The Library
Identifying and characterising price leadership in British supermarkets
Tools
Seaton, Jonathan S. and Waterson, Michael (2012) Identifying and characterising price leadership in British supermarkets. Working Paper. Coventry: Economics Department, University of Warwick. Warwick economics research paper series (TWERPS), Volume 2012 (Number 987).
|
Text (Working paper)
WRAP_Waterson_twerp_987.pdf - Other Download (452Kb) | Preview |
Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
Price leadership is a concept that lacks precision. We propose a deliberately narrow, falsifiable, definition and illustrate its feasibility using the two leading British
supermarket chains. We find both firms engaging in leadership behaviour over a range of products, with the larger being somewhat more dominant but the smaller
increasing leadership activity over time. Surprisingly, more price leadership events are price reductions than price increases, but the increases are of larger monetary
amounts (so average price increases over time) and the events appear not necessarily related to cost changes. Price leadership appears to play some role in price increases.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
---|---|---|---|---|---|
Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Prices, Consumption (Economics) -- Mathematical models, Cost, Supermarkets -- Great Britain, Leadership | ||||
Series Name: | Warwick economics research paper series (TWERPS) | ||||
Publisher: | Economics Department, University of Warwick | ||||
Place of Publication: | Coventry | ||||
Official Date: | 2012 | ||||
Dates: |
|
||||
Volume: | Volume 2012 | ||||
Number: | Number 987 | ||||
Number of Pages: | 17 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Funder: | Economic and Social Research Council (Great Britain) (ESRC) | ||||
Grant number: | RES-062-23-1962 |
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |