801 research outputs found
Price Rigidity and Market Power in German Retailing
This paper presents empirical evidence on the interplay important topics of consumer price rigidity and market power in the German food retail industry. In particular, the analysis addresses the causal relationship between market structure - collusion - and pricing behaviour highlighted in the industrial organization literature. Extensive analysis of retail scanner data across beef and pork products reveals considerable differences in price rigidity across store types. Supermarket pricing behaviour is evaluated with respect to all price changes, retail sales actions and price adjustments indicating that food discounters exhibit the highest degree of rigid prices. Retail concentration, as an important explanatory factor of price stickiness is investigated via the analysis of retail market power employing a conjectural variation approach. The analysis of market conduct in the marketing of beef and pork products indicates simultaneous oligopolistic and oligopsonistic behaviour of retail firms. --
Grocery retailing in Germany : situation, development and pricing strategies
Over the last four decades, the German food-retailing sector has been subject to continuous structural change. Most important has been the combination of increasing concentration with rising store size and the growing role of discounters implementing an aggressive EDLP pricing strategy. Thus, consumers have benefited from intensive price competition, despite the higher market share of leading food retailers. The analysis of market conduct, in terms of price formation and pricing strategies, reveals a typical situation of imperfect competition. The law of one price certainly does not hold for individual foods. Price levels and pricing strategies diverge substantially across firms and store types. There are successful retailers with an EDLP strategy, as well as others with a HiLo strategy. A major lesson to be learned from the German experience is that increasing concentration in food retailing does not necessarily imply that more market power is exerted at the expense of consumers. Competitive markets are compatible with a high level of concentration as long as a strong competitive fringe, for example discounters, challenges the large chains in food retailing
The impact of information technology on supplier selection decisions
New information technologies used to support electronic commerce transactions have the potential to trigger significant changes in supplier relationships by reducing transaction costs. This work identifies the transaction costs of supplier relationships and examines how these costs are likely to be reduced by new developments in information technology. A model is presented and discussed with respect to technologies reducing the evaluation costs of finding new suppliers and the costs of establishing business relationships with them
Grocery retailing in Germany: Situation, development and pricing strategies
Like many other industrialised countries Germany has experienced a powerful concentration process in food retailing. There are some issues, however, which make Germany a special case in Europe and among industrialised countries in general. This holds true in terms of market structure and concentration, market development and pricing strategies. The market share of hard discounters like Aldi and Lidl has grown continuously in recent decades and the market share of discounters in general has reached a magnitude that is well above that found in other European countries. This has led to robust price competition in German food retailing. Along with this development, it has been very difficult for inward foreign direct investment (FDI) to gain ground in the German food retailing industry. One example was the market entry by Wal-Mart which, given its initial ambitious goals, was not successful. On the other hand, German hard discounters have strongly affected outward FDI by other German food retailers. In the process of expanding into other markets abroad, these companies have had a positive impact on exporting by the German food industry. This article describes and analyses these major trends in German food retailing in detail. It is organised as follows. The structure of food retailing is described and explained in Section 2. Section 3 deals with the importance of inward and outward FDI in German food retailing. It is discussed in both sections how increased concentration in food retailing affects the marketing chain. Price competition is intense in Germany, and studies of food pricing strategies have used scanner data. Therefore a special case study in Section 4 is the analysis of food pricing strategies in Germany based on scanner-data evidence. The analysis shows that the pricing behaviour of food retailers is characterised by the every-day-low-pricing (EDLP) strategies of discounters and the high-lowpricing (HiLo) strategies of their major competitors. The main elements of pricing policies are indicative of firms' market power: repeated price discounts for major food brands, frequent changes of loss leaders, the dominant role of psychological pricing, and a strong price rigidity for all other foods which are not on special offer. --
Grocery retailing in Poland: Structural changes and foreign direct investment
The development of the Polish food retailing sector is very interesting. With the transition from a socialist to a market economy, structural change in the retailing sector has been especially rapid and the new open markets in Poland have attracted foreign investors throughout the economy in general and in the foodretailing sector in particular. This article describes and analyses the major trends in Polish food retailing. It is organised as follows. The structure of food retailing is described and explained in Section 2, first at the store-type level and then at the firm level. How the powerful concentration process in food retailing has affected the marketing chain is also discussed. Inward foreign direct investment (FDI) in Polish food retailing is covered in Section 3. Given the special importance of FDI in the Polish economy during the transition process, an analysis is carried out of the determinants of FDI in retailing within a cross-country dataset and with a particularly detailed look at FDI in Poland. The results are summarised in Section 5. --
