File(s) under permanent embargo

Reason: This item is currently closed access.

Market consolidation and pricing developments in grocery retailing: a case study

chapter
posted on 01.05.2015, 08:51 by Ratula Chakraborty, Paul W. Dobson, Jonathan Seaton, Michael Waterson
When large retailers merge, there is a concern that a sudden and marked increase in concentration will alter the intensity and nature of price competition to the detriment of consumers. This chapter considers just such a situation in regard to UK grocery retailing, which has witnessed steadily increasing concentration over recent years, advanced by a series of mergers. Specifically, we examine the nature of price competition amongst the major “one-stop-shop” retail chains before, during, and after the Safeway/Morrison merger in March 2004.We find the merger offered consumers an immediate windfall benefit — with average prices falling straight after the merger — and more intriguingly appears to have led to (or at least is associated with) a marked change in the character of price competition in the market.

Funding

This work was supported by the Economic and Social Research Council (grant number RES-062-23-1962

History

School

  • Business and Economics

Department

  • Business

Published in

The Analysis of Competition Policy and Sectoral Regulation World Scientific-Now Publishers Series in Business

Volume

4

Pages

3 - 29 (27)

Citation

CHAKRABORTY, R. ... et al., 2014. Market consolidation and pricing developments in grocery retailing: a case study. IN: Peitz, M. and Spiegel, Y. (eds.) The Analysis of Competition Policy and Sectoral Regulation, 4, pp. 3 - 29.

Publisher

World Scientific

Version

VoR (Version of Record)

Publisher statement

This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

Publication date

2014

Notes

Closed access. This is a Cresse conference paper that was selected for publication in Volume 4 of the World Scientific-Now Publishers Series in Business, The Analysis of Competition Policy and Sectoral Regulation.

ISBN

978-981-4616-35-5

Book series

World Scientific-Now Publishers Series in Business;4

Language

en

Exports

Logo branding

Exports