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  1. Cross-country price and inflation dispersion
    retail network or national border?
    Author: Messner, Teresa; Rumler, Fabio; Strasser, Georg
    Published: [2023]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    (Why) do prices and inflation rates differ within the euro area? We study the relevance of a national border for grocery prices in the otherwise homogenous and highly integrated border region of Austria and Germany. Using transaction data on prices... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534
    Inter-library loan:
    No inter-library loan

     

    (Why) do prices and inflation rates differ within the euro area? We study the relevance of a national border for grocery prices in the otherwise homogenous and highly integrated border region of Austria and Germany. Using transaction data on prices and quantities from a large household panel, we compare the prices of identical products within a narrow band along the border. We find large assortment and price differences between these two regions. Even within multinational retail chains the prices of identical products on the two sides of the border differ on average by about 21%. These price differences are not very persistent indicating little arbitrage gain from undifferentiated cross-border shopping. Ensuing product-level inflation rates differ for only half of the chains. The results highlight the importance of the history-dependent evolution of distribution networks and of the structure of the sales organization as a driver of price and inflation heterogeneity.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289955188
    Other identifier:
    hdl: 10419/278352
    Series: Working paper series / European Central Bank ; no 2776 (February 2023)
    Subjects: Price discrimination; goods market integration; border effect; cross-border arbitrage; market power
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  2. Cross-country price and inflation dispersion
    retail network or national border?
    Author: Messner, Teresa; Rumler, Fabio; Strasser, Georg
    Published: 2022
    Publisher:  Publications Office of the European Union, Luxembourg

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 896
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789276604686
    Other identifier:
    Edition: 1st edition
    Series: Single market economics papers ; WP 11
    Subjects: Price discrimination; goods market integration; border effect; cross-border arbitrage; market power
    Scope: 1 Online-Ressource (circa 59 Seiten)