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Entry and Prices: Evidence from the Supermarket Sector.

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Title: Entry and Prices: Evidence from the Supermarket Sector.
Authors: Lira, Loreto1 llira@uandes.cl, Rivero, Rosario2 mrivero@puc.cl, Vergara, Rodrigo2 rvergara@faceapuc.cl
Source: Review of Industrial Organization. Dec2007, Vol. 31 Issue 4, p237-260. 24p. 10 Charts, 2 Graphs.
Subjects: Prices, Supermarkets, Business enterprises, Hypermarkets, Consumer price indexes, Macroeconomics, Price inflation, Market share
Geographic Terms: Chile
Abstract: The purpose of this paper is to investigate the effect on prices of the entry of a large supermarket into a given location. We use a panel with data from fifteen cities in Chile for the period 1998:I–2004:IV. We correct for the potential simultaneity problem derived from the fact that entry can be a response to price differentials. We find that the entry of a hypermarket to a given city reduces relative prices in that local market by 7–11%. Most interestingly, we also find that part of this effect takes place the year before the supermarket actually opens for business. [ABSTRACT FROM AUTHOR]
Copyright of Review of Industrial Organization is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Engineering Source
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  Data: <searchLink fieldCode="JN" term="%22Review+of+Industrial+Organization%22">Review of Industrial Organization</searchLink>. Dec2007, Vol. 31 Issue 4, p237-260. 24p. 10 Charts, 2 Graphs.
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  Data: <searchLink fieldCode="DE" term="%22Prices%22">Prices</searchLink><br /><searchLink fieldCode="DE" term="%22Supermarkets%22">Supermarkets</searchLink><br /><searchLink fieldCode="DE" term="%22Business+enterprises%22">Business enterprises</searchLink><br /><searchLink fieldCode="DE" term="%22Hypermarkets%22">Hypermarkets</searchLink><br /><searchLink fieldCode="DE" term="%22Consumer+price+indexes%22">Consumer price indexes</searchLink><br /><searchLink fieldCode="DE" term="%22Macroeconomics%22">Macroeconomics</searchLink><br /><searchLink fieldCode="DE" term="%22Price+inflation%22">Price inflation</searchLink><br /><searchLink fieldCode="DE" term="%22Market+share%22">Market share</searchLink>
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  Data: The purpose of this paper is to investigate the effect on prices of the entry of a large supermarket into a given location. We use a panel with data from fifteen cities in Chile for the period 1998:I–2004:IV. We correct for the potential simultaneity problem derived from the fact that entry can be a response to price differentials. We find that the entry of a hypermarket to a given city reduces relative prices in that local market by 7–11%. Most interestingly, we also find that part of this effect takes place the year before the supermarket actually opens for business. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Review of Industrial Organization is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1007/s11151-008-9156-1
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      – Code: eng
        Text: English
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        PageCount: 24
        StartPage: 237
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      – SubjectFull: Prices
        Type: general
      – SubjectFull: Supermarkets
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      – SubjectFull: Business enterprises
        Type: general
      – SubjectFull: Hypermarkets
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      – SubjectFull: Consumer price indexes
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      – SubjectFull: Macroeconomics
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      – SubjectFull: Price inflation
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      – SubjectFull: Market share
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      – SubjectFull: Chile
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      – TitleFull: Entry and Prices: Evidence from the Supermarket Sector.
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              M: 12
              Text: Dec2007
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