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43533-Thumbnail Image.png
Created2004-08-05
Description

Supermarket retailers make strategic pricing decisions in a high-frequency, repeated game environment both in buying and selling fresh produce. In this context, there is some question as to whether a non-cooperative equilibrium can emerge that produces margins above the competitive level. Supermarket pricing results from tacitly collusive equilibria supported by

Supermarket retailers make strategic pricing decisions in a high-frequency, repeated game environment both in buying and selling fresh produce. In this context, there is some question as to whether a non-cooperative equilibrium can emerge that produces margins above the competitive level. Supermarket pricing results from tacitly collusive equilibria supported by trigger price strategies played in upstream markets. Upstream activities are, in turn, driven by periodic retail price promotions. We test this hypothesis using a sample of fresh produce pricing data from 20 supermarket chains in markets distributed throughout the U.S. Our results support the existence of tacitly collusive non-cooperative equilibria in upstream and downstream markets.

43536-Thumbnail Image.png
Created2004
Description

Supermarkets use periodic price promotions, or “sales” on a regular basis for a variety of products. Relatively little is understood about why supermarkets promote perishable items such as fresh fruits and vegetables, dairy products or meat. The primary contribution of this paper lies in demonstrating that sales among perishable food

Supermarkets use periodic price promotions, or “sales” on a regular basis for a variety of products. Relatively little is understood about why supermarkets promote perishable items such as fresh fruits and vegetables, dairy products or meat. The primary contribution of this paper lies in demonstrating that sales among perishable food items are mixed-strategy equilibria among multi-product retailers in which managers choose both the size of the promotion and the number of products to promote.

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ContributorsPalgen-Maissoneuve, Mimi, 1918-1995 (Photographer)
Created1942 to 1962
61940-Thumbnail Image.jpg
ContributorsPalgen-Maissoneuve, Mimi, 1918-1995 (Photographer)
Created1942 to 1962
61943-Thumbnail Image.jpg
ContributorsPalgen-Maissoneuve, Mimi, 1918-1995 (Photographer)
Created1942 to 1962
61944-Thumbnail Image.jpg
ContributorsPalgen-Maissoneuve, Mimi, 1918-1995 (Photographer)
Created1942 to 1962
61946-Thumbnail Image.jpg
ContributorsPalgen-Maissoneuve, Mimi, 1918-1995 (Photographer)
Created1942 to 1962
61949-Thumbnail Image.jpg
ContributorsPalgen-Maissoneuve, Mimi, 1918-1995 (Photographer)
Created1942 to 1962
61950-Thumbnail Image.jpg
ContributorsPalgen-Maissoneuve, Mimi, 1918-1995 (Photographer)
Created1942 to 1962
61961-Thumbnail Image.jpg
ContributorsPalgen-Maissoneuve, Mimi, 1918-1995 (Photographer)
Created1942 to 1962