English, Article, Journal or magazine article edition: Chain-store Pricing and the Structure of Retail Markets Matt Olczak

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Bookmark: http://trove.nla.gov.au/version/49068
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Chain-store Pricing and the Structure of Retail Markets
Author
  • Matt Olczak
Physical Description
  • preprint
Notes
  • This paper investigates competition between chain-stores and independents in the UK opticians' industry, using the relationship between the number of outlets present in a local market and the market size. Chain-stores are shown to have a significant effect on local market competition. In addition, the empirical approach is extended to allow inferences on the nature and extent of product differentiation. The results are broadly consistent with a model of vertical product differentiation in which chain-stores adopt national pricing strategies. The evidence suggests that the nature of competition between independent retailers depends on whether a chain-store is present.
  • Chain-stores, product differentiation, national pricing
  • RePEc:ccp:wpaper:wp06-07
Language
  • English
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