This paper analyzes the effects of a changing market structure on the price dynamics of final goods in an emerging Czech retail market. We estimate the extent of up-and downstream market power and find that the changing market structure was responsible for an average yearly price decrease of retailed products by 0.8 percentage points during 2000-2005. At the same time,, however we anticipate that a period of mergers and acquisitions that has already started could cause yearly price increases of retailed products by 1.2 percentage points-approximately 0.5 percentage points in the consumer price index inflation-over the next ten years.
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Korea Univ, Dept Econ, 145 Anam Ro, Seoul 02841, South KoreaKorea Univ, Dept Econ, 145 Anam Ro, Seoul 02841, South Korea
Koh, Kanghyok
Jeon, Sungho
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Korea Informat Soc Dev Inst, 18 Jeongtong Ro, Jincheon Gun 27872, Chungcheongbuk, South KoreaKorea Univ, Dept Econ, 145 Anam Ro, Seoul 02841, South Korea
Jeon, Sungho
Lee, Jinhyuk
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Korea Univ, Dept Econ, 145 Anam Ro, Seoul 02841, South KoreaKorea Univ, Dept Econ, 145 Anam Ro, Seoul 02841, South Korea
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Hong Kong Polytech Univ, Sch Accounting & Finance, Kowloon, Hong Kong, Peoples R ChinaHong Kong Polytech Univ, Sch Accounting & Finance, Kowloon, Hong Kong, Peoples R China
Li, Wei
Wang, Steven Shuye
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Hong Kong Polytech Univ, Sch Accounting & Finance, Kowloon, Hong Kong, Peoples R ChinaHong Kong Polytech Univ, Sch Accounting & Finance, Kowloon, Hong Kong, Peoples R China
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Fed Univ Latin Amer Integrat, Ave Tancredo Neves 3147,Campus Integracao, BR-85867900 Foz Do Iguacu, PR, BrazilFed Univ Latin Amer Integrat, Ave Tancredo Neves 3147,Campus Integracao, BR-85867900 Foz Do Iguacu, PR, Brazil
Souza, Rodrigo da Silva
de Mattos, Leonardo Bornacki
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Univ Fed Vicosa, Dept Agr Econ, Edificio Edson Potsch Magalhaes R Purdue S-N, BR-36570900 Vicosa, MG, BrazilFed Univ Latin Amer Integrat, Ave Tancredo Neves 3147,Campus Integracao, BR-85867900 Foz Do Iguacu, PR, Brazil