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UID:3ef27545476de72b19abe8ea8ee9e480
CATEGORIES:Seminars
CREATED:20170426T191042
SUMMARY:Lunch Seminar: Nicoletta Berardi - Banque de France
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:The determinants of consumer price dispersion: Evidence from French superma
 rkets (with Patrick Sevestre and Jonathan Thebault)\nAbstract:\n We charact
 erize the dispersion of grocery prices in France based on a large original 
 data set of prices in more than 1500 supermarkets across the country. On av
 erage across products, the 90th percentile of relative prices is 17% higher
  than the 10th. The mean absolute deviation from quarterly average product 
 prices is 5% on average in the French retail sector and the standard deviat
 ion of relative prices is 7%. We show that temporary sales and promotions e
 xplain only little of the observed price dispersion, while the permanent co
 mponent of price dispersion largely dominates. Indeed, in France price disp
 ersion across stores essentially results from persistent heterogeneity in r
 etail chains’ national pricing. Consumer prices are largely determined at a
  national level by retail groups’ bargaining power with producers and retai
 l chains’ positioning. We also show, however, that local conditions regardi
 ng demand or local competition between supermarkets do explain observed pri
 ces on local markets, though to a much lower extent.\n
DTSTAMP:20260405T194441Z
DTSTART:20170411T130000Z
DTEND:20170411T140000Z
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TRANSP:OPAQUE
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