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Document type:
Zeitschriftenaufsatz 
Author(s):
Koppenberg, Maximilian; Hirsch, Stefan 
Non-TUM Co-author(s):
nein 
Cooperation:
Title:
Markup estimation: A comparison of contemporary methods at the example of European food retailers 
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...    »
 
Keywords:
food retailing; market power; markup estimation; production function approach; stochastic frontier approach 
Intellectual Contribution:
Discipline-based Research 
Journal title:
Agribusiness 
Journal listet in FT50 ranking:
nein 
Year:
2021 
Year / month:
2021-07 
Fulltext / DOI:
Publisher:
Wiley 
E-ISSN:
0742-44771520-6297 
Date of publication:
07.07.2021 
Key publication:
Nein 
Peer reviewed:
Ja 
International:
Ja 
Book review:
Nein 
Commissioned:
not commissioned 
Technology:
Nein 
Interdisciplinarity:
Nein 
Mission statement:
Ethics and Sustainability:
Nein