Testing the law of one price in the Chinese wholesale food markets

Article Abstract:

The extent to which the law of one price (LOOP) holds good in the Chinese wholesale food markets that have emerged as the cornerstone of China's food circulation system is examined through an evaluation of the pricing efficiency in a number of such markets in major Chinese cities. Results demonstrate that overall the LOOP did not hold in most of the markets and the policy implications of the analysis for Australia are explored.

China, Legal issues & crime, Government regulation (cont), Government regulation, Legal/Government Regulation, Laws, regulations and rules, Food law

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Food pricing, competition, and the emerging supercenter format

Article Abstract:

A study that was carried out to examine the price impacts from supercenter entry, growing supercenter market share and supermarket consolidation from 1993-2003 is discussed. Results show that both the market share of the supercenter food sales and the marginal impact of supercenter entry did not have an important impact on food prices in the metropolitan statistical areas analyzed.

United States, Sales & consumption, Influence, Growth, Company growth, Industry sales and revenue

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Do psychological prices contribute to price rigidity? Evidence from German scanner data on food brands

Article Abstract:

The extent to which psychological pricing plays a role in grocery retailing and whether it contributes to the price rigidity of branded foods in Germany is analyzed. Branded food prices are remarkably sticky and psychological pricing points contribute strongly to price rigidity.

Germany, Marketing procedures, Marketing, Company marketing practices, Consumer price indexes, Statistical data

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