Grocery-Retailer Pricing Behavior with Implications for Farmer Welfare

In the standard model of food pricing, retailers set price equal to the farm or wholesale price plus a markup based on retailing costs. However, predictions from a markup-pricing modelÑsuch as high correlations between retail price and farm price and among prices across retailers in a cityÑ are not...

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Bibliographic Details
Main Authors: Chenguang Li, Richard J. Sexton
Format: Article
Language:English
Published: Western Agricultural Economics Association 2013-08-01
Series:Journal of Agricultural and Resource Economics
Subjects:
Online Access:https://ageconsearch.umn.edu/record/158282