EMPIRICAL EVIDENCE ON THE ROLE OF NONLINEAR WHOLESALE PRICING AND VERTICAL RESTRAINTS ON COST PASS-THROUGH

被引:62
作者
Bonnet, Celine [1 ]
Dubois, Pierre [2 ]
Boas, Sofia B. Villas [3 ]
Klapper, Daniel [4 ]
机构
[1] INRA, Toulouse Sch Econ, GREMAQ, Toulouse, France
[2] IDEI, Toulouse Sch Econ, GREMAQ, INRA, Toulouse, France
[3] Univ Calif Berkeley, Berkeley, CA 94720 USA
[4] Goethe Univ Frankfurt, Lehrstuhl Mkt, Frankfurt, Germany
关键词
EXCHANGE-RATE; MANUFACTURERS; MODELS; CONTRACTS; INFERENCE; RETAILERS; PRICES;
D O I
10.1162/REST_a_00267
中图分类号
F [经济];
学科分类号
02 ;
摘要
How a cost shock is passed through to final consumer prices may relate to nominal price stickiness and rigidities, the existence of nonadjustable cost components, strategic markup adjustments, or other contract terms along the supply distribution chain. This paper presents a simple framework to assess the potential role of nonlinear pricing contracts and vertical restraints, such as resale price maintenance or wholesale price discrimination in the supply chain, in explaining the degree of pass-through from upstream cost shocks in the ground coffee category to downstream retail prices. We find that resale price maintenance increases pass-through rate.
引用
收藏
页码:500 / 515
页数:16
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