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Title:

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

Document type:
Zeitschriftenaufsatz
Author(s):
Koppenberg, Maximilian; Hirsch, Stefan
Non-TUM Co-author(s):
nein
Cooperation:
-
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:
doi:10.1002/agr.21711
Publisher:
Wiley
E-ISSN:
0742-44771520-6297
Date of publication:
07.07.2021
Judgement review:
0
Key publication:
Nein
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
Commissioned:
not commissioned
Technology:
Nein
Interdisciplinarity:
Nein
Mission statement:
;
Ethics and Sustainability:
Nein
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