Proposal of new variants for day ahead, intra-day and balancing markets/mechanisms in Europe:OPTIMATE project deliverable D23; D34; D35
Electron Imaging of Nanoscale Charge Distributions Induced by Femtosecond Light Pulses
Surface charging is a phenomenon ubiquitously observable in in-situ
transmission electron microscopy of non-conducting specimens as a result of
electron-beam/sample interactions or optical stimuli and often limits the
achievable image stability and spatial or spectral resolution. Here, we report
on the electron-optical imaging of surface charging on a nanostructured surface
following femtosecond-multiphoton photoemission. By quantitatively extracting
the light-induced electrostatic potential and studying the charging dynamics on
the relevant timescales, we gain insights into the details of the multi-photon
photoemission process in the presence of a background field. We study the
interaction of the charge distribution with the high-energy electron beam and
secondary electrons and propose a simple model to describe the interplay of
electron- and light-induced processes.Comment: 26 pages; Manuscript with 3 figures and Supporting Information with 1
additional figur
Milking challenges while drinking foreign milk: the case of Ghanaâs dairy sector
While the domestic milk production sector of Ghana remains stagnant over the years, dairy processing on the other hand is continually witnessing growth relying largely on milk powder and other dairy products imports mainly from EU member countries. The EU is blamed for the underdevelopment of the domestic dairy sector of many African nations. However, evidence that either prove or refute these growing criticisms are missing. This study was thus initiated to examine Ghanaâs dairy sector with an emphasis on those parts of the value chain where imported milk powder is used. The study shows that the dairy processing industry is continually expanding relying largely on milk powder imports mainly from EU member countries. Also, processors expect an increase in consumer preferences for more diversified dairy products in the near future. This implies further growth of the processing industry which already relies largely on imported input. The study identified myriads of challenges facing the Ghanaian dairy sector which altogether contribute to its inability to contribute to the processing industryâs needs. Notwithstanding, any attempt to address the challenges of the sector should focus not only on economic and political aspects such as self-sufficiency, sovereignty, and trade dependency but also climate conditions, the use of natural resources and their subsequent environmental impacts should be considered
Entwicklung einer Methode zur Identifikation dreidimensionaler Blickbewegungen in realer und virtueller Umgebung
Das VerstĂ€ndnis ĂŒber visuelle Aufmerksamkeitsprozesse ist nicht nur fĂŒr die Kognitionsforschung von groĂem Interesse. Auch in alltĂ€glichen Bereichen des Lebens stellt sich die Frage, wie wir unsere Umwelt in unterschiedlichen Situationen visuell wahrnehmen. Entsprechende Untersuchungen können in realen Szenarien und aufgrund neuer innovativer 3D-Verfahren auch in Umgebungen der virtuellen RealitĂ€t (VR) durchgefĂŒhrt werden. Zur Erforschung von Aufmerksamkeitsprozessen wird unter anderem die Methode der Blickbewegungsmessung (Eyetracking) angewandt, da das Sehen fĂŒr uns Menschen die wichtigste SinnesmodalitĂ€t darstellt. Herkömmliche Blickbewegungsmessungen beziehen sich allerdings ĂŒberwiegend auf zweidimensionale Messebenen, wie Bildschirm, Leinwand oder Szenevideo.
Die vorliegende Arbeit stellt eine Methode vor, mit der dreidimensionale Blickorte und Blickbewegungen sowohl in einer realen als auch in einer stereoskopisch projizierten VR-Umgebung anhand moderner Eyetracking-Technologien bestimmt werden können. DafĂŒr wurde zunĂ€chst in Studie I geprĂŒft, ob die Blickbewegungsmessung durch die fĂŒr eine stereoskopische Bildtrennung notwendigen 3D-Brillen hindurch möglich ist und inwieweit durch diesen Versuchsaufbau die QualitĂ€t der erhobenen Eyetracking-Daten beeinflusst wird.
Im nÀchsten Schritt wurde zur Berechnung dreidimensionaler Blickorte das Anforderungsprofil an einen universellen Algorithmus erstellt und mit einem vektorbasierten Ansatz umgesetzt. Die Besonderheit hierbei besteht in der Berechnung der Blickvektoren anhand der Augen- bzw. Foveaposition und binokularen Eyetracking-Daten. Wie genau dreidimensionale Blickorte anhand dieses Algorithmus berechnet werden können, wurde nachfolgend in realer (Studie II) als auch stereoskopisch projizierter VR-Umgebung (Studie III) untersucht.
AnschlieĂend erfolgte die Bestimmung dreidimensionaler Blickbewegungen aus den berechneten 3D-Blickorten. Dazu wurde ein ellipsoider Fixationserkennungsalgorithmus konzipiert und implementiert. FĂŒr die dispersionsbasierte Blickbewegungserkennung waren sowohl ein zeitlicher als auch örtlicher Parameter fĂŒr die Identifikation einer Fixation erforderlich. Da es noch keinerlei Erkenntnisse im dreidimensionalen Bereich gab, wurden die in Studie II und III ermittelten 3D-Blickorte der ellipsoiden Fixationserkennung ĂŒbergeben und die daraus berechneten Fixationsparameter analysiert.
Die entwickelte Methode der rÀumlichen Blickbewegungsmessung eröffnet die Möglichkeit, bislang in zwei Dimensionen untersuchte Blickmuster nunmehr rÀumlich zu bestimmen und grundlegende ZusammenhÀnge zwischen Blickbewegungen und kognitiven Prozessen dreidimensional sowohl in einer realen als auch virtuellen Umgebung zu analysieren
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