A rationale for repealing the 1987 Groceries Order

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dc.contributor.author Whelan, Ciara
dc.contributor.author Walsh, Patrick P.
dc.date.accessioned 2008-05-13T15:27:15Z
dc.date.available 2008-05-13T15:27:15Z
dc.date.copyright ESRI, 1999 en
dc.date.issued 1999
dc.identifier.citation Economic and Social Review en
dc.identifier.issn 0012-9984
dc.identifier.uri http://hdl.handle.net/10197/127
dc.description.abstract A ban on pricing below cost was implemented under the 1987 Groceries Order based on the premise that loss leading used in multi-product retail pricing distorts competition and exploits consumers in the short run, while driving a more concentrated structure and reducing welfare in the long run. Loss leading is examined for multi-product retailers selling in imperfectly competitive market niches with imperfect consumer information. We develop a theoretical argument in a simple two-stage framework that illustrates how loss leading on a subset of products is an equilibrium outcome of price competition that leaves overall welfare equal to that observed under laissez faire. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher Economic and Social Research Institute (ESRI) en
dc.subject.lcsh Grocery trade--Law and legislation en
dc.subject.lcsh Price regulation--Ireland en
dc.subject.lcsh Loss leaders--Ireland en
dc.title A rationale for repealing the 1987 Groceries Order en
dc.type Journal Article en
dc.internal.authorurl Ciara Whelan (web page) en
dc.internal.authorurl http://www.ucd.ie/economic/staff/cwhelan/cwweb/cwhome.html en
dc.internal.authorurl Patrick P. Walsh (web page) en
dc.internal.authorurl http://geary.ucd.ie/index.php/Table/About-Items/?ref=13622318 en
dc.internal.authorcontactother Ciara Whelan - Email: Ciara.Whelan@ucd.ie; Tel: 353 1 716 8509 en
dc.internal.authorcontactother Patrick P. Walsh - Email: ppwalsh@ucd.ie; Tel: 353 1 7168435 en
dc.internal.authorid UCD0025 en
dc.internal.authorid UCD0027 en
dc.internal.availability Full text available en
dc.internal.webversions http://www.esr.ie/vol30_1/4_Walsh.pdf en
dc.status Peer reviewed en
dc.identifier.volume 30 en
dc.identifier.issue 1 en
dc.identifier.startpage 71 en
dc.identifier.endpage 79 en
dc.neeo.contributor Walsh|Patrick P.|aut|UCD0027
dc.neeo.contributor Whelan|Ciara|aut|UCD0025

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