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Author : lindy-dunigan | Published Date : 2016-06-13

Abstract This paper examines retail grocery price levels with a very large unbalanced panel of storesthat operate in welldefined local markets We explain price variation

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Abstract This paper examines retail grocery price levels with a very large unbalanced panel of storesthat operate in welldefined local markets We explain price variation across grocery retailersby. 57359 UHG FOLS57347 QWL57360IHHGEDFN RQ57362RII57361 8721 VHH EHORZ 6KDSH EULJKWHQV57359 UHGXFHV PXG 57396573765738957376574115745557453574565745857445574595745957449574555745457376574415745457444573765744457445573895744557459574595737657441574535745 FDQ VDYH PXOWLSOH VHWWLQJV 7R UHXVH D SUHYLRXVO VDYHG VHWWLQJ z OLFN WKH 6DYH 6HWWLQJV OLVW WKHQ FOLFN WKH GHVLUHG VDYHG VHWWLQJ 5HPRYLQJ OO HDGHUV DQG RRWHUV IURP WKH FWLYH LOH57355V z 7R UHPRYH DOO KHDGHUV DQG IRRWHUV FOLFN HOHWH OO z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hwdlohuv (lnfoxglnj wkh folhnw’v sduhnw frpsdny, doorw frnvxphuv ydulrxv sdyphnw rswlrnv1 Tkhvh lnfoxgh fkhfn, fdvk, fuhglw, EBT, jliw fdug dng ghelw1 Edfk wysh ri sdy - vyvwhp1 Tklv htxdw ϮϬϭϵ WRROV IRU HOHFWURQLFV DOO SULFHV SHU SLHFH ;XURQ IOXVK FXWWHUV ZLWK E\SDVV EODGHV IRU HDV\ DQG HIIRUWOHVV FXWWLQJ DFWLRQ SURGXFW FRGH GHVFULSWLRQ � 5HOLDQW (QHUJ\ 5HWDLO 6HUYLFHV //& 6PDOO 1RQ5HVLGHQWLDO 32/5 3ODQ $(3 7H[DV 1RUWK 6HUYLFH $UHD ,VVXH 'DWH � ϭ 1HZ =HDODQG·V )ODJVWDII :DU +DQQDK /L\DQDUDFKFKL -XQLRU 'LYLVLRQ ,QGLYLGXDO 3DSHU 6WXGHQW&RPSRVHG :RUGV Ϯ ,QWURGXFWLRQ 7 UG WK *UDGHV 5(*,675$7,21 )250 '$<2 '$1%85< /,*+71,1* ZZZGD\RVSRUWVFRP ϮϬϭϴ WZd//WEd KEdZd � WĄŐ͘ ϭ ͮ ϯ &LVFo ,GHQWLW\ 6HUYLFHV (QJLQH 6,6( Y &HQWUo 7HFQoOyJLFo GH (QWUHQDPLHQWo & )$&76+((7 $FFRXQWDELOLW\ 3()$ SURJUDP &RQWULEXWLRQ WR LPSURYLQJ SXEOLF ILQDQFLDO PDQDJHPHQW 3)0 V\VWHPV DQG SURYLGLQJ EDVLV IRU UHIRUP VWUDWHJLHV 3()$ LV DQ HYLGHQFH x0014x00196LJQLILFDQFH5LWX 0DQJDUEVWUDFWx001D 7KH 1HZDUV DUH D IDLUO FRPSOH JURXSx000F VSHDNLQJ 1HSDOL DQG 1HZDULx000FWKH WZR ODQJXDJHV RIQGRx0010UDQ DQG D 7LEHWRx0010XUPHVH OLQJXLVWLF JURXSx000FGRZQ

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