We examine whether loss leading pricing strategies in multiproduct retailing should be a target of antitrust policy. Loss leading is modeled in the presence of imperfect competition and consumer information in a stage game ...
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 ...
The paper empirically models price ispersion between related brands within roduct categories of the Irish Independent Grocery market. Retail brand prices are veraged over the independent shops stocking the brand. Since ...
In the transition to a market economy we examine the relationship between inherited human capital structures and the evolution of unemployment within a two-sector model of endogenous restructuring. We find evidence across ...
In this paper we test the effects of ownership, competition and disorganisation on firm level employment dynamics using a unique data set of 150 Russian and 300 Ukrainian firms. Our results, in contrast to findings in ...
Industrial output in Central and Eastern Europe evolved in a U-shape during the first seven years of transition. The literature explains the initial collapse of industrial output as an inefficient outcome driven by supply ...
Most post-communist economies are characterized by an initial collapse in
aggregate output. Blanchard and Kremer (1997) and Roland and Verdier (1997)
have recently modelled supply-side distortions — disorganization in ...