | 2023-10-04 | - |
| dc.identifier.citation | Review of Industrial Organization, 2023 | - |
| dc.identifier.issn | 0889-938X | - |
| dc.identifier.uri | http://hdl.handle.net/10722/338927 | - |
| dc.description.abstract | <p>Was the rapid increase and collapse of commodity prices in 2007–2009 passed through to supermarket prices symmetrically? This study is the first to address this issue for an everyday-low-price (EDLP) supermarket chain, which infrequently changes its prices and rarely has sales. We also reexamine the question for typical firms that set a usual high price and have frequent sales. We examine 25 goods that use a primary commodity (such as rice in a bag of rice). We fail to reject symmetric adjustments for very few goods for both types of stores. In addition, we find that the probability an EDLP chain adjusts its prices in response to even a large commodity price shock is low for most goods.</p> | - |
| dc.language | eng | - |
| dc.publisher | Springer | - |
| dc.relation.ispartof | Review of Industrial Organization | - |
| dc.rights | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. | - |
| dc.subject | Asymmetric price transmission | - |
| dc.subject | Everyday-low-price supermarkets | - |
| dc.subject | Food prices | - |
| dc.subject | Price adjustment | - |
| dc.subject | Retail price | - |
| dc.subject | Time series | - |
| dc.title | How do Everyday-Low-Price Supermarkets Adjust Their Prices? | - |
| dc.type | Article | - |
| dc.identifier.doi | 10.1007/s11151-023-09922-0 | - |
| dc.identifier.scopus | eid_2-s2.0-85173517377 | - |
| dc.identifier.eissn | 1573-7160 | - |
| dc.identifier.isi | WOS:001075292900001 | - |
| dc.identifier.issnl | 0889-938X | - |