On the Implications of Reporting Retail Food Prices over Extended Periods
- 1 June 1987
- journal article
- Published by Wiley in Journal of Consumer Affairs
- Vol. 21 (1) , 40-69
- https://doi.org/10.1111/j.1745-6606.1987.tb00187.x
Abstract
This paper reports the results of economic experiments designed to determine the implications of a changed information flow to sellers in spatial markets. The experimental design used duopoly posted‐price markets. Apparently, price and firm profit levels increase as a result of instituting a price reporting system when consumers are fully informed. In light of these findings, it appears that a retail food price reporting system may have adverse impacts on consumers, especially when instituted for longer time periods.Keywords
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