EMPIRICAL EVIDENCE ON THE ROLE OF NONLINEAR WHOLESALE PRICING AND VERTICAL RESTRAINTS ON COST PASS-THROUGH

• 成果类型: Article
• 署名作者: Bonnet, Celine; Dubois, Pierre; Boas, Sofia B. Villas; Klapper, Daniel
• 署名单位: Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; INRAE; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; INRAE; University of California System; University of California Berkeley; Goethe University Frankfurt
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00267
• 发表日期: 2013-05
• 页码: 500-515
• 关键词: exchange-rate; manufacturers; models; CONTRACTS; inference; retailers; prices

摘要

How a cost shock is passed through to final consumer prices may relate to nominal price stickiness and rigidities, the existence of nonadjustable cost components, strategic markup adjustments, or other contract terms along the supply distribution chain. This paper presents a simple framework to assess the potential role of nonlinear pricing contracts and vertical restraints, such as resale price maintenance or wholesale price discrimination in the supply chain, in explaining the degree of pass-through from upstream cost shocks in the ground coffee category to downstream retail prices. We find that resale price maintenance increases pass-through rate.