TY  - GEN
TI  - Staggering and Synchronisation of Prices in a Low Inflation Environment: Evidence from German Food Stores
AU  - Loy, Jens-Peter
AU  - Weiss, Christoph R
PY  - 2002
PB  - Kiel: Kiel University, Department of Food Economics and Consumption Studies
LA  - eng
KW  - ddc:330
KW  - D40
KW  - L11
KW  - Food Retail Market
KW  - Germany
KW  - Pricing Behaviour
KW  - Menu Costs
KW  - Einzelhandelspreispolitik
KW  - Preisrigidität
KW  - Preiswettbewerb
KW  - Anpassungskosten
KW  - Schätzung
KW  - Deutschland
AB  - Only a few studies have analysed staggering and synchronisation in pricing behaviour of multi-product firms. These studies used low-frequency data in an environment of high rates of inflation. This paper investigates staggering and synchronisation of weekly prices for ten food products in 131 grocery stores in Germany over the period from May 1995 to December 2000 (296 weeks). Different forms of staggering and synchronisation (across-store synchronisation, within type-of-store synchronisation, within retailer synchronisation or across-product synchronisation) have been analysed. None of these forms of synchronisation is supported empirically however. In contrast, perfect staggering can only be rejected in very few cases indicating that fixed or firm specific menu costs are not major causes for price stickiness.
UR  - http://hdl.handle.net/10419/23589
UR  - https://www.pollux-fid.de/r/base-ftzbwkiel:oai:econstor.eu:10419/23589
H1  - Pollux (Fachinformationsdienst Politikwissenschaft)
ER  -