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A Study of Retail Prices of Groceries in Relation to Standard Price Theory

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  • Sturgess, Ian M.

Abstract

Data from a survey of self-service grocery stores in New South Wales and Victoria is used to show that the surface of prices is not well explained by simple price theory. Also examined and tenatively explained are price differences between chain and non-chain stores and between metropolitan and rural stores; the roles of different products in store pricing; and the nature of price competition in local markets.

Suggested Citation

  • Sturgess, Ian M., 1970. "A Study of Retail Prices of Groceries in Relation to Standard Price Theory," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 38(04), pages 1-24, December.
    • Handle: RePEc:ags:remaae:9602
    DOI: 10.22004/ag.econ.9602
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    References listed on IDEAS

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    1. William J. Baumol & Richard E. Quandt & Harold T. Shapiro, 1964. "Oligopoly Theory and Retail Food Pricing," The Journal of Business, University of Chicago Press, vol. 37, pages 346-346.
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    Cited by:

    1. Reed, Michael R. & Robbins, Lynn W., 1985. "The Relationship Between Managerial Heuristics and Economics in Pricing Retail Meats," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 17(2), pages 87-96, December.

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    Keywords

    Demand and Price Analysis;

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