Journalartikel

Jahr der Veröffentlichung: 2005

Seiten: 4-

Zeitschrift: Journal of Agricultural & Food Industrial Organization

Bandnummer: 3

Heftnummer: 1

ISSN: 1542-0485

eISSN: 1542-0485

DOI Link: https://doi.org/10.2202/1542-0485.1089

Verlag: De Gruyter

Abstract: 
The theoretical and empirical macroeconomic literature suggests that
price rigidity in industrialized countries is substantial and its causes
are manifold. This article provides empirical evidence on the
importance of price rigidity in the grocery-retailing sector and on the
role of some major determinants of food price rigidity. The analysis is
based on a comprehensive weekly dataset of 20 branded foods in German
food stores. The statistical analysis shows that food price rigidity is
strong in spite of the widespread use of retail sales. Moreover, the
importance of psychological pricing in grocery retailing is
overwhelming. Econometric results indicate that food prices get more
sticky as the number of price actions declines and as psychological
pricing becomes more concentrated on a few important price barriers.
Firms’ pricing strategies are crucial for food price rigidity, too.

Harvard-Zitierstil: Herrmann, R., Moeser, A. and Weber, S. (2005) Price Rigidity in the German Grocery-Retailing Sector: Scanner-Data Evidence on Magnitude and Causes, Journal of Agricultural & Food Industrial Organization, 3(1), p. 4. https://doi.org/10.2202/1542-0485.1089

APA-Zitierstil: Herrmann, R., Moeser, A., & Weber, S. (2005). Price Rigidity in the German Grocery-Retailing Sector: Scanner-Data Evidence on Magnitude and Causes. Journal of Agricultural & Food Industrial Organization. 3(1), 4. https://doi.org/10.2202/1542-0485.1089