Abstract
The connection between market structure and pricing is well established in the industrial organization literature (for a review see Weiss 1974). Relatively little work has been done in downstream industries such as retailing, for reasons that will be discussed below.
Everything you want in a store and a little bit more. — Safeway advertisement
Since we’re neighbors let’s be friends. — Safeway advertisement
Pricing of identical items will be uniform among and within COOP centers. — COOP sign in monopoly store
Our prices bring you in, our people bring you back. — Albertson advertisement
If you can find a lower total on [any 25] items at any other supermarket that week, Alpha Beta will refund 10% of the total price of your order in cash. — Alpha Beta advertisement
If the total amount for the same or comparable items is less at [any] other supermarket, we’ll refund you double the difference. — Lucky advertisement
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Meyer, P.J., Garber, K.M., Pino, B.A. (1983). Concentration and Performance in Local Retail Markets. In: Craven, J.V. (eds) Industrial Organization, Antitrust, and Public Policy. Middlebury Conference Series on Economic Issues. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-1874-5_8
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DOI: https://doi.org/10.1007/978-94-017-1874-5_8
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