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Titel:

Markup estimation: A comparison of contemporary methods at the example of European food retailers

Dokumenttyp:
Zeitschriftenaufsatz
Autor(en):
Koppenberg, Maximilian; Hirsch, Stefan
Nicht-TUM Koautoren:
nein
Kooperation:
-
Abstract:
We compare the economic and econometric assumptions of two contemporary procedures for the estimation of markups, the stochastic frontier approach (SFA) and the production function approach (PFA), and apply them to EU food retailing over the period 2010–2018. Although, the estimates of the underlying technology of the two methods are similar, our results suggest that the PFA leads to significantly larger markups, yielding approximated excess consumer expenditures 58.14%–313.33% larger than predi...     »
Stichworte:
food retailing; market power; markup estimation; production function approach; stochastic frontier approach
Intellectual Contribution:
Discipline-based Research
Zeitschriftentitel:
Agribusiness
Journal gelistet in FT50 Ranking:
nein
Jahr:
2021
Jahr / Monat:
2021-07
Volltext / DOI:
doi:10.1002/agr.21711
Verlag / Institution:
Wiley
E-ISSN:
0742-44771520-6297
Publikationsdatum:
07.07.2021
Urteilsbesprechung:
0
Key publication:
Nein
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
commissioned:
not commissioned
Technology:
Nein
Interdisziplinarität:
Nein
Leitbild:
;
Ethics und Sustainability:
Nein
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