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| Ferto, Imre; Bakucs, Lajos Zoltan. |
| We examine retail price variation across a range of milk products in Hungary. Our results show that majority of products have regular prices and the most deviations from that regular price are upward. We find significant differences across products in terms of price distributions. Sales are infrequent for majority of products and its role is limited in annual price variation. Results do not confirm that durable goods should have qualitatively different pricing pattern than less-durable goods. Although existing models of retail sales yield predictions consistent with some aspects of the retail pricing distributions, all of these models fail to explain other important aspects of retail pricing identified here. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Retail prices; Sales; Milk products; Demand and Price Analysis; Industrial Organization; Marketing; L 13. |
| Ano: 2009 |
URL: http://purl.umn.edu/51670 |
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| Dutton, Jennifer M.; Ward, Clement E.; Lusk, Jayson L.. |
| Consumers reveal preferences for fresh beef attributes through their retail beef purchases. Hedonic pricing methods were used to estimate the value consumers place on observable characteristics of fresh beef products, especially on retail beef brands. Primary data were collected from 65 randomly generated grocery stores located in three metropolitan areas, Oklahoma City and Tulsa, Oklahoma, and Denver, Colorado. Retail beef package data were collected on 462 ground products, 175 roast products, and 756 steak products. There was some evidence retail beef brands command a price premium compared with unbranded, generic products. In this study, branding programs classified as “special” (i.e. no antibiotics, no hormones, all natural) offered the largest price... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Beef; Hedonic pricing; Marketing; Retail beef brands; Retail prices. |
| Ano: 2007 |
URL: http://purl.umn.edu/37571 |
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| Leibtag, Ephraim S.; Nakamura, Alice; Nakamura, Emi; Zerom, Dawit. |
| A rich data set of coffee prices and costs was used to determine to what extent changes in commodity costs affect manufacturer and retail prices. On average, a 10-cent increase in the cost of a pound of green coffee beans in a given quarter results in a 2-cent increase in manufacturer and retail prices in that quarter. If a cost change persists for several quarters, it will be incorporated into manufacturer prices approximately cent-forcent with the commodity-cost change. Given the substantial fixed costs and markups involved in coffee manufacturing, this translates into about a 3-percent change in retail prices for a 10-percent change in commodity prices. We do not find robust evidence that coffee prices respond more to increases than to decreases in costs. |
| Tipo: Report |
Palavras-chave: Cost pass-through; Retail prices; Manufacturer prices; Commodity costs; Coffee; Demand and Price Analysis. |
| Ano: 2007 |
URL: http://purl.umn.edu/7253 |
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| Bakucs, Lajos Zoltan; Ferto, Imre. |
| Modern theories of sales make conflicting predictions about the temporal pattern of sales, which we test using retail chain level data. In this paper, we focus on the retail sale patterns of two retail milk prices in a New Member State (NMS), Hungary using weekly data across eight retail chain between 2005 January and 2008 June. We employ a battery of empirical tests, to try a number of sale theory hypotheses. First, we present summary statistics, histograms, and correlations of prices and sales from which we conclude that no theory of sales fully describes sale patterns and price distributions. Second, we apply vector autoregressive analysis and Granger tests of temporal ordering (”causality tests”) to determine whether the sale of one retail chain is... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Sales; Retail prices; Milk; Livestock Production/Industries. |
| Ano: 2009 |
URL: http://purl.umn.edu/50932 |
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