Retail Mergers and Food Prices: Evidence from France

Autor:	Claire Chambolle, Marie-Laure Allain, Sofia B Villas-Boas, Stéphane Turolla
Rok vydání:	2017
Předmět:	Economics and Econometrics Commerce Accounting 0502 economics and business 05 social sciences Food prices Business Monetary economics 050207 economics Market share General Business Management and Accounting 050205 econometrics Panel data
Zdroj:	The Journal of Industrial Economics. 65:469-509
ISSN:	0022-1821
DOI:	10.1111/joie.12153
Popis:	This paper analyzes the impact of a merger in the French supermarket industry on food prices. Using consumer panel data, we compare the changes in prices for merging and rival firms in affected and comparison markets. We use a novel definition of affected markets when some firms have a local pricing strategy and others a more centralized pricing strategy. We find that prices increase significantly following the merger, and that the merging firms lose market shares. For the rivals, the price increases are larger in local markets, in which concentration increased and differentiation changed after the merger.
Databáze:	OpenAIRE
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