Preisrigidität bei Lebensmitteln
JOURNAL ARTICLE
Cite JOURNAL ARTICLE
Style
Format
Preisrigidität bei Lebensmitteln
Loy, Jens-Peter | Schaper, Fabian
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 134 (2014), Iss. 1 : pp. 25–60
5 Citations (CrossRef)
Additional Information
Article Details
Author Details
Jens-Peter Loy, Institut für Agrarökonomie der Christian-Albrechts-Universität zu Kiel, Olshausenstraße 40, 24118 Kiel
Fabian Schaper, Institut für Agrarökonomie der Christian-Albrechts-Universität zu Kiel, Olshausenstraße 40, 24118 Kiel
Cited By
-
The effect of time-varying factors on promotional activity in the German milk market
Holzer, Patrick Sebastian
Journal of Retailing and Consumer Services, Vol. 55 (2020), Iss. P.102090
https://doi.org/10.1016/j.jretconser.2020.102090 [Citations: 4] -
E-commerce and the end of price rigidity?
Hillen, Judith | Fedoseeva, SvetlanaJournal of Business Research, Vol. 125 (2021), Iss. P.63
https://doi.org/10.1016/j.jbusres.2020.11.052 [Citations: 21] -
(Dynamic) willingness to pay and e-commerce: Insights from sparkling wine sector in Russia
Fedoseeva, Svetlana
Journal of Retailing and Consumer Services, Vol. 57 (2020), Iss. P.102180
https://doi.org/10.1016/j.jretconser.2020.102180 [Citations: 1] -
Regular Price Stickiness in German Food Retailing
Holzer, Patrick Sebastian | Bittmann, ThomasJournal of Agricultural & Food Industrial Organization, Vol. 18 (2020), Iss. 2
https://doi.org/10.1515/jafio-2019-0027 [Citations: 0] -
Was the economics of information approach wrong all the way? Evidence from German grocery r(E)tailing
Fedoseeva, Svetlana | Herrmann, Roland | Nickolaus, KatharinaJournal of Business Research, Vol. 80 (2017), Iss. P.63
https://doi.org/10.1016/j.jbusres.2017.07.006 [Citations: 24]
Abstract
In this paper, the proportions and determinants of price rigidity in German food retailing are investigated for selected products. In measuring price rigidity, we explicitly consider promotional sales by excluding price promotions. Price promotions cause a significant part of retail price variations, but are by definition not based on cost changes. Thus, if price promotions are not considered, price rigidity measures are biased. The average estimated duration of rigid prices in supermarkets increases from forty to sixty weeks, if price promotions are excluded. All food products show considerable price rigidities. In particular, key products with a high level of consumers" attention indicate significantly lower price rigidities. Psychological prices are more rigid than others. Unexpectedly, high price (national) brands exhibit greater price flexibility than low price private labels. From this we may conclude that rigid food retail prices are not caused by retail market power, but by implementing an „every day low price" retailing strategy.